The lease term is for five years and the company, the eighthlargest insurance intermediary in the US, is expected to move toits new offices in August. HRH is headquartered in Richmond, VA andhas 140 offices worldwide.

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"We are very excited about the move," says Jennifer Caldarella,president and CEO of HRH. "After an exhaustive site selectionprocess, our firm felt that Merritt 7 provided the best locationfor our growing organization. This relocation is part of along-term cost effective approach to ensure HRH's continued successand growth in Fairfield County." The firm and its affiliates haveoffices in Hartford, Shelton and Danbury in the Nutmeg State. BethChappel of CB Richard Ellis represented HRH in the transaction.

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JoAnn Brennan McGrath, director of leasing for Merritt 7, adds,"we're thrilled to be able to accommodate HRH's existing needs, aswell as allow for expansion space as their business continues togrow. We're seeing a trend of Stamford companies relocating toMerritt 7 because the property can offer tenants the benefits of anaccessible location, combined with new property renovations andgreat amenity package--all at highly competitive rents." In thepast two years Integrity Life Insurance, Financial Marketing Group,Barlow Group LLC and Connecticut Attorneys Title Insurance Co. haveall moved from Stamford to Merritt 7. The largest relocation fromStamford to Norwalk of late was the 2007 relocation of Xerox'sheadquarters from 800 Long Ridge Road in Stamford to 45 GloverAve., part of Building and Land Technology's The Towerscomplex.

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McGrath adds that HRH chose the property, which is owned by ajoint venture between the New York State Teachers' RetirementSystem and Fairfield Investors Inc., due to its proximity to theNorwalk Metro North train station, access to I-95 and the MerrittParkway and the recent renovations and upgrades that have beeninstituted at the complex. Among the capital improvements completedrecently include a new dining facility, a conference center andtenant fitness center that were added to the plaza level ofBuilding 301. McGrath says that there is currently approximately60,000 sf available for lease at the complex.

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John Jordan

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