The Main Avenue building is owned by Applera and has been on the market for sale for approximately two years, according to company spokesperson Cynthia Griffin. She noted that the company signed a 10-year lease agreement at 301 Merritt 7, a seven-story, 205,000-sf building. Applera will occupy the entire fifth floor and a portion of the fourth, Griffin adds.
The relocation to the Merritt 7 property will involve less than a one-mile trip for its Norwalk workers. The relocation will impact Applera's 130 employees. Albert B. Ashforth represented Applera in the lease transaction.
Tony L. White, chairman, president and CEO of Applera Corp., commented on the deal, "This move fulfills our goal of consolidating Applera's Connecticut headquarters team into a single modern location where our various functional groups, including finance, accounting, legal, tax, human resources, information technology and support services can maximize their efficiency. The refurbished space will be outfitted with state-of-the-art communication tools to allow these groups to work seamlessly with our operating groups in California, Maryland, Massachusetts and around the world."
John Crosby, president of Albert D. Phelps Inc., which owns the Merritt 7 complex, said, "We are delighted to have a growing, cutting-edge company like Applera join us. We look forward to a long and successful relationship."
The announcement officially ends the sharing of space by Applera Corp. and PerkinElmer Instruments at both the 761 Main Ave. and 50 Danbury Rd. properties. Yesterday, GlobeSt.com reported that PerkinElmer Instruments, a former division of Perkin-Elmer and PE Corp., signed a lease for 245,000 sf of space at 710 Bridgeport Ave. in Shelton.
PerkinElmer Instruments is a strategic business unit of PerkinElmer Inc. of Wellesley. MA. Applera is headquartered in Norwalk and consists of two operating groups: The Applied Biosystems Group based in Forest City, CA, and the Celera Genomics Group, which is headquartered in Rockville, MD.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.