Building & Land Technology buys 60,000 s/f CT corporate center.

Building and Land Technology announced its newest acquisition, the former corporate headquarters of Vectron, Inc. located at 166 Glover Avenue in Norwalk.

Vectron, Inc. was represented by Coldwell Banker NRT in the transaction.

The building contains approximately 60,000 s/f on two floors and is being completely renovated and upgraded by the new owner.

The extensive renovation work has already started and includes new exterior windows, a new lobby area, all new interior space and new landscaping.

Building & Land Technology President and CEO, Carl R. Kuehner, III said that his company "will be delivering new Class A office space which would be well-suited to a company looking to have its own identity."

Demand for 166 Glover Avenue is strong as the trend continues for many area companies to re-locate to, or expand within, Norwalk in search of state-of-the art construction and easy access for their employees. The building is located immediately off the Route 7 Connector near the intersection with the Merritt Parkway. Situated in the Merritt 7 office sub-market, the 2,800,000 square feet of existing Class A office space is virtually fully leased.

The property abuts the corporate headquarters of Tyco Healthcare/U.S. Surgical and is just north of Building and Land Technology's corporate campus known as The Towers.

Totaling over 1,100,000 s/f, The Towers consists of four Class A office buildings. The first building at The Towers is leased in its entirety to the North American headquarters of Diageo North America; the second building is leased to Hewitt Associates; and the third building at 901 Main Avenue, topped by a heliport, is leased to the headquarters of GE Commercial Finance, among others.