Jeff Dunne, Bob Daglio and Bill Bronson of CBRE's Hartford office led the representation team. Each building in the park is leased to a single tenant. They are Otis Elevator, GSA, RM Services and East Hartford Dialysis Center.
"This deal provides a stable cash flow from a quality tenant roster," comments Dunne. "The Founders Park area is one of the preferred submarkets of suburban Hartford."
The Tri-State Investment Team, including partners Chris McManus and Jim Tully, has recently closed on 1405 and 1425 Route 206 in Bedminster, NJ for $53.3 million; Garden City Plaza in the Town of Hempstead on Long Island for $43.5 million; Reservoir Corporate Center in Shelton, CT for $22.4 million; 104 Corporate Dr. in White Plains for $11.2 million; the former Macy's in Downtown White Plains for $17 million; and the Koeger Center in Tampa, FL for $28 million.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
