May 21, 2018
Deal Watch Today

Anthem's Wallingford HQ for sale

PHOTO| Gale Development
PHOTO| Gale Development
The Campus at Greenhill in Wallingford.

The troubled two-story Wallingford office building housing insurer Anthem Health and engineering firm Burns & McDonnell is on the market with the asking price withheld, brokers say.

Cushman & Wakefield announced its exclusive listing for the 288,000-square-foot Campus at Greenhill on 104 acres at 108 Leigus Road.

Potential buyers must register and sign a confidentiality pledge to get the asking price, said Jonathan Putnam, executive director in Cushman's downtown Hartford office.

As previously reported, New York commercial-realty debt tracker Trepp LLC declared in March that the building and the $24.5 million mortgage securing it had been in receivership since last September and was headed to foreclosure.

Swiss banking giant UBS was Greenhill's lender. As of 2014, Greenhill was valued at $34.4 million, Trepp said.
Anthem is Greenhill's lead tenant, occupying some three quarters of its office space, with engineering firm Burns & McDonnell a tenant in about 12 percent of its square footage, according to Trepp data.

According to Cushman's brokers, LEED-certified Campus at Green Hill features excess power and excess HVAC capacity, with an under-floor air distribution system. The building also has 100 percent backup power with built-in redundancy.

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