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Harbor Group Acquires Hartford Office Complex for $66M

HARTFORD, CT-In what was billed as the largest office building sale Downtown in the past 15 years, Harbor Group International has purchased State House Square, a 844,813-sf office complex here for $66 million.

By John Jordan | Updated on September 14, 2003

HARTFORD, CT-CB Richard Ellis reports it has brokered the largest local Downtown office building sale in the past 15 years with Harbor Group International’s $66 million acquisition of State House Square from Aetna Life Insurance Co.

State House Square is a 844,813-sf office complex located across from the Old State House. Constructed in 1987, the building features a 25,000-sf food court, Morton’s Steak House, a fully-equipped 48,000-sf health club, and a 450-car underground parking garage, as well as a variety of retail shops and amenities ranging from dry-cleaning to shoe-shine service.

John McCormick and Pat Mulready from the local office of CB Richard Ellis and Jeff Dunne, who heads CBRE’s New York Tri-State Investment Team, were the exclusive investment advisors for Aetna in the sale and also procured the buyer.

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