SHELTON, CT-Managed care provider Health Net of the Northeast Inc. has signed a 10-year lease for 33,078 sf of space at 4 Research Dr. here. The new lease deal is an expansion for the firm, which maintains its headquarters at One Far Mill Crossing in Shelton. The company is a subsidiary of the Los Angeles-based Health Net Inc.

Cushman & Wakefield’s Thomas J. O’Leary, senior director, represented Health Net. Kevin Foley, senior director, and Sean McDonnell, director, of Cushman & Wakefield represented the owner, Reservoir Corporate Group. Health Net plans to house its information technology and the appeals and grievances groups at the 145,000-sf building. Cushman & Wakefield officials say the company expects to create approximately 150 new jobs in the region with this expansion program. The firm is expected to move into the property by the end of this month, C& W’s O’Leary says. With the deal, 4 Research Dr. is about 85% leased.

It was a good location “because of its close proximity to their Northeast headquarters at One Far Mill Crossing,” O’Leary says. “This will mark the third Shelton location for the company.” In addition to its headquarters and new space at 4 Research Dr., the company also has operations at 100 Beard Sawmill Rd. in Shelton.

Health Net employs approximately 1,800 associates in Connecticut, New Jersey and New York. The company, through its subsidiaries, offers full-service health plans that serve nearly one million members in the tri-state area.

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?


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



Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.