GE Energy Financial Services has taken a 15-year lease on Xerox Corp.”™s former Stamford headquarters, selling its current facility in Stamford to Building & Land Technology (BLT) Inc.
The deal was first reported by GlobeSt.com and later confirmed by a BLT press release.
For $55 million last year, Xerox sold its former headquarters at 800 Long Ridge Road to Norwalk-based BLT, subsequently subleasing space in a BLT-owned building in Norwalk from Hewitt Associates.
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BLT has now purchased GE Energy Financial Services”™ (GE EFS) property at 120 Long Ridge Road in Stamford, which features a 300,000-square-foot building and 60 acres of grounds. The companies did not disclose financial terms of the deal.
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BLT also owns adjoining properties at 260 and 292 Long Ridge Road.
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A subsidiary of Fairfield-based General Electric Co., GE EFS invests in a range of energy and power projects, such as a deal announced in early January to support the construction of what it says will be the largest single-roof solar power installation in the United States, at a Toyota Motor Sales USA Inc. parts center in California.
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GE Financial Services will relocate 290 employees to its new Stamford building, according to Alex Urquhart, CEO of the division.
