Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

September 10, 2020 Deal Watch Today

Liberty Bank leases first downtown Hartford office

Photo | Contributed 100 Pearl St. in downtown Hartford.
By Joe Cooper

Liberty Bank says it's breaking into Hartford's office market after signing a 5-year lease at downtown’s 100 Pearl St. tower.

The Middletown-based bank on Thursday announced it recently signed a lease with landlord Shelbourne Global Solutions LLC to occupy 2,170 square feet at 100 Pearl for a new commercial lending office. It's not yet clear how many people Liberty will employ downtown, or when it will debut its new office.

Stephen Roche, Liberty's senior vice president and regional manager, in a statement said the bank’s new downtown office is part of its larger strategy to increase its footprint across the state.

Shelbourne Chief Operating Officer Michael Seidenfeld said that Liberty's new presence downtown "is a vote of confidence in Hartford and its future."

[Read more: Shelbourne hires Hartford's ex-development director]

Citing recent investments to renovate the 18-story, blue-glassed tower, the New York-based landlord on Thursday also announced that law firm Duane Morris has signed a lease to take over 2,000 square feet at the office building. Shelboune said that law firm Brown Paindiris & Scott, State Auto and the Greater Hartford Arts Council have all renewed leases for 3,100 square feet, 2,430 square feet, and 1,473 square feet, respectively.

Shelbourne said its recent "unprecedented boom in new leasing" at the 281,000-square-foot Class A office tower is also being spurred by Hartford HealthCare's decision to lease more than 81,000 square feet in the building.

“Shelbourne’s vision and investment in this building is paying off,” said Andrew Filler, a principal real estate broker with the Hartford office of commercial real estate firm Avison Young. “They have essentially made it one of the most desirable commercial properties in downtown Hartford."

The new and renewed leases at 100 Pearl is good news for downtown's office market, which has been in limbo during the COVID-19 pandemic.

Sign up for Enews

Most Recent

Most Recent

Related Content

Thumbnail Liberty Bank to revamp digital strategy with help from Florida firm
Targeted Expansion: With eye on small business growth, Liberty Bank readies debut of national ‘digital bank’
Thumbnail Liberty Bank to shed 10% of its CT branches
Thumbnail Liberty Bank institutes vaccine mandate

0 Comments

Order a PDF