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According to the Hartford Business Journal, the 420,000-square-foot Stilts Building at 20 Church St. in Hartford sold for $8.25 million, representing an approximately 81% decline from its $44.4 million sale price in 2014. The property was transferred from Shelbourne CT LLC to LS Stilts LLC and Olymbec Stilts LLC, following an acquisition by a partnership that includes LAZ Investments, Greenwich Realty Partners, and Olymbec. The sale resolves a foreclosure situation that began in 2022 after litigation tied to a $31 million mortgage, with Wells Fargo later seeking repayment of a $25.7 million outstanding balance.

Click Here: Hartford’s Stilts Building traded hands for $8.25M, 81% below 2014 price for more information.