Norwalk: Hearst Connecticut Newspapers have consolidated their office into a regional headquarters at Merritt 7 Corporate Park, Norwalk. Hearst has signed a new 11 year lease for 30,251 square feet in building 301 in the six building, 1.4 million square foot office complex.
Margaret Egan, Senior Vice President, Clarion Partners the owners of Merrit 7 said, “this brings their entire Fairfield County workforce to a Class-A workplace environment, allowing Hearst to optimize its operations."
Clarion’s announcement of the lease said, that The deal is he largest lease closed in the central Fairfield County market in the fourth quarter of 2016.”
Hearst is expected to take occupancy on April 1, no fooling.Paul Barbetta, president of the, Hearst Connecticut Media Group, praised the location "the impressive space, convenient location, abundant on and off-site amenities, and attentive ownership and management team, are second to none.”
Merritt 7 will serve as the location for the organization's regional corporate headquarters, senior management and staff, finance, human resources, circulation departments, and additional corporate functions.
Hearst Connecticut Media will keep bureau offices for news reporting and advertising sales in Bridgeport [including printing presses], Danbury, Stamford and Greenwich. Hearst's Fairfield County newspapers include the Connecticut Post, based in Bridgeport; The Advocate, based in Stamford; Greenwich Time, the Norwalk Hour and The News-Times, based in Danbury.
Clarion was represented internally by David Fiore and JoAnn McGrath of Marcus Partners, and the outside CBRE leasing team of Tom Pajolek, Ned Burns, Robert Caruso and Stephen Greenbush. Tom O’Leary and William Montague of Cushman & Wakefield represented Hearst.
With the completion of the Hearst transaction, Merritt 7 is 97% leased.
Major tenants at Merritt 7 include Datto, EMCOR, FactSet Research Systems, Financial Accounting Foundation (FAF), Jarden, IPSOS, Mercer, Millward Brown, Frontier Communications, Aon, Xerox, and Siemens.