Clarion Partners Acquires Phelps’ interest, Creates New Venture with Marcus Partners at 1.4MM sf Merritt 7 Corporate Park

Clarion Partners announced today that, on behalf of one of its pension fund clients, it has acquired the minority interest of its partner of over 15 years, Fairfield Investors, in Merritt 7 Corporate Park, one of the leading office parks in Fairfield County with over 1.4 million square foot, in six building Class A office buildings strategically located at the intersection of the Merritt Parkway and Route 7 in Norwalk, Connecticut.