Hartford Business Journal

www.HartfordBusiness.com • November 16, 2020 • Hartford Business Journal 5 Former Bally's Total Fitness in W. Hartford to become storage facility A Florida real estate developer who recently purchased the former Bally's Total Fitness building on New Britain Avenue in West Hartford said he plans to convert the vacant facility into a 21st-century storage facility. Stephen Foley bought the property in October for $3.1 million, and plans to invest an additional $3 million to $4 million to convert the former gym into a 90,000-square-foot Extra Space Storage facility with 720 rental units. The project, which could debut in May, will include construction of four one-story buildings adjoining the current facility. Massive E. Windsor solar project draws agricultural concerns A proposed East Windsor solar farm that could be the largest in the Northeast is drawing some pushback from the agricultural industry. Several state officials, including Department of Agriculture Commissioner Bryan Hurlburt and Council on Environmental Quality Executive Director Peter Hearn, have expressed concern about the project's impact on Connecticut's shrinking supply of agricultural land. Gravel Pit Solar, a 120-megawatt solar installation backed by $50-billion global investment firm D.E. Shaw, would cover 485 acres and the majority of solar panels would be mounted on agricultural fields. Top Aetna exec Lynch named CEO of CVS Health The top executive of Hartford health insurer Aetna has been named the new CEO of parent company CVS Health Corp. Rhode Island-based CVS Health Corp. said its board of directors appointed Karen S. Lynch — currently executive vice president of CVS Health and president of Aetna — as the company's next president and CEO, effective Feb. 1, 2021. Lynch will replace CEO Larry J. Merlo who is retiring. Wallingford's Z-Medica sold for $500M+ A publicly-traded global provider of medical technology products has agreed to purchase Wallingford bleeding control gauze manufacturer Z-Medica from its private equity owners for at least $500 million. Pennsylvania-based Teleflex said it expects its acquisition of Z-Medica to close by year's end. The seller is Linden Capital Partners, which invested in Z-Medica in 2017. Z-Medica makes blood-clotting, or "hemostatic," products that control high-volume bleeding from gunshots during surgery and in other urgent trauma scenarios. Downtown Hartford specialty insurer relocates to suburbs RT Specialty, a wholesale distributor of specialty insurance with locations across the country, has left downtown Hartford and relocated to Farmington. The company has signed a 10-year lease for 23,858 square feet at 1 Farm Glen Blvd., according to CoStar. It also has an office in Bloomfield. RT Specialty moved from its location at 20 Church St. LATEST HEADLINES 107 Old Windsor Road, Bloomfield, CT 06002 (860) 242-8586 | Fax (860) 242-8587 www.pdsec.com PDS ENGINEERING & CONSTRUCTION, INC. THINK • PLAN • BUILD Spotlight on: Retail Munson's Factory Shoppe | Bolton, CT Total Project Size: 2,500 SF Another Successful Project by PDS DESIGN BUILDERS • GENERAL CONTRACTORS • CONSTRUCTION MANAGERS PDS completed exterior renovations to this Munson's Factory Shoppe for a new professional exterior appearance. This work included selective demolition, canopy façade, PVC trim covered columns, wood framing and roofing, bead board, water proof parapet, recessed tile for a new sign, LED lighting and two new cricket dormers with shingles. 1031 New Britain Ave., West Hartford. Z-Medica CEO Eric Compton. PHOTO | CONTRIBUTED Karen S. Lynch PHOTO | CONTRIBUTED

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