According to the Hartford Business Journal, the 307,000-square-foot Class A office complex at 1 Far Mill Crossing in Shelton is in foreclosure after HN Property Owner LLC defaulted on a $74.8 million loan. The property spans 68 acres and consists of three connected buildings, formerly leased entirely by Sikorsky Aircraft Corp., which terminated its lease on June 30. Following the vacancy, the owner failed to make a $111,148 payment due July 11, triggering legal action by the holders of securities backed by the loan, including U.S. Bank National Association. The complaint seeks foreclosure, immediate possession, and repayment of approximately $61.76 million still owed.

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