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Firm joins rush to Norwalk.

Building and Land Technology announced the signing of a major new lease for 82,215 s/f at 20 Glover Avenue in Norwalk to the corporate headquarters of Vertrue Incorporated.

Vertrue Incorporated is a leading membership marketing solutions company. It gives consumers exclusive access to significant discounts and exclusive services, spanning health care, personal finance, insurance, travel, entertainment, fashion and personal security for its members. In the seven years since it went public, Vertrue's business has grown over 30% and it anticipates 2005 revenues to be approximately $585 million.

Michael Siegel, Steven Greenbush and Brooke Feder of CB Richard Ellis represented Building and Land Technology in the transaction and Judd McArthur of Cresa Partners represented Vertrue Incorporated.

Building and Land Technology President & CEO, Carl R. Kuehner, III, said that he was "pleased to bring another large corporate headquarters to Norwalk".

20 Glover Avenue is a renovated historic office building that formerly served as the corporate headquarters of Caldor Corporation. The property was completely renovated and upgraded by Building and Land Technology in 2000-2001. Vertrue will be occupying state-of-the-art office space in its new corporate headquarters.

Vertrue Inc. is the latest in a series of companies which have recently chosen to relocate to, or expand within, Norwalk because of its easy access for employees and cost effective rent. Others include Diageo's North American corporate headquarters, FactSet Research System's corporate headquarters, Hewitt Associates' regional headquarters, General Electric Capital and Marsh, Inc. Diageo moved directly across the street from 20 Glover Avenue in February 2005.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U9CA
Date:Aug 10, 2005
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