Currently viewing the category:
"Commercial Transactions"
My colleague Brian Dowling reports:
The state’s plans to locate a building materials manufacturer in the old Quebecor complex in North Haven have collapsed, but the company still intends to establish operations in Connecticut under the state’s “First Five” program.
The partnership between Australia-based Weeks Group and Arizona-based Diverse Systems Group fizzled [...]
A major chunk of Rocky Hill’s Corporate Ridge office park — three office buildings and five “flex” buildings — has been sold for $65 million, the largest Greater Hartford office portfolio to sell since the same properties sold a dozen years ago.
KS Partners purchased the 620,000-square-foot portfolio from New Boston Fund, which has owned [...]
National Default Servicing, LLC has leased 25,000 square feet of office space in Meriden in the former International Silver Co. headquarters.
The 430,000-square-foot building at 500 South Broad St. is on the Wallingford line and is about 90 percent occupied. Fosdick, which processes and warehouses merchandise, is one major tenant.
Frank Hird and Steve Foote [...]
When CareCentrix accepted a state “First Five” incentive package in late June to move to downtown Hartford, there was the prospect for a good size chunk of office space opening up at the company’s current headquarters in the 111 Founders Plaza tower in East Hartford.
The company isn’t moving to Hartford until later this year, [...]
Lincoln Financial Group, a major employer in downtown Hartford, has signed a 5-year lease extension at its current headquarters, following a search of other potential locations in the city.
“Ultimately, we decided this was the best spot for Lincoln and its employees,” Jay Russo, a Lincoln spokesman in Hartford, said, citing the downtown location and [...]
Broadcasting is returning to Constitution Plaza and downtown Hartford.
Back 9 Network, the start-up golf lifestyle network, is finalizing a 10-year lease for 10 Constitution Plaza, and it will invest nearly $8 million to outfit the former restaurant space in studio for its debut broadcast early next year, James Bosworth, the network’s founder and chief [...]
Miss Porter’s School has closed on the purchase of Farmington’s first grist mill, most recently the location of a long-operating restaurant, according to brokers involved in the transaction.
The purchase price for the property at 44 Mill Lane was $810,000.
Miss Porter’s issued this statement in response to an inquiry for comment: “We look forward [...]
An investor has picked-off two, fully-occupied commercial buildings on Meriden’s Research Parkway at below the asking price.
The buildings — 355 and 367 Research Parkway — sold for $6.3 million. The original asking price was $7.3 million.
The sale is another sign of growing investor interest in commercial buildings that are nearly fully occupied [...]
A German company that designs and manufacturers framing, conveyor, guarding and linear motion systems, is expanding its North American headquarters and plant in Bloomfield and plans to add jobs.
mk North America, Inc., a unit of mk Technology Group, has purchased 125 Highland Park Drive in Bloomfield — a 15,000-square-foot industrial building — for [...]
A civil engineering firm has leased nearly 7,000 square feet of office space at Corporate Ridge in Rocky Hill.
United International Corp. will occupy space at 55 Capital Blvd., one of three, four-story office buildings at the office park which is owned and managed by private equity real estate firm New Boston Fund.
New Boston [...]
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