According to the Hartford Business Journal, Shelbourne Pratt Development LLC reached a proposed settlement with the City of Hartford that would significantly reduce the assessed values of the office and retail properties at 218-260 Trumbull St. and 42 Pratt St. in downtown Hartford, while also providing refunds for prior property tax overpayments. The properties were acquired in 2023 for $4.75 million by an affiliate of Shelbourne Global Solutions, and the larger 193,845-square-foot building at 218-260 Trumbull St. was reported to be 47% vacant at the time of appraisal. Under the agreement, the assessed value of 218-260 Trumbull St. would be reduced to $4.01 million and the value of 42 Pratt St. would drop to $2.43 million, representing reductions of more than 35% for each property.

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