Issue link: https://nebusinessmedia.uberflip.com/i/962388
12 Hartford Business Journal • April 9, 2018 • www.HartfordBusiness.com Source: CBRE/New England (special thanks to Jamie Faber), news reports, and municipal assessors' offices. Note: N/A = Not available or not applicable. —Compiled by Stephanie R. Meagher. THE LIST Largest 2017 commercial property sales in Greater Hartford Ranked by sales price FOCUS been shown to be as safe, or safer, than conventional construction. While ABC is not as common as conventional construction, its safety track record has been excellent. Improved safety derives from greater separation between construc- tion activities and highway traffic. Typically the construction of bridge components in ABC projects takes place off-site or in adjacent construc- tion staging areas well separated from motor-vehicle traffic. Q. How prominently will ABC be used in Connecticut going forward? A. ABC construction methodology will continue to be prominent in the future for DOT projects. There are ap- proximately 10 ABC projects currently in construction and 10 more in the design and pre-construction award phases. Significant ABC projects now in construction include the replacement of the Metro-North Railroad bridge over Atlantic Street in Stamford where SPMTs will transport pre-constructed bridge spans into place. The method was selected to minimize the tempo- rary closure time of Atlantic Street, a highly important transportation corridor between the Stamford train station and downtown Stamford. Also in construction is the reha- bilitation of the Route 8 southbound bridge in the Waterbury Mixmaster interchange where five of 21 bridge spans will be replaced during weekend traffic closures, with traffic diverted to a local street bypass. These ABC methods are being select- ed during preliminary design phases where analysis demonstrates a signifi- cant advantage in speed of construc- tion and reduction in overall traffic. While the construction bid price of an ABC-designed project may be slightly higher than conventional construction as a result of using spe- cialized heavy-lift equipment, it saves money as well. For example, shortened construction duration reduces DOT's overhead costs. Q. It's still early in the investigation, but were any lessons learned about ABC from the Florida bridge collapse? A. Regarding the Miami Florida International University pedestrian bridge collapse, it is premature to speculate on the cause or attempt to draw conclusions from the tragedy. Connecticut bridge engineers, how- ever, are attuned to the investigation undertaken by the National Transpor- tation Safety Board and await the find- ings and any lessons to be learned. But, to be clear, our conventionally built bridges and bridges built using ABC techniques are verifiably safe. >> Continued from previous page Largest 2017 commercial property sales in Greater Hartford (Ranked by sales price) Rank Property Sales price Square feet/ Other Buyer Seller Buyer's broker/ Seller's broker 1 ROC Senior Housing Fund Portfolio Hartford County $138,335,000 466,940 5 buildings ROC Senior Housing Fund Management LLC Columbia Pacific Advisors LLC N/A Marcus & Millichap 2 Winstanley Enterprises Portfolio Enfield $124,000,000 2,956,731 10 buildings Winstanley Enterprises LLC Hackman Capital Partners CBRE/NE CBRE Inc. 3 500 North St. Windsor Locks $50,000,000 N/A Winstanley Enterprises LLC ICAHN Enterprises N/A CBRE/NE 4 Metro Center One 350 Church St. & 150 High St. Hartford $49,000,000 524,544 2 buildings Shelbourne Global Solutions LLC The Fremont Group N/A CBRE/NE 5 Rivers Bend Apartments 1 Phaeton St. Windsor $44,500,000 373 units U.S. Residential Group LLC Equity Residential N/A CBRE/NE 6 NHP Foundation Portfolio Hartford County $41,250,000 403 units 3 buildings The NHP Foundation Beacon Communities LLC N/A N/A 7 The Pointe at Dorset Crossing 55 Dorset Crossing Drive Simsbury $36,500,000 168 units CS Management Blue Vista N/A Marcus & Millichap 8 Medical Arts Center 201 North Mountain Road Plainville $30,250,000 72,022 Physicians Realty Trust Tomasso Group N/A HFF 9 Jubilee Estates 96 Ledgecrest Ave. New Britain $21,250,000 300 units Up Realty LLC Netz Group LTD N/A N/A 10 Mill Commons Apartments 1 Millers Way Simsbury $20,900,000 176 units Beachwold Residential LandWorks Development Services Marcus & Millichap Marcus & Millichap 11 Capitol Center 370 Asylum St. Hartford $20,000,000 79,118 RBH Group N/A N/A N/A 12 Grove Hill Medical Center 300 Kensington Ave. & 1 Lake St. New Britain $16,000,000 118,878 2 buildings Inland Real Estate Acquisitions Inc. Starling Physicians N/A O, R & L Commercial 13 Trinity Hill Care Center 151 Hillside Ave. Hartford $15,200,000 51,572 N/A N/A N/A N/A 14 Storrs Center Phase II Retail 34-40 Wilbur Cross Way Storrs $13,100,000 34,500 205 units GDA Real Estate Services LLC LeylandAlliance LLC N/A Jones Lang LaSalle 15 25 Lorraine St. Hartford $11,500,000 82,924 N/A N/A N/A N/A 16 Ridgeview Heights Apartments Willington $11,150,000 140 units, 3 buildings N/A Mitlitsky Eggs LLC Chozick Realty Inc. Chozick Realty Inc. 17 76 New Britain Ave. Hartford $10,000,000 16,843 N/A N/A N/A N/A 17 Charter Oak Mall 934, 940 & 950 Silver Lane East Hartford $10,000,000 234,509 3 buildings CP Plaza Holdings LLC U.S. Bank N/A N/A 17 Woodlake at Tolland Nursing & Rehabilitation 26 Shenipsit Lake Road Tolland $10,000,000 65,000 MedEquities Realty Trust Inc. Prospect Medical Holdings Inc. N/A N/A 20 451 Main St. East Hartford $9,846,500 398,119 N/A N/A N/A N/A 21 Commerce Center One 333 East River Drive East Hartford $9,836,000 99,000 CWCapital Asset Management LLC Konover Commercial Corp. N/A N/A 22 Day Hill Technology 100 Helmsford Way Windsor $8,500,000 170,000 Winstanley Enterprises LLC Georgia Pacific Corp. CBRE/NE CBRE/NE 23 West Hartford Commerce Center 141-145 South St. West Hartford $7,750,000 113,510 N/A N/A New Haven Group Inc. New Haven Group Inc. 24 4 Craftsman Road East Windsor $7,700,000 126,111 STAG Industrial Inc. Industrial Property Trust Inc. N/A CBRE Inc. 25 River Bend Business Park Berlin $7,550,000 3 buildings Bradford Wainman The Hampshire Cos. Inc. N/A CBRE/NE Source: CBRE/New England (special thanks to Jamie Faber), news reports, and municipal assessors' offices. Note: N/A = Not available or not applicable. —Compiled by Stephanie R. Meagher.