March 2, 2018
Leading financial data and analytics provider relocating global headquarters to Building and Land Technology’s centerpiece property within The Towers at Merritt River office park.
FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services, is relocating its global headquarters to 45 Glover Avenue, a 264,500 square foot Class-A office building located in Norwalk, CT, owned by Building and Land Technology (BLT). FactSet will lease 173,000 square feet of office space at 45 Glover Avenue, bringing the property to 100% occupancy.
FactSet is relocating from its previous location at the Merritt 7 Office Complex in Norwalk. The Company is expected to move in to their new space at 45 Glover Avenue in the last calendar quarter of 2019.
The 45 Glover Avenue property offers state-of-the art amenities as well as efficient floor plates and is located within The Towers at Merritt River, a three-building office campus that also includes the 801 Main Avenue and 901 Main Avenue properties.
Considered the premier corporate campus in Norwalk, the complex sits high on a hill offering an ideal branding opportunity and a great location with immediate access to the Merritt Parkway, Route 7 and the Merritt 7 Metro North Train Station. Home to GE, Diageo, Bridgewater Associates, and now FactSet, the building’s amenities, including the cafeteria, conference and fitness centers, and lobby have been redesigned to suit BLT’s ongoing goal to be “best in class.” The complex also features the latest in technology, communications and infrastructure, as well as outdoor patios, manicured courtyards and terraces, a helipad, and ample parking.
“The central location, amenitized environment and opportunity for highly visible branding at 45 Glover Avenue offered everything that FactSet was seeking in its new headquarters,” said Carl R. Kuehner, Chairman of Building and Land Technology. “We’ve created a truly first-class office experience here at The Towers at Merritt River and we’re pleased to welcome FactSet to 45 Glover Avenue.”
“45 Glover promises to be a fantastic place for us to serve our clients and the broader FactSet team,” said Phil Snow, CEO, FactSet. “The new facility will bring together our Norwalk-based employees in one building and provide a positive, collaborative environment for us to continue to deliver on our mission and build on our almost 40 years of success.”
Adjacent to the Towers campus, BLT is constructing a mixed-use development that will feature over 1,000 residential units, biking trails, and substantial new infrastructure. The Towers at Merritt River is also in close proximity to a vibrant Norwalk retail corridor with numerous stores, hotels, and dining options. “We believe that the commercial, residential, and retail offerings here will all feed off each other creating a true live/work/play environment for Norwalk,” added Leslie Whatley, Executive Vice President of BLT.
BLT was represented by Tim Rorick and Torey Walsh of Newmark Knight Frank in the transaction and FactSet was represented by Joseph Cabrera and Michael Gordon of Colliers International.
About Building and Land Technology
Building and Land Technology (BLT), founded in 1982, is a privately held real estate developer, manager and private equity firm. BLT is vertically integrated and has invested in, developed, owned and managed more than 25 million square feet of commercial, hotel and residential properties across 26 states. BLT is also the largest franchisee of Sotheby’s residential real estate brokerage, with 28 offices and 1,000 real estate agents. To learn more about BLT visit http://www.bltoffice.com.
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