Hartford Business Journal

May 3, 2021

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2 HARTFORDBUSINESS.COM | MAY 3, 2021 Biz Briefs HartfordBusiness.com | (860) 236-9998 Editorial Greg Bordonaro | Editor, ext. 139, gbordonaro@hartfordbusiness.com Matt Pilon | News Editor, ext. 143, mpilon@hartfordbusiness.com Beats: Real Estate/Economic Development, Banking & Finance and Government Liese Klein | Staff Writer, ext. 127, lklein@hartfordbusiness.com Beats: Health Care, Bioscience and Government Sean Teehan | Staff Writer, ext. 145, steehan@hartfordbusiness.com Beats: Manufacturing, Startups & Entrepreneurs, Technology, Higher Education and Transportation Zachary Vasile | Web Editor, ext. 128 zvasile@hartfordbusiness.com Beat: Energy Tim Doyle | Lead Researcher Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Christina Zuraw | Events Coordinator, ext. 134, czuraw@hartfordbusiness.com David Hartley | Senior Accounts Manager, ext. 130, dhartley@HartfordBusiness.com Daniel Schilke | Senior Accounts Manager, ext. 135, dschilke@HartfordBusiness.com Valerie Clark | Director of Audience Development, ext. 332 Jill Coran | Human Resources Manager Megan Mason | Operations Assistant, mmason@hartfordbusiness.com Production Christie Novotny | Production Director, ext. 147 cnovotny@hartfordbusiness.com Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Mary Rogers | COO/CFO, mrogers@nebusinessmedia.com Joe Zwiebel | Founding Publisher Subscriptions Annual subscriptions are $96.00. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@ cambeywest.com, or call (845) 267-3008. Advertising For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 100 Allyn Street, Suite 3, Hartford, CT 06103 Stay Connected For breaking and daily Greater Hartford business news go to: www.HartfordBusiness.com HBJ on Twitter: @HartfordBiz HBJ on Facebook: www.facebook.com/HartfordBiz HBJ on Linkedln:www.linkedin.com/company/the-Hartford- Business-Journal Daily e-newsletters: HBJ Today, CT Morning Blend: www. hartfordbusiness.com/enewsletters Hartford Business Journal (ISSN 1083-5245) is published bi-weekly, 27x per year — including two special issues in November and December — by New England Business Media, LLC, 100 Allyn Street, Suite 3, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Tel: (860) 236-9998 | Fax: (860) 570-2493 Copyright 2020. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O Box 330 Congers, NY 10920-9894 Radio Frequency Systems, Inc. has a position in Meriden, CT. *Product Line Manager [RFS-CT21- PLMG] – Sales Product Portfolio Management, analysis of product lifecycle end to end; engaging a sales engineering portfolio of Base station antenna and filters. 30% of Domestic Travel may be required. Resume to Attn: Jessica Ward, HR, 200 Pond View Drive, Meriden, CT 06450 & note Job ID# Bloomberg: Chubb walks away from The Hartford A fter three failed bids, Swiss insurer Chubb Ltd. says it's no longer interested in buying The Hartford. According to a report from Bloomberg, Chubb CEO Evan Greenberg said during a recent investor conference call that the company's "chapter" involving The Hartford is "closed." "We have moved along," Greenberg said. Chubb submitted three bids in an attempt to acquire The Hartford, and each was rejected by that company's board. Chubb initially valued The Hartford at $65 per share, or $23 billion. Two subsequent offers increased that amount to $67 per share and later $70 per share, according to disclosures by The Hartford. The Hartford's Asylum Hill headquarters in Hartford. The Hartford Athletic announced it has secured 39 corporate partners for its 2021 season. PHOTO | COSTAR PHOTO | CONTRIBUTED PHOTO | CONTRIBUTED Hartford Athletic brings on 39 sponsors for 2021 season The Hartford Athletic professional soccer club said it has secured 39 corporate sponsors for its 2021 season. Among that group are all five of the team's original founding sponsors — Trinity Health of New England, Stanley Black & Decker, The Hartford, Cigna and Travelers — and numerous other returning partners, such as Bank of America, PepsiCo and AARP, the team said. The team's owners also said they're working with 4FRONT, a marketing and consulting agency, in their search for a stadium naming rights partner to rename Dillon Stadium in Hartford, where home games are played. The team's first regular season home match will take place May 15, against the Pittsburgh Riverhounds SC. A conceptual map of a new park planned along the riverside area of the Hartford-Windsor town line. Riverfront Recapture buys 60-acre Hartford-Windsor parcel, plans community park Riverfront Recapture, the nonprofit that manages riverside parks in Hartford and East Hartford, has purchased 60 acres of riverfront land on the Hartford-Windsor town line and plans to build a new community park there. Riverfront Recapture officials said the property will be redeveloped for recreation, with new trails, open green spaces, piers and docks. A purchase price was not disclosed. Currently, plans for the property include the creation of "Garmany Cove," a 9-acre inlet where Riverfront Recapture plans to install a paddle sports and outdoor center, with rowing, kayaking, canoeing, dragon boating and stand-up paddle boarding all available. CT Lottery gets 15 responses in search for sports gambling contractor There are over a dozen applicants vying for the opportunity to administer the rollout of sports betting in Connecticut if it is eventually legalized, state officials announced. According to the Connecticut Lottery Corp., 15 entities responded to its request for qualifications, issued on April 12, seeking "experienced sports betting solution providers for online and retail sports wagering systems and services." The Connecticut Lottery is expected to hear presentations from respondents meeting the agency's standards, and finalists will be invited to submit formal business plans. Regulated sports betting and online gaming — debated for years as a means to boost state tax revenues — moved one step closer to reality when Gov. Ned Lamont recently signed a deal with the Mashantucket Pequot and Mohegan tribal nations laying out a tax framework for expanded gambling options. Winstanley sells 3 CT Stop & Shop- anchored properties as part of larger $295M portfolio deal Prominent Connecticut landlord Winstanley Enterprises has sold off a portfolio of 11 Stop & Shop-anchored properties, including three in the Nutmeg State, for $295 million. Combined the 11 properties contain 748,141 square feet of space. Massachusetts-based Winstanley Enterprises and Surrey Equities of New York bought the buildings just over a year ago as part of a 23-property portfolio. The buyer was Illinois-based The Inland Real Estate Group of Cos Inc. Stop & Shop-anchored properties in Cromwell (195 West St., sold for $23.9 million,), Willimantic (1391 Main St., sold for $27.9 million) and Seymour (15 Franklin St.) were part of the deal. The remaining properties were located in Massachusetts (five) and Rhode Island (three).

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