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March 8, 2021 On The Market

GE-anchored Windsor office building heading to auction


General Electric made headlines a few years ago when it announced it was relocating its corporate headquarters from Fairfield to Boston.

The move was a blow to the state, mostly impacting jobs in Fairfield County, where GE has the majority of its Connecticut operations.

But the company also has a lesser-known presence in Greater Hartford. Its energy technology business GE Power occupies the majority of space in a 142,831-square-foot corporate office building in Windsor, at 200 Great Pond Drive.

Why does it matter? Well, the three-story property is scheduled to be auctioned off April 5-7, through online auction firm Ten-X.

The current owner is Massachusetts real estate developer and investor Equity Industrial Partners (EID), which has listed a starting auction bid of $6 million.

EID purchased the property in 2019 for $3.4 million, town records show.

The property, which was originally built in 1990, recently underwent $6.7 million in renovations that included a modern fitness center, expanded cafe and new patio/courtyard, according to an online property listing.

The building is currently 90% occupied with two tenants. Global actuarial firm Milliman Inc. occupies 20,341 square feet in the property.

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