301-601 Merritt 7, a four-building office park in the New York City suburb of Norwalk, Connecticut, was sold for $58.5 million.
The property covers 945,000 square feet within the larger six-building, 1.5 million square feet Merritt 7 complex. The property is the headquarters for companies including of Xerox, Terex, Emcor, Hearst Connecticut Media Group, Common Fund, Datto/Kaseya, MBI, and LBB Specialties.
CBRE represented the seller, Merritt 7 Venture LLC, and procured the purchaser, an affiliate of Argent Ventures, a New York City-based real estate investment and development firm.
“301-601 Merritt 7 provides a conveniently accessible, highly amenitized property for high credit, discerning tenants,” said CBRE Vice Chairman Jeff Dunne. “We expect Argent to perform well in leasing the balance of the vacant space in the building.”
Photo courtesy of Clarion Partners
