The lease deal is reportedly for 15 years. GE Energy Financial Services is expected to take occupancy of its new space by January 2009. An entity of Building and Land Technology of Norwalk acquired 800 Long Ridge Rd. from Xerox on Dec. 29, 2006 in a deal valued at approximately $55 million. In March 2007, Xerox announced that it had signed a sublease for three floors--approximately 100,000 sf of space--with Hewitt Associates at Building and Land Technology's 45 Glover Ave. building in Norwalk and had also signed a lease of approximately 7,000 sf at BLT's 901 Main Ave. in Norwalk. Both buildings are located in BLT's Tower's office complex. Xerox was believed to have vacated the 800 Long Ridge Rd. building a few months ago.

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

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