X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NORWALK, CT-Building and Land Technology reports that Vertrue Inc., a membership marketing solutions firm, will be moving its corporate headquarters operations from two Stamford buildings to 82,215 sf of space at its 20 Glover Ave. property here.

George Thomas, with Vertrue Inc., says the firm plans to move out of leased space at 680 and 750 Washington Blvd. in Downtown Stamford to its new headquarters offices in Norwalk by the spring of next year. The firm will be shifting approximately 250 workers, he says.Vertrue Inc., which went public seven years ago and anticipates revenues this year of approximately $585 million, currently occupies approximately 60,000 sf in the two Stamford buildings.

The long-term lease with Vertrue brings the 230,000-sf 20 Glover Ave. building, which was the former headquarters of discount retailer Caldor Corp., to 100% leased. The property was completely renovated and upgraded by Building and Land Technology in 2000 and 2001. Other major tenants at the building include: Aetna, Peppers & Rogers, Megalife & Health Insurance, Progressive Insurance and Countrywide Home Loans. Michael Siegel, Steven Greenbush and Brooke Feder of CB Richard Ellis represented Building and Land Technology and Judd McArthur of Cresa Partners represented Vertrue.

Earlier this month, Building and Land Technology reported three new lease deals at 20 Glover Ave., including Aetna’s 11,550-sf lease. The health, dental and disability benefit plans provider relocated its satellite offices from 2700 Westchester Ave. in White Plains. The two other leases were with United Way of Norwalk & Wilton, which is relocating its offices from Wilton to 3,140 sf of space on the third floor at 20 Glover Ave., and Centerchem Inc., a chemical company, which expanded its presence at the property by 3,000 sf. The firm, which offers raw materials for research for development to the cosmetic, food and pharmaceutical industries, now occupies 12,000 sf at the building.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.