The Silverman Group sells Trumbull 'flex' park for $26.7M

PHOTO | Contributed 66 N. Plains Highway, Wallingford.

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The New Jersey landlord preparing a makeover of The Hartford's former suburban Simsbury office campus recently reaped $26.7 million in the sale of a five-building Trumbull portfolio, brokers say.

The Silverman Group sold Trefoil Park, an office/laboratory/flex park at 35 Corporate Drive, to 265 West 34th Street LLC, according to broker Cushman & Wakefield, who says it located the buyer.

The five are comprised of: 35 Corporate Drive (three stories and 54,899 rentable square feet); 55 Corporate Drive (three stories and 47,264 rentable square feet); 126 Monroe Turnpike (two stories and 44,221 rentable square feet); 30 Trefoil Drive (single story and 45,615 rentable square feet); and 204 Spring Hill Road (single story and 40,675 rentable square feet).

According to Cushman, Trefoil Park is 95 percent leased to 37 corporate and industrial tenants, among them Sun Products Corp.; Enthone Inc.; Ocean and Coastal Consultants; Liberty Mutual; and Bright Horizons Children's Centers.

Late last December, Silverman Group purchased The Hartford's former 173-acre campus at 200 Hopmeadow St. from the Hartford property-casualty insurer. Silverman has since applied to the town to raze the 625,000-square-foot office building, to make way for a mixed-use development of commercial and residential space on the site.

In March 2015, Silverman Group sold the 17-story office tower at 100 Pearl St. in Hartford for $37 million to Shelbourne Global Solutions LLC of New York.

$375K Wallingford sale

Connecticut Plumbers & Pipefitters Apprenticeship School sold its Wallingford office condominium to American Trade Services LLC for $375,000, brokers say.

American Trade will use the 10,000-square-foot space at 66 North Plains Highway for its headquarters.

Rocky Hill's O,R & L Commercial LLC represented the seller in the deal.

HPATV studio redo

Hartford Public Access Television has completed a $357,000 makeover of its midtown studios and installed modern broadcast hardware.

The upgrade focused mainly on renovating and re-equipping its outdated, 4,500-square-foot studio with new lighting, cameras and digital-broadcast gear at 20-28 Sargeant St. that HPATV's staff of seven has occupied since September 2002, studio executive director Gil Martinez said. HPATV has been on air for 40 years.

Integrated Solutions was lighting contractor. Unique Media Systems oversaw the control-room upgrades.

The studio obtained an approximately $195,000 equipment grant from the state's Public, Educational and Governmental Programming and Education Technology Investment Account Fund.

In addition, the Hartford Foundation for Public Giving provided $187,000 for new professional recording cameras, lighting grids and lighting equipment in both of its studios.

HPATV airs on Channels 5, 95 and 96 on Comcast; and Channel 99 on Frontier. The studio is open to city residents eager to sign up for production training and to submit proposals for new programming.

Cheshire office leases

St. Mary's Hospital and IAT Reinsurance Co. Ltd. have leased space at 1154 Highland Ave. in Cheshire.

St. Mary's signed for 9,190 square feet and IAT took 4,985 square feet in the building.

RPG Highland LLC is landlord.

Reno Properties Group LLC was sole broker in both leases.

Vernon industrial vacancy

A 34,646-square-foot industrial facility on 5.13 acres in Vernon is available for lease, brokers say.

The property is at 60 Industrial Park Road. Included in the space is 7,686 square feet of offices; 1,200-amp power service; one dock; and three drive-in doors.

Sentry Commercial is listing broker.

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's News Editor.

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