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June 24, 2024 / 2024 Power 25 Real Estate

2024 Power 25 Real Estate: Chris Ostop

Chris Ostop
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Chris Ostop is another top broker in Hartford, who is also making his mark in New Haven.

He’s a managing director in JLL’s Hartford office, responsible for local and regional tenant representation, consulting, agency leasing, and investment sales for office and industrial properties.

He serves as a leasing broker for major downtown buildings, including City Place I and One State Street, where law firm Robinson+Cole is relocating.

He’s also a leasing broker for Blue Back Square in West Hartford, and is involved in many office and life science projects in greater New Haven, including Square 10, a massive mixed-use redevelopment of the former New Haven Coliseum site.

Ostop and JLL have been part of some of the largest real estate transactions in Hartford over the years, including selling, on two separate occasions, City Place I, the city’s largest office tower. City Place last traded hands in 2015 when it was purchased by Boston real estate investment firm Paradigm Properties for $113.3 million.

JLL now represents Paradigm as the property’s broker.

A few years ago, Ostop turned some of his attention to the New Haven market, where activity from Yale University, Yale New Haven Health and Yale Ventures continues to spur demand for lab space, housing and other new development.

Ostop said activity in the traditional office and life sciences sector has picked up in the last 60 days. At the same time, hybrid work schedules are taking hold as more companies enforce their in-person work policies.

The three- to four-day in-office work requirement “is settling in as the new normal,” he said.

He predicts more office buildings will be converted to apartments in downtown Hartford, which will help the city grow its residential base.

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