The lease deal is reportedly for 15 years. GE Energy FinancialServices is expected to take occupancy of its new space by January2009. An entity of Building and Land Technology of Norwalk acquired800 Long Ridge Rd. from Xerox on Dec. 29, 2006 in a deal valued atapproximately $55 million. In March 2007, Xerox announced that ithad signed a sublease for three floors--approximately 100,000 sf ofspace--with Hewitt Associates at Building and Land Technology's 45Glover Ave. building in Norwalk and had also signed a lease ofapproximately 7,000 sf at BLT's 901 Main Ave. in Norwalk. Bothbuildings are located in BLT's Tower's office complex. Xerox wasbelieved to have vacated the 800 Long Ridge Rd. building a fewmonths ago.

|

Sources say the deal between GE Energy Financial Services andBuilding and Land Technology closed in late December making it thelargest lease deal of 2007 in Fairfield County. GE Energy FinancialServices headquarters operations are currently housed at 120 LongRidge Rd. in Stamford.

|

[IMGCAP(2)]A representative of Building and Land Technology hadno comment expect to say that the firm was expected to issue apress release concerning its 800 Long Ridge Rd. property soon. KenKoprowski, a GE Energy Financial Services spokesman, had no commentwhen contacted by GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.