- This topic is empty.
-
Posts
-
The Xerox Corp. headquarters in Norwalk, Connecticut, has been included in a four-building office portfolio sold for $58.5 million to an affiliate of Argent Ventures. The transaction comes at a loss for the previous owner, who had paid significantly more for the property—Norwalk Tax Assessor records show it previously traded for $83.3 million in 1995.
The Merritt 7 campus, home to multiple corporate tenants, remains a key location for Xerox, which continues to lease its headquarters space. Analysts say the sale highlights current pressures in the suburban office market, where even properties anchored by major tenants like Xerox are being sold below historical purchase prices. For investors, the acquisition represents an opportunity to own high-quality office space with stable tenants, while for Xerox, it reflects the trend of leasing corporate headquarters rather than owning.
- You must be logged in to reply to this topic.