The corporate headquarters relocation of Frontier Communications Corp. from Stamford to Norwalk’s Merritt 7 Corporate Park has been named the “2015 Lease of the Year” by the Connecticut and Suburban New York chapter of the National Association of Industrial and Office Properties (NAIOP).
Last year’s relocation of the telephone and internet service provider’s 84,505-square-foot headquarters to Merritt 7 Corporate Park was recognized as the largest headquarters relocation in Fairfield County in 2015. The company occupies space on the first and second floors of Building 401 on a lease that extends through 2026.
The award was presented by the Connecticut and Suburban New York chapter of NAIOP at its recent “Night of the Stars” gala in Greenwich. The annual ceremony honors notable accomplishments in the region’s commercial real estate industry.
The landlord was represented in the deal by David Fiore and JoAnn Brennan-McGrath of Marcus Partners and Tom Pajolek, Ned Burns, Steve Greenbush, and Bob Caruso of CBRE. Jesse Weber, Matt Leon and Michael Ippolito of Newmark Knight Frank represented the tenant. The award was accepted on behalf of Merritt 7 by Margaret Egan of real estate investment management firm Clarion Partners.
Merritt 7’s six buildings on a 22-acre campus are 94 percent leased. Major tenants include Datto, EMCOR, FactSet Research Systems and Siemens.