Cassum and O’Neil of HFF completes $100 million financing for Merritt 7, a six-building, 1.4 million s/f, class A office park

Norwalk, CT Holliday Fenoglio Fowler, L.P. (HFF) completed $100 million in financing for Merritt 7, a six-building, 1.4 million s/f, class A office park. 

The HFF team worked on behalf of the borrower, a separate account managed by Clarion Partners, to secure the five-year, fixed-rate loan through a correspondent life company. 

Merritt 7 comprises six buildings along Rte. 7, half a mile north of its intersection with the Merritt Parkway/Rte. 15 and three miles north of I-95. 

 

 

Situated on 22 acres along the Norwalk River, the property features on-site amenities such as shuttle service to the Merritt 7 Metro-North Railroad Station, a fitness center, conference centers, car care, two full-service cafeterias, Starbucks and a unisex salon. 

The buildings are 97% leased to a diverse tenant roster including General Electric, Factset Research Systems, Datto and Frontier Communications. 

The HFF debt placement team representing the borrower included senior managing director Riaz Cassum and senior director Lauren O’Neil.

HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. 

Clarion Partners, LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 35 years. Headquartered in New York, the firm has offices in Atlanta, Boston, Dallas, London, Los Angeles, São Paulo, Seattle and Washington, D.C. With more than $42 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 300 domestic and international institutional investors.