Hartford Business Journal

10 Hartford Business Journal • November 23, 2015 www.HartfordBusiness.com Rocky Hill's I-91 Tech Center sells for $12.2M R ocky Hill's I-91 Tech Center, sold bare- ly three years ago as part of a commer- cial realty investment package, has sold separately for $12.2 million, brokers say. Windsor's Capstone Properties bought Tech Center's stable of five, low-slung office buildings totaling 110,000 square feet at 795- 865 Brook St. from KS Partners of Boston/ New York. In 2012, KS paid New Boston Fund $62 million for a portfolio of five commercial properties in Rocky Hill's Corporate Ridge business park, Tech Center among them. Tech Center was built in phases from 1984 and 1990. Its tenants include MTU Aero Engines, the American Cancer Society, CERC, Connecticut Innovations Inc., Con- necticut Green Bank, Canon Business Solu- tions and Wireless Zone, according to the seller's broker CBRE-New England, which also brought Capstone to the deal table. Rob Hawkins, director of acquisitions/ asset management for KS, said the sale enables the seller to focus on its remaining three Rocky Hill properties that combined are "one of the premier locations in suburban Hartford." Capstone's five other Connecticut office and industrial holdings include the Farm- ington Mountain Office Park and 199 Scott Swamp Road, both in Farmington; 360 Bloom- field Ave. in Windsor; 1280 Blue Hills Ave. in Bloomfield; plus several Wallingford commer- cial properties along Research Parkway. Brad Baran and Mark Siegal are Cap- stone's principals. Cheshire office sale The Cheshire Hall office building sold recently for $2.4 million and will soon house an urgent-care clinic, brokers say. RPG Holdings LLC bought the 25,777-square-foot building at 1154 Highland Ave. from Marshall Enterprises LLC, according to the seller's Rocky Hill broker O,R&L Com- mercial LLC. RPG Holdings' realty brokerage affiliate, Reno Properties Group, represented it in sale talks. The town has approved RPG Holding's plan to convert the three- story building's entire first floor into medical office space, as a prelude to an urgent-care facility eventually occupying some of that space, O,R&L broker Richard Guralnick said. Cheshire Hall originally was built in 2004 to house a telecommunications com- pany. It is currently home to private soft- ware company Datalytics Technologies, which occupies about half the building. Goodwin's $750K buy Goodwin College bought a former East Hartford industrial building for $750,000, brokers say. The 43,983-square-foot building on 2.04 acres at 33 Leggett St. had been part of a seven-building sale-leaseback transaction that landlord New Boston Fund completed with BKM Total Office, according to the seller's broker Sentry Commercial. New Boston has now sold five of the seven prop- erties, brokers say. Sentry co-brokered with New York City commercial broker Newmark Grubb Knight Frank in representing New Boston Fund. New Britain broker Amodio & Co. Real Estate represented Goodwin College. ServPro's Bloomfield relo ServPro Industries Inc. recently paid $500,000 for the 53,416-square-foot Bloom- field industrial building and relocated there its restoration operations for residential and commercial properties damaged by fire, water or mold. The building at 100 Peters Road sits on 7.16 acres. Built in 1986, over the years it has been a storage depot for several moving companies, including for Nationwide Moving & Storage. Mr. Bloomfield LLC was the seller, according to sole broker Sentry Commercial of Hartford. According to ServPro's homepage, its Bloomfield operations have relocated to its new location from 43 Barber Pond Road. Chicopee space An 82,448-square-foot industrial building is for lease in Chicopee, Mass., brokers say. The building at 77 Champion Drive has nine tailgate lock doors, one drive-in door, and a 1,600-amp power supply. It is available for immediate occupancy, according to Hartford listing broker Sentry Commercial. n Gregory Seay is the Hartford Business Journal News Editor. Gregory Seay DEAL WATCH Cheshire Hall, 1154 Highland Ave. P H O T O | C O N T R I B U T E D

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