Hartford Business Journal

www.HartfordBusiness.com • November 2, 2020 • Hartford Business Journal 5 Hartford HealthCare unveils new downtown care-coordination center Hartford HealthCare officially unveiled its care-coordination center at its new downtown Hartford location at 100 Pearl Street. The center currently consists of a warren of offices in 60,000 square feet of space in the Pearl Street tower. As more workers are hired, an additional 20,000 square feet of office space will be utilized. A total of 500 workers will eventually fill the offices and coordinate care among the health system's 430 locations and 3,000 physicians statewide. Hartford HealthCare has invested "hundreds of millions" over the past decade in an advanced informatics platform to handle the job, the health system said. Shelbourne makes latest $4.3M Hartford buy A major Hartford developer has paid $4.3 million for the 12.5-acre North End lot and 10 buildings that were once the Fuller Brush Company. New York's Shelbourne Global Solutions announced its purchase and said it plans to improve the complex to boost efforts to connect the North End with downtown. The parcel, located at 3580 Main Street, consists of 10 structures totaling 326,000 square feet, with the historic main structure last renovated in 1997. Three of the structures are currently being used as office/flex/warehouse space and the other six buildings are being used as light industrial/warehouse. State to launch new $50M small business grant program Businesses and nonprofits with fewer than 20 employees, or a 2019 payroll of under $1.5 million, will be eligible for one-time $5,000 grants under a new program announced by Gov. Ned Lamont. The new Connecticut CARES Small Business Grant Program is designed to help small enterprises statewide that have been hurt by the COVID-19 pandemic and related downturn. The grants will be paid for with $50 million from the state's Coronavirus Relief Fund, which utilizes federal CARES Act funding. The Department of Economic and Community Development will administer the grants, which can be used for expenses including payroll, rent, utilities, inventory, machinery or equipment purchases, or the costs of compliance with state pandemic reopening regulations. Shipman & Goodwin managing partner to retire Alan Lieberman, managing partner of Shipman & Goodwin, announced that he will be retiring from the major Hartford law firm at the end of the year. Lieberman, a member of the firm's tax and employee benefits practice, has spent 38 years at Shipman & Goodwin and also serves as chairman of its management committee. "This is the right time for this change," Lieberman said. "The firm is well-positioned to emerge from the pandemic economy energized to continue as an institution known for its legal excellence, dedication to community and living its core values." Avon marketing firm joins trend to make Election Day a paid day off Avon marketing firm Adams & Knight is giving its employees a paid day off on Election Day, joining a national trend of companies seeking to encourage participation in the electoral process. All 52 of Adams & Knight's workers get a paid vacation day on Nov. 3, dubbed "Recommit to Making a Difference Day" by the company. The move was about encouraging participation and giving employees a much-needed break, CEO Jill Adams said. W. Hartford Center retail building sells for $2.2M A small retail building in the heart of West Hartford Center has sold for $2.2 million, records show. The one-story, 3,116-square-foot building at 21 LaSalle Road sold Oct. 18, to an undisclosed buyer. The seller was the Gelin Howard Living Trust, which took control of the property in 2016, property records show. Before that, Howard Gelin purchased the property in 1987 for $950,000, town records show. The LaSalle Road retail building has two tenants: Starbucks and Prai Kitchen. State preps employers for paid family and medical leave program The overseers of Connecticut's new paid family and medical leave program want to ensure employers are well- informed about the new mandate, as the January launch of a 0.5% employee payroll contribution looms. In the coming weeks, Connecticut motorists will see highway billboards highlighting the impending launch of the paid leave program. The Paid Family and Medical Leave Authority has also conducted nearly 40 webinars with employers, the most recent of which had nearly 1,000 virtual attendees, and it's also preparing a mass mailing campaign, said authority CEO Andrea Barton Reeves. NY realty investor pays $5.7M for S. Windsor distribution center Connecticut's hot industrial real estate market is getting interest from outside investors. New York City-based Ultimate Realty has made its first Connecticut purchase, paying $5.74 million for a distribution center in South Windsor. The 256,000-square-foot property at 1640 John Fitch Blvd., is 96% leased, according to Ultimate Realty Principal Michael Sabbagh. The property's tenants are J&J Tri- State Delivery Service Inc. and NEHDS Logistics. Sabbagh said his firm launched an industrial real estate platform earlier this year that is focused on buying last-mile distribution centers and is interested in more Connecticut acquisitions. Sentry Commercial represented the seller, Cohen Properties LLC, in the deal. Hartford's Insurity acquires CT billing firm Hartford-based Insurity, an insurtech that provides cloud-based software and services to more than 300 property and casualty insurers, has completed its fourth acquisition of 2020. Insurity, which is owned by private equity firm GI Partners and headquartered in the Colt Gateway campus, said it acquired Westport- based Bill It Now on Oct. 19, for an undisclosed price. Bill it Now provides cloud-based billing and other private-labeled services to insurers, agents and administrators in the P&C space. Gaylord debuts research center for rehab medicine A $5 million gift has helped Wallingford-based Gaylord Specialty Healthcare launch a new research center aimed at breaking ground in rehab medicine. The new Milne Institute for Healthcare Innovation will employ Gaylord experts in brain and spinal cord injuries, complex strokes, amputations and pulmonary diseases to advance care for recovering patients. Researchers at the Milne Institute will work with Gaylord clinical staff to innovate on technology and treatment to help care for patients recovering from illness and injury. LATEST HEADLINES 21 LaSalle Road in West Hartford was sold recently for $2.2 million. Alan Lieberman Hartford HealthCare CEO Jeffrey Flaks speaks at 100 Pearl St. in Hartford. PHOTO | CONTRIBUTED PHOTO | CONTRIBUTED

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