Known as the Gold Building for its unique color, 755 Main St. is 26-stories and 99% leased with 28 tenants, including United Technologies Corp., Travelers, Connin, Reid & Riege and People's Bank, as well as Talcott. The rental rates were undisclosed, but Colliers Dow & Condon list the average rent at $19.10 per square foot in CBD.
Yates says in a statement, "People's United Bank's involvement is a reflection of how local and regional banks are aggressively filling the capital void left behind by the lack of appetite from life insurance companies and CMBS providers."
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.
