Nearly twelve years after first having leased space at MerrittView – and well in advance of its scheduled lease expiration – Nestlé Holdings, Inc. has extended the term of its 13,452-square-foot lease on three floors at MerrittView through 2020, according to Jeffrey H. Newman, executive vice president of Malkin Properties, the marketing and managing agent for the building. This is the second time that the internationally known food and beverage company, which first moved into the building in 1998, has extended its occupancy at MerrittView.
“It’s always great when a tenant renews a lease, but we are particularly gratified that a company as prestigious as Nestlé has committed to such long-term tenancy with us,” says Mr. Newman. “It demonstrates that good service to tenants really does pay off.”
Mr. Newman represented the landlord in this transaction. Nestlé represented itself.
Headquartered in Switzerland, Nestlé was founded in 1866 by Henri Nestlé and is one of the world's leading nutrition, health and wellness companies today.
Built in 1985, MerrittView is an eight-story, 255,000-square-foot trophy office building. Located at the intersection of Route 7 and the Merritt Parkway, near the Norwalk/Wilton border, MerrittView boasts beautiful river and woodland views. The centralized location also provides the convenience of immediate access to Route 7, Exit 40A and 40B of the Merritt Parkway, and the Metro-North Commuter Railroad.
MerrittView’s facade has alternating bands of brick and continuous windows. The structure encompasses a 6,400-square-foot plaza level, six full-size floors, and a 10,540-square-foot penthouse.
Recent and on-going building-wide enhancements include a newly redecorated lobby and common area corridors. Sustainable practices were incorporated into all recent upgrades, including the use of recycled content carpet and wallcovering and the use of adhesives and sealants with low or no VOC’s (volatile organic compounds).
Amenities include: 24-hour attended access; free shuttle van service for tenants to the South Norwalk Transportation Center and the Metro North Danbury spur; structured on-site parking; a tenants-only fitness center with state-of-the-art equipment and locker room facilities; a tenants-only multimedia conference center with wireless internet access; a renovated and expanded MerrittView Grille; complete telecommunications systems, including fiber optics, category 5 wiring, cable and wireless Internet access with a choice of several telecom providers; and an ATM.
In addition, the expansive plaza area was renovated and made more aesthetically attractive by the addition of “Coiffure,” an abstract steel sculpture by award-winning local artist Carol Eisner. The sculpture, made of rusted steel components and assembled from recycled stock, weighs more than 2,500 pounds and stands 10½ feet high.
Malkin Properties provides full turn-key deal-making and management services, including marketing, lease negotiations, design, construction, management and cleaning services, all performed in-house. Broker commissions are paid in full as soon as leases are signed.
Other Malkin trophy properties in Fairfield County are: First Stamford Place, a three-building, 810,000-square-foot office complex located along I-95, adjacent to the Stamford Transportation Center; and Metro Center, a 280,000-square-foot property at the Stamford Transportation Center.
Malkin trophy properties in neighboring Westchester County are: Ten Bank Street, a 225,000-square-foot, 12-story office building located in White Plains, one block from the White Plains Transportation Center; and 500 Mamaroneck Avenue, a five-story, 285,000-square-foot multi-tenant office building located in the surging I-287 East submarket in Harrison.
The company’s portfolio of suburban office buildings totals 1.85 million square feet of prime space in Westchester County and in Fairfield County, Conn.
Malkin Properties provides full turn-key deal-making and management services, including marketing, lease negotiations, design, construction, management and cleaning services, all performed in-house.
The firm is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste and recycling and indoor environmental quality initiatives.
Broker commissions are paid in full as soon as leases are signed. Malkin Properties is the real estate management, marketing and acquisition arm of the Malkin family, which has commercial and residential operations in seven states.
