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HARTFORDBUSINESS.COM | JULY 24, 2023 15 Financing for business success made Simple. bankatpeoples.com/businessteam Member FDIC/Member DIF $600,000 Equipment Line of Credit Construction Company Ludlow, MA $13,900,000 Commercial Mortgage Multifamily Colchester, CT $6,000,000 Equipment Line of Credit Trucking Company So. Deerfield, MA $5,475,000 Commercial Mortgage Retail Pharmacy Shrewsbury, MA $900,000 Term Loan Wholesaler So. Hadley, MA $217,000 Commercial Mortgage Residential Investment Middletown, CT Steve Parastatidis F I R S T V I C E P R E S I D E N T C O M M E R C I A L B A N K I N G Joseph Westcott F I R S T V I C E P R E S I D E N T C O M M E R C I A L B A N K I N G Chris Scott A S S I S TA N T V I C E P R E S I D E N T C O M M E R C I A L B A N K I N G buildings to meet workforce needs and requirements." The RFQ was posted on May 11, with a June 12 deadline for firms to submit responses. DAS is currently reviewing those submissions. The property at 450 Columbus Blvd., formerly known as Connecticut River Plaza, consists of two buildings, north and south towers that span a combined 575,000 square feet. The state purchased the property in 2013 for $34.5 million from a consor- tium of investors and completed a renovation in 2016. It had been mostly empty since its previous major tenant, United Healthcare, moved to City Place. Now, the complex houses about 800 employees from the Department of Revenue Services and Commis- sion on Human Rights and Opportu- nities, which moved to the 11-story South Tower in 2016. In addition, more than 1,300 employees from the State Office Building at 165 Capitol Ave., were relocated to the 15-story North Tower between 2016 and 2017. Also, the state has for years been consolidating offices near Bushnell Park, an area seen as key for the ongoing mixed-use redevelopment in the Bushnell South area. In 2021, the state listed properties it owns at 30 Trinity St. and 18-20 Trinity St. for sale. A development team is under contract to buy both Trinity Street buildings, with plans to convert them into more than 100 apartments. A former church property at 129 Lafayette St., which the state purchased in 2008, also was listed for sale in 2021. It has been consid- ered for various uses, including a performance venue. It's unclear what lies ahead for that property, but according to CoStar, it's under contract. A spokesman for the Office of Policy & Management said the state does not currently have any office buildings for sale. Efforts to sell state-owned office buildings mark a policy reversal from Gov. Ned Lamont's prede- cessor. Under the administration of former Gov. Dannel P. Malloy, the state became one of Hartford's most active landlords, purchasing both 450 Columbus Blvd., and 55 Farmington Ave., formerly owned by The Hartford. Those purchases were part of the Malloy administration's long- term strategy to reduce the state's real estate costs by consolidating more expensive leased space into state-owned facilities. The state will be consolidating more workers to the twin-tower office buildings at 450 Columbus Blvd., in downtown Hartford. PHOTO | COSTAR