January 16, 2019
Deal Watch Today

Enfield's MassMutual campus for sale

Photo | Contributed
Photo | Contributed
An aerial shot of MassMutual's campus in Enfield.
Photo | Contributed
MassMutual's 66-acre campus in Enfield.

Springfield insurer MassMutual has hung a "for sale'' sign on its sprawling, 66-acre Enfield campus. The asking price was not disclosed.

The property MassMutual has occupied at 100 Bright Meadow Blvd., since acquiring it in 2004, became expendable when the insurer announced last February that it would build a new Boston campus, increase its presence at their Springfield headquarters and close its Enfield campus. The moves are expected to add 2,000 jobs through 2021.

CBRE-New England, a regional commercial broker-investment property adviser, announced Wednesday that MassMutual has retained it to market the property to potential buyers worldwide.

CBRE said its Hartford brokerage team of John McCormick, Patrick Mulready, Anna Kocsondy and Tina Briggs will oversee the assignment in coordination with MassMutual's asset-management affiliate, Barings.

Originally built in 1983 as a regional campus for former insurer The Phoenix Cos., now part of Nassau Re, MassMutual bought the property in 2004.

Totaling approximately 430,000 square feet, the campus, visible from I-91, consists of three interconnected, four-story Class A office buildings. It has a 6,000-square-foot child care facility and a 1,460-car, six-story parking garage.

The buildings' amenities include a full-service dining area with catering and corporate meeting/conferencing facilities; a state-of-the-art executive-level client service area; fitness center with lockers and shower facilities; credit union/ATM; hair salon; and gift shop.

The property also offers a fully redundant power supply and backup generator, and a 5,000-square-foot data center that supports a sophisticated building operating system, officials said.

In 2005, MassMutual relocated its last 850 Hartford workers from its Garden Street complex, in the Asylum Hill neighborhood, to Enfield and Springfield.

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