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May 16, 2016 Deal Watch

For $1.15M, GHAR buys ex-CTfastrak home in W. Hartford

PHOTO | Contributed The former home to Heublein Inc.'s R&D and the Crowley Chevrolet dealership at 430 New Park Ave.
PHOTO | Loopnet.com 300 Research Parkway, Meriden.

The Greater Hartford Association of Realtors has acquired a two-story West Hartford office building that was formerly a car dealership to relocate its headquarters from elsewhere in town.

GHAR paid $1.15 million for the 24,000-square-foot professional building at 430 New Park Ave., on the West Hartford/Hartford border.

Goman + York Property Advisors represented the Realtors' association in the sale and will serve as the property's leasing broker; broker-principal Andrew Filler, of Avison Young, represented seller New Park Avenue Associates.

Built by Heublein Inc. in the late 1980s to house its liquor research and development operations, car dealer Ken Crowley acquired it in the early 2000s, to expand his Chevrolet dealership. It most recently housed administrative headquarters for the state's CTfastrak bus rapid-transit system.

GHAR is currently housed at Corporate Center West, 433 South Main St.

Its new home will include a classroom area as well as 6,000 square feet on the second floor for GHAR administrative staff and tenants, GHAR 2016 Board President Joanne Breen said.

“The location has excellent highway access to I-84 and ample parking for members, future tenants, and their customers,'' Breen said. “This-up-and-coming area on the north side of the 'home design district' is a great fit for the association and we are excited about the transition.”

According to buyer's broker Tom York, GHAR plans major renovations to reconfigure the building to accommodate paid office and/or retail tenants in 12,000 square feet of first-floor space that was once a showroom. The site also offers ample free parking.

The space offers high open ceilings and tile flooring and can be used for retail or loft-style offices, York said. Improvements will include installation of a new atrium wall in the lobby.

WBDC’s Hartford sublease 

The Women's Business Development Council of Connecticut (WBDC) has opened a satellite Hartford office in downtown's CityPlace I, 185 Asylum St.

WBDC has sublet about 1,000 square feet of office space from law firm McCarter & English LLC through an “in-kind'' arrangement, said the firm's Managing Partner Eric Grondahl.

WBDC senior program manager Amanda Allen and program specialist Courtney Gotshall will staff the office.

WBDC CEO Fran Pastore, along with several state lawmakers and others, are scheduled to attend a May 25 ribbon-cutting for the office.

WBDC's mission is cultivating female business leaders and strengthening the economy of the state.

$650K Meriden sale

An empty, three-story building on Meriden's Research Parkway has sold for $650,000, brokers say.

Hills Realty Management LLC bought the 35,020-square-foot building on 4.77 acres at 300 Research Parkway in early February from Joseph Barker Enterprises, according to seller's broker Colliers International. Cushman & Wakefield represented the buyer.

Tradeport space available

Three contiguous warehouse-flex suites totaling 26,500 square feet are available at the New England Tradeport, near Bradley International Airport.

According to landlord Griffin Industrial Realty, the 600-acre complex straddling the Windsor-East Granby border has available two 10,000-square-foot suites, plus a single 6,500-square-foot suite.

The suites offer 22-foot clear ceiling heights; five expandable docks and one drive-in door.

Windstream’s E. Htfd. space

Arkansas' Windstream Communications has leased 4,366 square feet of flex space on Roberts Street in East Hartford, brokers say.

The voice- and data-communications provider in early February signed a lease for space at 111 Roberts St. with landlord David Associates, according to landlord's broker Colliers International.

Deal Watch wants to hear from you. E-mail it, along with contact information to: gseay@HartfordBusiness.com.

Gregory Seay is the Hartford Business Journal News Editor.

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