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July 11, 2016 Deal Watch

100 Pearl's atrium undergoes a $250K refresh

“Fabian,'' a glass-and-metal work, is among the decorative improvements to the soaring entry lobby of 100 Pearl St. in downtown Hartford. PHOTOs | Contributed “Fabian,'' a glass-and-metal work, is among the decorative improvements to the soaring entry lobby of 100 Pearl St. in downtown Hartford.
140 Nutmeg Road North, South Windsor. 140 Nutmeg Road North, South Windsor.
29 Kripes Road, East Granby. 29 Kripes Road, East Granby.

Though it invested nearly $37 million more than a year ago to buy downtown's 100 Pearl St. office tower, owner Shelbourne Global Solutions LLC has spent a bit more to refresh the building's atrium.

In March 2015, Shelbourne bought the 17-story, glass-and-masonry tower from The Silverman Group of New Jersey. Shelbourne also owns a majority stake in the nearby 20 Church St. office tower, known as the Stilts Building.

According to New York-based Carrow Realty, 100 Pearl's property manager, the newest landlord spent nearly $250,000 to convert the atrium lighting to light-emitting diodes, plus hang new fabric tapestries to line the upper walls. Minor concrete repairs, too, were done in the building's underground parking garage, said Carrow Realty principal Charles Carrow.

But the centerpiece of the lobby additions is an Italian, glass-and-metal sculpture called a “Fabian'' hung from the ceiling of the three-story atrium, above the concierge desk.

SLAM's Woodbury schoolwork

Glastonbury's SLAM Collaborative has been hired to provide architectural-engineering services for the planned $68.3 million makeover of Woodbury's Nonnewaug High School

Typical of renovate-as-new school-building projects, the state provides funding for a portion of the renovation.

SLAM is working to digitize all building data to create a 3D model of the school, enabling school administrators and staff to assess space needs and other essential components of the project.

Construction is slated to begin in June 2017.

$1.3M S. Windsor sale

A 34,132-square-foot South Windsor industrial building brought $1.3 million in a recent sale, brokers say.

Vignola Realty acquired 140 Nutmeg Road North on 2.36 acres from seller DL Lynch Associates Inc.

Sentry Commercial was the buyer's broker in the sale

PCdata's E. Granby relocation; Airport Biz Center listed

PCdata USA Inc. has leased 4,080 square feet in one of the building's comprising East Granby's Airport Business Center for a planned relocation of its current operations in the town, brokers say.

The Netherlands logistics-automation vendor for global consumer-goods suppliers and industrial bakers will move by the fall into space in the 64,840-square-foot, multi-tenant business center at 25-27 & 29 Kripes Road, according to sole broker Sentry Commercial.

PCdata is currently housed at 99 Rainbow Road.

Airport Business Center III L.P. is landlord.

Meantime, the owner of East Granby's Airport Business Center has put its commercial-industrial property on the market.

According to listing broker Sentry Commercial, owner Airport Business Center III L.P. hasn't set a sale price.

Instead, it will rely on the marketplace to set value for the three buildings at 25-27 and 29 Kripes Road, totaling 64,840 square feet on 6.05 acres. ABC opened in 1987 and generates $326,000 of annual net operating income.

East Granby assessor's records show ABC's three buildings and acreage with a combined market value of $2.9 million as of the town's most recent 2013 revaluation.

Among ABC's larger tenants who have staked it to its current 97 percent occupancy are Pilot Freight Services and SNE Building Systems, Sentry said.

Gregory Seay is the Hartford Business Journal News Editor. Reach him at

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