Hartford Healthcare, which has been aggressively expanding its footprint by adding hospitals and doctor's practices to its burgeoning care network, is on the verge of planting its first flag in downtown Hartford, people familiar with the situation told HBJ Today.
The parent of Hartford Hospital is close to signing a lease for about 25,000 square feet in the One State St. office tower located in the heart of the central business district, say those people who asked not to be named because they aren't authorized to publicly discuss the move.
Hartford Healthcare, which is currently undergoing a $61 million expansion and renovation on its campus on Seymour Street, will likely be moving administrative offices into the newly leased space, sources said.
A lease has not been officially signed yet, sources said, but it is nearly a done deal.
Hartford Healthcare officials did not immediately respond to a request for comment.
The move will be a breath of fresh air for the downtown Hartford commercial real estate market, which is experiencing high levels of vacant space, particularly in Class A office towers.
The 486,162-square-foot One State St. office tower is owned by Hines Interest and bounded by State Street, Columbus Boulevard, Kinsley Street and I-91.
The building's major tenants include specialty insurer Hartford Steam Boiler, UBS Americas, and law firm Bingham McCutchen.