X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NORWALK, CT-It didn’t take long for Xerox Corp. to pull the trigger on its new corporate headquarters location. Less than three months after selling its corporate headquarters building at 800 Long Ridge Rd. in Stamford to locally based developer Building and Land Technology, the copier firm has confirmed it will be relocating its operations here.

A spokeswoman says Xerox has signed a sublease for three floors (approximately 100,000 sf of space) with Hewitt Associates at Building and Land Technology’s 45 Glover Ave. building. Hewitt is currently the sole tenant of the 250,000-sf property. She says the sublease transaction is for 10 years.

Xerox will also be shifting some personnel to 901 Main Ave. in Norwalk, another Building and Land Technology property. The spokeswoman says the company signed a lease for approximately 7,000 sf of space at the 360,000-sf office building that is also part of the Towers complex.

In total, Xerox will be shifting about 300 headquarters employees to the Norwalk locations by this summer, she says. “We really liked the building and the complex,” she says. “It really offered everything we were looking for.”

In particular, Xerox was attracted to the company’s location, near the Merritt Parkway and I-95, as well as to Metro North railroad and local bus lines. In addition, the copier firm expects to add its own signature signage to the 45 Glover Ave. property in the future.

There is some renovation work to be undertaken prior to the projected move-in this summer.

Xerox had conducted a search covering sites in the City of Stamford as well as outlying areas, including Westchester County, NY. The spokeswoman says that no incentives have been formally approved by the State of Connecticut, however, she says the state is aware of the company’s move to Norwalk. She did not comment on what if any incentives were offered to the company by New York State to cross the border.

On Dec. 29, Xerox closed on the sale of its 237,000-sf corporate headquarters building at 800 Long Ridge Rd. with Building and Land Technology in a deal valued at $55 million.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.