Last year’s relocation of telephone and internet service provider Frontier Communications Corp.’s 84,505-square-foot headquarters from Stamford to the Merritt 7 Corporate Park in Norwalk ”” the largest headquarter relocation in the county in 2015 ”” has been recognized as the 2015 Lease of the Year by the Connecticut and Suburban New York chapter of the National Association of Industrial and Office Properties (NAIOP).
The relocation was facilitated by a team from Newmark Grubb Knight Frank including Executive Managing Director Matt Leon, Executive Vice President and Managing Director James Ritman, Chairman Michael Ippolito and Senior Managing Director Jesse Weber, all of whom represented Frontier in the transaction.
“Finding a location that was efficient, convenient and fiscally effective, along with offering an attractive amenity package for its employees, was paramount for the company,” said Leon, Newmark’s liaison with Frontier.
“We are pleased that our corporate headquarters relocation from Stamford to Norwalk allowed us to maintain our commitment to Connecticut and, in particular, lower Fairfield County,” said Mark Nielsen, Frontier”™s senior vice president, general counsel and secretary.
This is the second year in a row that a Newmark deal has been honored with the NAIOP”™s Connecticut Lease of the Year award. Last year, Newmark’s transaction for Vineyard Vines”™ headquarters relocation to 91,040 square feet at 181 Harbor Drive in Stamford was recognized as the top lease.
