Tuesday, October 31, 2006
Source: courant.com
Central Connecticut's business real estate marketplace got a boost newly after a real estate speculation trust that buys properties nationwide purchased a portfolio of 13 buildings for $97 million.
Measured by total dollars spent, the business is among the major ever recorded in the region, according to brokers occupied in the deal.
The sale encompassed 1.5 million square feet 10 times the sum of showing space at the conference center in Hartford - and it includes nine properties in Wallingford. The business shows the magnetism of a market where prices are cheaper than in other better urban areas where business purchase options are fewer, local saleable real estate experts said.
Central Connecticut's business real estate marketplace got a boost newly after a real estate speculation trust that buys properties nationwide purchased a portfolio of 13 buildings for $97 million.
Measured by total dollars spent, the business is among the major ever recorded in the region, according to brokers occupied in the deal.
The sale encompassed 1.5 million square feet 10 times the sum of showing space at the conference center in Hartford - and it includes nine properties in Wallingford. The business shows the magnetism of a market where prices are cheaper than in other better urban areas where business purchase options are fewer, local saleable real estate experts said.
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