Susan L. Stupin, managing director of the Prescott Group, saysthe purchase marks the firm's entrance into the Connecticut market.The Prescott Group is currently in the process of acquiring anational retail portfolio and a national multifamily portfolio.Those deals, she says, are expected to close in the next six toeight weeks. She adds that by the end of the summer, Prescott willhave closed or have under contract approximately $300 million inassets so far this year.

Prescott, the investment and asset management unit of realestate merchant banking firm the Prescott Group, is the majoritypartner in the new ownership of the building. Locally basedcommercial brokerage firm HK Group was a broker in the transaction.RiverOak Investment Corp. LLC of Stamford made an equity commitmentto the property along with Prescott. Debt financing was provided byJohnson Capital.

The two-building complex was built in 1977 and renovated in2000. At the time of the closing, the complex was 93% leased. Itsprimary tenants include Marriot International, MONY Group, HealthManagement Solutions and Northwestern Mutual.