CB Richard Ellis' Jeffrey Dunne collaborated with Randall Koladis and John McCormick from the firm's Hartford, CT. office to represent the seller, 330 Whitney Ave. Limited Partnership, an entity controlled by AFI Properties. The CBRE team, which originally sold the property to the former owner, was also responsible for securing the buyer, HRPT, a REIT with a 26 million-sf office portfolio located throughout the US.
The 100 Northfield Dr. office building was fully leased at closing, Dunne says. Commenting on the deal, Dunne relates, "This property is a great fit for HRPT's portfolio given its high-quality construction, great location and strong tenant roster."
The property's tenant roll includes Orion Capital, which leases 28,641-sf, St. Paul Fire & Marine Insurance, which has 21,735 sf, General Cigar Holdings with 16,200 sf, UNUM Provident Corp. at 15,994 sf and Lincoln National Life Insurance with 12,385 sf.
Dunne says that negotiations that led to the sale of the property began about five months ago. The 100 Northfield Dr. building, also known as Day Hill Corporate Park, was built in 1984. The property is located in the greater Hartford office market and is less than one mile from Interstate 91 and five miles from Bradley International Airport.
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