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September 16, 2021

Assured Partners sign 7-year lease in Gold Building

PHOTO | COSTAR Alan Lazowski and Shelbourne Global Solutions bought the Gold Building in 2019 for $70.5 million.
By Terry Corcoran

The iconic Gold Building in downtown Hartford has signed a tenant to a seven-year lease for nearly 18,000 square feet.

Assured Partners acquired People's United Insurance Agency in 2020 and currently occupies 10,000 square feet of the former People’s United space in a short-term lease, according to building owners LAZ Investments LLC and Shelbourne Global Solutions.
 
Assured Partners will expand that to 17,800 square feet on the second floor and plans to move additional employees to Hartford from its current location in Rocky Hill when the new lease takes effect in February 2022, the owners said.
 
It comes on the heels of Sun Life Financial signing a lease for 47,000 square feet in the Class A office tower.
 
“I am thrilled to be adding this reputable company to a growing list of corporate tenants in the Gold Building,” said Alan Lazowski of LAZ Investments. “This new lease is a sign that our economy is rebounding from the pandemic and that interest in downtown Hartford is on its way back and poised to attract amazing talent.”
 
Combined with the Sun Life Financial lease, the signing of Assured Partners “is a strong indicator of the positive momentum in downtown Hartford,” said Michael Seidenfeld, COO of Shelbourne Global Partners, LLC.
 
LAZ and Shelbourne bought One Financial Plaza, a 26-story office tower nicknamed for its reflective exterior gold windows, for $70.5 million in 2019. The building has over 600,000 square feet of office space. Among its major tenants are LAZ Parking, Virtus Investment, Global Atlantic, KPMG, Travelers, Accenture, and Conning & Co.

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