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Buyer planning upgrade at complex.


Building and Land Technology announced its newest acquisition, the former corporate headquarters of Vectron, Inc. located at 166 Glover Glov´er

n. 1. One whose trade it is to make or sell gloves.
Glover's suture
a kind of stitch used in sewing up wounds, in which the thread is drawn alternately through each side from within outward.
 Avenue in Norwalk.

Vectron, Inc. was represented by Coldwell Banker NRT NRT Nicotine Replacement Therapy
NRT Norm-Referenced Test
NRT near real time
NRT Non-Real-Time
NRT National Response Team
NRT Tokyo, Japan - Narita (Airport Code)
NRT Net Registered Tonnage
 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 and new landscaping.

Building & Land Technology president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another.

intersection

a site at which one structure crosses another.
 with the Merritt Parkway . Situated in the Merritt 7 office sub-market, the 2,800,000 s/f 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 square feet, The Towers consists of four Class A office buildings.
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Publication:Real Estate Weekly
Date:Dec 13, 2006
Words:226
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