Issue link: https://nebusinessmedia.uberflip.com/i/1469633
10 HARTFORDBUSINESS.COM | June 6, 2022 DEAL WATCH will be transformed into amenity space for tenants. "Shelbourne is very committed to bringing quality housing and a transformative, mixed-use project to a crucial neighborhood of our city, which has been traditionally underserved and needs economic vibrancy," Michael Seidenfeld, Shelbourne's chief operating officer, said in a past interview about the project. "We believe this project will bring jobs, residents and a much better quality of life to the neighborhood." Based in New York, Shelbourne has either bought or been a partner in the purchase of more than $250 million in Hartford real estate over the past eight years, according to the company. Shelbourne said it has spent more than $30 million improving its Hartford properties. In mid-2020, Shelbourne and Waterbury-based Axela Group purchased for $22 million the former Red Lion Hotel at 50 Morgan St., with plans for an $8 million property renovation and conversion into 273 apartment units. Shelbourne is also a major partner in the Pratt Street mixed- use redevelopment and the largest office landlord in downtown Hartford, owning four Class A office towers. What's Sold Here's a list of recently sold commercial properties. Properties are listed in order of sales date. Property address City Sale price Property type Building sq. ft. Year built 404 N Main St Manchester $575,000 Multi-Family 5,200 1960 81 Commerce Rd Manchester $350,000 Land 43-60 Burt Latham Rd Willington $14,175,000 Student 90,000 1983 102 Putnam St Hartford $170,000 Specialty 3,852 1900 26 Barker St Hartford $274,000 Multi-Family 4,419 1917 110 W Dudley Town Rd Bloomfield $793,500 Flex 15,510 1969 691 Blue Hills Ave Hartford $200,000 Retail 1,408 1950 255 Myrtle St New Britain $6,950,000 Industrial 66,032 2000 109 Foster St Manchester $585,000 Multi-Family 7,494 1912 73 School St Bristol $320,000 Office 2,346 31-35 Dwight St New Britain $510,000 Multi-Family 11,466 1900 38 W High St East Hampton $500,000 Retail 4,876 1923 2257 Silas Deane Hwy Rocky Hill $390,000 Office 9,535 1985 89-93 Barbour St Hartford $380,000 Retail 7,936 1930 96 Connecticut Blvd East Hartford $315,000 Office 7,153 1892 1820 New Britain Ave Farmington $400,000 Industrial 9,781 1967 265 Ellington Rd East Hartford $6,700,000 Retail 147,358 1965 306 Locust St Hartford $650,000 Industrial 4,470 1965 105 West St New Britain $435,000 Multi-Family 6,405 1920 1 Hamilton Rd Windsor $1,900,000 Industrial 199,000 1967 767 Cromwell Ave Rocky Hill $1,500,000 Retail 2,408 2006 Your Local Cash Management Specialist Here to Help Your Local Business Flourish. Sherrie Dubois, Cash Management Specialist SDubois@ThomastonSB.com | 860.283.3651 Member FDIC ThomastonSB.com | 855.344.1874 ACH Origination, Positive Pay, Remote Deposit Capture & More SOURCE: COSTAR