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HARTFORDBUSINESS.COM | MARCH 4, 2024 9 The company that builds and installs the critical systems in virtually every type of facility is the same company you can rely on to maintain them. For over over 50 years, our clients have trusted us to deliver end-to-end facilities solutions, so they can focus on their core business. We design, install, and maintain systems in: Industrial, Manufacturing, Commercial, Higher Education, Healthcare, and Pharmaceutical facilities. WE FOCUS ON YOUR FACILITIES— SO YOU CAN FOCUS ON YOUR BUSINESS. 860.871.1111 Toll Free: 800.741.6367 nemsi.com MECHANICAL | ELECTRICAL | PLUMBING | SHEET METAL | BUILDING AUTOMATION | FACILITIES SERVICES License #'s: E1-0125666 S1-302974 P1-203519 F1-10498 SM1-192 MC-1134 DEAL WATCH Guilford Savings Bank buys Edible Arrangements' former Wallingford HQ; new operations center planned By Hanna Snyder Gambini hgambini@hartfordbusiness.com G uilford Savings Bank has purchased a Wallingford office building with plans to open a regional operations center. The bank last month bought the 34,500-square-foot building at 95 Barnes Road for $3.46 million from 95 Barnes LLC and BroadPeak Properties LLC. The building had been Edible Arrangements' regional headquar- ters until the company relocated to Atlanta. The property will now become an operations center where Guilford Savings Bank employees who are working in branches, satellite offices or remotely can come together in one location, said Renee Pallen- berg, executive vice president and director of marketing. The new center "will support continued growth for the bank throughout Connecticut," Pallen- berg said, as Guilford Savings brings more hybrid workers back to the office to enhance "employee engagement." The new center should be oper- ational by year-end after some building renovations, she said. The number of employees who will work in the building is not yet deter- mined, bank officials said. The bank's headquarters will remain in Guilford, at 1 Park St. The bank has several branches along the shoreline but clients and employees statewide, Pallenberg said. Guilford Savings reported $1.1 billion in assets and 141 employees at the end of the third quarter of 2023, according to Federal Deposit Insurance Corp. data. It has eight branches in New Haven and Middlesex counties. There are no immediate plans to open new branch locations, Pallenberg said. Nancy Nesbitt, executive vice president and chief operating officer of AccuBranch, a sister company of East Hartford real estate firm Goman+York, was Guilford Savings' broker. She said bank leadership chose Wallingford for its central location, and that Guilford Savings plans to occupy most of the building, but may sublease some smaller spaces. Jennifer R. Gosselin, of CBRE, was the seller's broker. The property, built in 1986, had been a bank building before it was bought by Edible Arrangements. Guilford Savings Bank is opening a new operations center at this Wallingford office building, at 95 Barnes Road. PHOTO | COSTAR