Total Mortgage Services LLC has announced that in order to accommodate its growth and expansion plans, it has purchased Milford Place Corporate Center, a 143,802-square foot Class A office building located in Milford, Conn. The company plans to consolidate its growing production, marketing and operations teams into its new headquarters building, which is a substantial expansion over its existing space. Total Mortgage plans to move into its new headquarters in the fall of 2013.
“This is a significant milestone for Total Mortgage as well as the City of Milford. Total Mortgage was started in Milford 16 years ago and we are thrilled to have found a building that meets all of our needs so we can remain part of this special community,” said John Walsh, president of Total Mortgage. “Significant growth and expansion plans have resulted in our need for larger space. Our new headquarters will reflect Total Mortgage’s culture of responsible lending, integrity and insight. In addition, it will enhance the collaboration of our production, marketing, and operations teams to allow us to continue to deliver best-in-class mortgage solutions and service to borrowers throughout the country."
Total Mortgage has undergone significant expansion over the past three years. Currently licensed in 29 states and the District of Columbia, the company has plans in place to be a nationwide lender. Recently, the company opened two new retail branch offices in Fairfield, Conn. and Ridgefield, Conn., and is scheduled to open its first Arizona branch in the second half of 2013.
The purchase of Milford Place Corporate Center includes 16 acres of land, and a 143,802-square foot building with significant parking. The building is easily accessible, less than a half mile off Interstate 95 off Exit 36, and has been well-maintained by its previous institutional owner with a new HVAC system and recent lighting upgrades.