The fund is national in scope searching for "value-addedopportunistic deals", Jordan Berns of TC Fund tells GlobeSt.com.The building is 71% occupied, most notably by the American CancerSociety, GSA and Webster Financial. Fusco-Meriden "developed thebuilding in the mid-80s", explains Berns, so part of the plan is torenovate and retenant the buildings to bring the leasing up tocapacity. Jeff Dunne vice chairman of Investment Properties at CBREexplains that Trammel Crow is going to "bring new capital in" andbring the building up to a 2008 standard.

Berns and Paul Barry represented the purchaser and CBRE'sInstitutional Sales group of Jeff Dunne, Pat Mulready, and JohnMcCormick handled the sale. Dunne was out of the Stamford office,while Mulready and McCormick handled the deal locally from theHartford office.

"The assets on the market are first class," comments Dunne."Crow has a good opportunity." The property is well-located, highlyvisible from the I-91, he continues, they have the fundamentals.The deal has a lot of potential for growth, especially in thecurrent climate of today's market. Dunne points out, "the price persf is great, you couldn't build it for double that."