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December 30, 2024

Law firm to establish Glastonbury HQ following $1.5M office building purchase

COSTAR 500 Winding Brook Dr., Glastonbury
By Greg Bordonaro

A Glastonbury office building with a high vacancy rate has been purchased by a limited liability company traced to the partners of a Middletown law firm. 

The 60,500-square-foot office building, at 500 Winding Brook Dr., sold earlier this month for $1.5 million, land records show. 

The buyer was JASCA LLC, which is controlled by principals Brian and Christopher Flood, who are partners at Middletown-based The Flood Law Firm LLC, state records show. 

The plan for the property is to transform about half of the space into a modern, collaborative headquarters for The Flood Law Firm, according to Rachel Flood, the firm’s director of operations. The remaining space will be leased to other tenants.

The law firm will continue operating its other locations in Middletown, Waterbury, Danbury and Bridgeport, Rachel Flood said. 

Buffalo-based M&T Bank was listed as the seller of the property. According to town records, M&T Bank purchased the property this past September for $1.4 million.

Anna Kocsondy, Mike Puzzo and John McCormick, of CBRE, represented the seller in the deal. M&T Bank completed a public auction/foreclosure of the property in September and priced the building to sell by year end, McCormick said. 

Mike Stone, of Stonepoint Advisors from Middletown, represented the buyer.

According to CBRE marketing materials for the listing, up to 44,000 square feet of space in the building was available at the time of the sale. 

The three-story property, which is part of the Salmon Brook Office Park, was marketed as an “ideal owner-occupant repositioning opportunity,” according to marketing materials. 

It was built in 1982, sits on 5.27 acres and has on-site parking. 
 

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