April 29, 2015
Deal Watch Today

Wheeler Clinic buys Gothic Park

Gothic Park

The Wheeler Clinic has stepped forward as the recent $2.4 million buyer of Gothic Park, one of Hartford's oldest midtown office complexes in the shadow of St. Francis Hospital and Medical Center.

As DWT previously reported, the winning online-auction bid for the twin-building complex on six acres at 43 & 49 Woodland St. was submitted a few weeks ago. Neither the buyer nor the sale price were disclosed at that time.

Wheeler confirmed its identity as buyer and the price paid on Wednesday.

As a tenant, Wheeler says it currently operates a broad range of programs at 43 Woodland St., serving nearly 2,000 children and families through outpatient and community-based services.

According to building details listed at Auction.com, the smaller, three-story 43 Woodland St. was built in 1867. The newer, five-story 49 Woodland opened in 1986. Together, they contain 54,476 square feet divided among 21 office suites.

The buildings are about two-thirds leased, the broker said.

The building also houses other health care practices and a law firm, who are expected to stay, Wheeler said.

Meantime, the new owner says it is assessing 49 Woodland St. to determine the best use of that historic building. Wheeler also provides services at 30 Arbor St., 590 Park St. and 999 Asylum Ave. in Hartford.

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