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NORWALK, CT-In a deal that will involve a relocation inside the Merritt 7 Corporate Park, Advantage Sales & Marketing has signed a seven-year lease for 24,671 sf of space at the 1.4-million-sf office complex. Albert D. Phelps Inc., the managing and leasing agent for the property, reports Advantage Sales & Marketing will relocate from 8,347 sf at the 301 Merritt 7 property to larger quarters at Building 501 in the park.

The company, a tenant at Merritt 7 for five years, will move into its new offices in January. Colin Reilly, first vice president of CB Richard Ellis, represented Advantage Sales & Marketing. Jo Ann Brennan McGrath, director of leasing for Albert D. Phelps, represented the building owner, Merritt 7 Venture LLC.

Merritt 7 Venture LLC is a joint venture between New York State Teachers’ Retirement System and Fairfield Investors Inc. ING Clarion Partners LLC is the asset manager for Merritt 7 Corporate Park.

Brennan says Albert D. Phelps was able to respond quickly to Advantage Sales & Marketing’s growth requirements by providing the firm swing space for immediate occupancy which was in move-in condition and built-out with new ceilings, lighting and flooring.

“Ownership is proactive in preparing vacant units of space so they are ready for immediate occupancy,” McGrath notes. “The landlord’s cooperation and ability to meet the tenant’s immediate space requirements was extremely beneficial to Advantage Sales & Marketing. It allowed them to focus on growing their business and not worry about space issues.”

Currently there is approximately 130,000 sf of space available for lease at the six-building complex. Major tenants at Merritt 7 include General Electric Capital Corporation, FactSet Research, Financial Accounting Foundation, Kodak, LaSalle Bank, Marsh USA, EMCOR, Merritt Hospitality, Siemens Business Services Inc., ABB Inc, Webloyalty.com, Kaiser Foundation Health Plan Inc., IPSOS, Arch Chemicals Inc. and Principal Financial.

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