According to the Hartford Business Journal, companies are continuing to migrate from the suburbs to downtown Hartford, despite high office vacancy rates. The Connecticut Association of Realtors recently moved to a 9,700 square foot space at 90 State House Square. Lease rates in downtown Hartford are significantly lower, averaging $21 to $25 per square […]
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According to the Hartford Business Journal, New Haven-based Svigals + Partners has been acquired by Philadelphia-based FCA, expanding their design services across multiple sectors including healthcare, education, and corporate workplaces. The firm will now operate under the name “Svigals + Partners, an FCA company,” with no staffing changes resulting from the deal. Svigals + Partners, […]
$6M State Funding Allocated for Clearing New Britain DPW Yard for Transit-Oriented Mixed-Use Project
According to the Hartford Business Journal, New Britain has secured a $6 million state grant to demolish buildings at its former Department of Public Works on Harvard Street and prepare the 3.1-acre site for redevelopment. The site, located near a CTfastrak bus stop, is planned to become a mix of multifamily housing and other uses. The city has tentatively chosen The Day […]
According to the Hartford Business Journal, Fusco Harbour Associates LLC sold the 418,595-square-foot office property at 555 and 585 Long Wharf Drive in New Haven to 555 Long Wharf LLC for $11.1 million. The new owner plans to maintain the building as Class A office space and invest in improvements such as elevator modernization and enhanced […]
According to the Hartford Business Journal, LNG Investments LLC, operating as Ercolano Cleaning and Restoration, purchased a commercial property at 3 Powdered Metals Road in North Haven for $3 million from Chedvah Enterprises Inc. and 800 OP Residence LLC. The new location, an industrial warehouse built in 1989, spans 28,160 square feet and sits on […]
According to the Hartford Business Journal, J.F.D. Tube and Coil Products Inc. has purchased an industrial building at 5 Hamden Park Drive for $800,000 from Jomar LLC. The 11,350-square-foot building, located on 1.15 acres in the Hamden Business Park, will undergo significant modifications before J.F.D. moves its operations there. The building, constructed in 1986, was […]