Hartford’s Metro Center Draws Flurry of Buyer Interest

by Categorized: Uncategorized Date:

Downtown Hartford’s  Metro Center came on the market two weeks ago — and it has already drawn interest from dozens of potential buyers.

Hartford’s Metro Center is again up for sale. Photo by Patrick Raycraft/praycraft@courant.com

The New York real estate firm handling the sale told me today that 60 potential buyers have asked for more information. Bids for the 12-story, 294,000-square-foot tower on Church Street are due in mid-December, according to Rockwood Real Estate Advisors’ managing director Thomas Dobrowski.

Dobrowski said there is no firm asking price for property but the target is about $80 a square foot, or roughly $23 million.

Metro Center was built in 1986 and is currently 83 percent leased. Lincoln Financial, the anchor tenant, recently renewed its lease in the building.

A year ago, Metro Center had been on the market, but was pulled off as Lincoln considered whether it would renew its lease.

Northland Investment Corp. lost the tower, its first purchase in Hartford, to foreclosure in 2011.

The Courant is using Facebook comments on stories. To comment on courant.com articles, sign into Facebook and enter your comment in the field below. Comments will appear in your Facebook News Feed unless you choose otherwise. To report spam or abuse, click the X next to the comment. For guidelines on commenting, click here.