2 HARTFORDBUSINESS.COM | MAY 31, 2021
Biz Briefs
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Hartford Business Journal (ISSN 1083-5245) is published
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Anthem, Inc.
seeks IT Quality
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B
lue Back Square, West
Hartford's posh mixed-use
development, has been sold
to a new ownership group.
Greenwich-based Charter Realty
& Development Corp., which also
manages Evergreen's Walk in
South Windsor, said it has teamed
with Miami-based Rialto Capital
Management to purchase the
450,000-square-foot office, medical,
residential and retail center, located
adjacent to West Hartford Center.
A sales price was not immediately
available.
Charter bought the property at
65 Memorial Road from Starwood
Retail Partners, which has owned
the mixed-use development since
2013. Starwood originally purchased
it for $104.9 million, property records
show.
Blue Back Square is anchored by
Crate & Barrel, Cinepolis Cinemas,
West Elm and Barnes & Noble,
and also has several upscale
restaurants and retailers such as
The Cheesecake Factory, Fleming's
Prime Steakhouse, and World of
Beer.
West Hartford's Blue Back Square
sold
Blue Back Square is a mixed-use 450,000-square-foot office, medical, residential and retail center.
PHOTO
|
HBJ
FILE
PHOTO | HBJ FILE
Goodwin President Mark Scheinberg.
East Hartford-based
Goodwin University has
completed a $32 million
acquisition of most of the
University of Bridgeport's real
estate and academic programs.
The U.S. Department of
Education, Connecticut Office
of Higher Education and
New England Commission
of Higher Education all
approved the deal, under
which UB will function as an
independent institution with
its own leadership and board
of trustees under Goodwin's
ownership.
Goodwin University is led by
its founder and President Mark
Scheinberg.
Goodwin finalizes $32M Univ.
of Bridgeport acquisition
ProPark wins downtown
Hartford parking contract
Hartford-based ProPark Mobility
has won a public contract to operate
seven downtown parking garages.
Board members of the Capital
Region Development Authority
(CRDA) voted earlier this month to
award the five-year contract, which
totals nearly 7,700 parking spots, to
ProPark.
The garages covered by the
contract include the Connecticut
Convention Center and three other
facilities in Adriaen's Landing — the
Morgan and Church street garages
and soon-to-be-opened Bushnell
South garage.
ProPark, which has already been
operating the Church Street garage
adjacent to the XL Center, bested
three other final bidders, including
Hartford-based competitor LAZ
Parking, which had previously held
the contract for the Adriaen's Landing
facilities and the 3,683 total parking
spaces they contain.
Bidding was competitive, CRDA
board members said, with ProPark
offering to charge CRDA no parking
management fee over the five years,
producing savings of more than
$447,000 compared to the expiring
contracts.
