A Xerox spokesperson says the deal is structured to allow Xerox to remain in the 237,000-sf building until it finds new quarters. The copier company hopes to be in its new space sometime before year's end.
The transaction for the property at 800 Long Ridge Rd. and its adjoining 25 acres closed on Dec. 29. The potential sale of the property was first reported by GlobeSt.com in November.
The spokesperson says Xerox is looking to house a downsized corporate headquarters staff at a facility in the area. The company will be considering sites in Connecticut and New York State. The 800 Long Ridge Rd. building at one time accommodated about 600 Xerox workers. The firm now plans to transfer between 250 to 300 workers to its new HQ.
Carl Kuehner, president and CEO of Building and Land Technology, says his firm is waiting to see if Xerox decides to remain at 800 Long Ridge Rd., albeit in smaller quarters, or relocate elsewhere.
"It depends on what Xerox does," Kuehner says. If Xerox leases some space at the building, Building and Land Technology will convert the property into a multi-tenant facility. If Xerox vacates, the building could turn out to be a single-tenant property once again, he adds.
Kuehner says there is significant demand from larger users looking for space in Fairfield County, particularly firms from New York City.
Building and Land Technology is talking with Xerox about staying at 800 Long Ridge Rd. or relocating to some of its properties in the Merritt 7 corridor in Norwalk.
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