Please do not leave this page until complete. This can take a few moments.
Wesleyan University recently paid $3.1 million for Liberty Bank’s former corporate offices in Middletown.
Wesleyan purchased the nearly 44,000-square-foot office building at 55 High St., near a corner of the campus, in a deal recorded by the city on Feb. 18. The 60-year-old building sits on a 2.6-acre property.
It had served as Liberty offices until 2018, when the bank moved its administrative offices, according to a broker involved in the deal. Liberty announced in October 2018 an imminent move of nearly 300 employees into a newly renovated, 90,000-square-foot, corporate headquarters on a 23-acre property at 245 Long Hill Road in Middletown.
O,R&L Commercial represented Liberty in the sale.
Luke Massirio, an O,R&L broker, said the property had seen significant interest in the two months it was listed. It is set amid a pleasant residential neighborhood in an up-and-coming city, he noted. There was interest in purchase of the property for continued office use as well as potential conversion to housing, he said.
Other offers were, however, “just not anywhere near as competitive as Wesleyan,” Massirio said. “Also, it practically sits on their campus, so if you ask me, it’s a no brainer for them.”
Attempts to reach a Wesleyan representative were not immediately successful Wednesday.
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments