Sam Morreale, a partner in Vision Equities, says his firm, inconjunction with local investors and the Guggenheim Leveraged Fund,acquired the portfolio in an all cash deal. The portfolio consistsof 4, 6 and 8 Griffin Rd. North and 1 and 2 Waterside Crossing,which total 374,848 sf on nearly 39 acres. The properties arelocated in the 600-acre master-planned Griffin Office Center.

Jeffrey Dunne and Patrick Bisceglia of CB Richard Ellis' NewYork Tri-State Investment Team collaborated with John McCormick,Patrick Mulready and Robert Botters of CBRE's Hartford office torepresent the seller. The team was also responsible for procuringthe buyer.

At the time of sale, the portfolio, which was built between 1979and 1982, was 85.3% leased to 18 tenants including the US PostalService (92,468 sf), ABB, Inc. (34,417 sf), Hartford Fire InsuranceCo. (32,933 sf), Great American Insurance Co. (25,985 sf) andInfinity Insurance Co. (13,183 sf).

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.