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December 16, 2024

Former Hartford Courant HQ headed to auction block

COSTAR 285 Broad St., Hartford
By Greg Bordonaro

It could soon be the start of a new era for the Hartford Courant’s former Broad Street headquarters. 

The 289,392-square-foot former home of the nation’s oldest continuously published newspaper is going up for auction. 

The 285 Broad St. office and industrial property has been listed on the online auction website Ten-X with a starting bid price of $700,000. The auction is scheduled for Jan. 27, 2025. 

The property has been on the sales block since March 2021, when it was listed for $6 million. It was put up for sale just months after the Hartford Courant announced it would shut down its brick-and-mortar operations and continue to operate on a remote basis. 

The Broad Street property is currently 23% occupied and remains the home of WTIC FOX-61. Real estate services firm Newmark is the listing broker. 

The property’s current owner, according to city records, is 285 Broad Street Hartford LLC, which is controlled by Jason Piel, who lists a Stamford business address. 

According to his LinkedIn page, Piel is a controller at Twenty Lake Holdings, a subsidiary of New York-based Alden Global Capital, which owns the Hartford Courant and several other U.S. newspapers.

285 Broad Street Hartford LLC acquired the property in 2018 for $6.9 million from Tribune Real Estate Holdings LLC, city records show.

According to the Ten-X listing, “285 Broad Street is a Hartford landmark,” with Class B office and industrial space that offers an “excellent value-add repositioning opportunity with the flexibility for a variety of end uses.”

The property, built in 1928, is equipped with three power feeds, three passenger elevators, two freight elevators, an atrium lobby, conference rooms, and training facilities, the listing said. It has 175,000 square feet of office space and 120,000 square feet of industrial space.

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