Griffin Office Park in in Windsor, CT sells for $5m

A New York-based private equity partnership managed by Vasco Ventures has picked up the 375,000 sqf Griffin Office Park Portfolio in Windsor, Connecticut. The five building office complex changed hands for a combined $5 million. The acquisition encompasses two four-story Class A office buildings located at 1 and 2 Waterside Crossing and three two-story Class B office buildings located at 4, 6 and 8 Griffin Road North. The portfolio’s properties are located within Griffin Office Center with tenants such as Cigna, Great American Insurance, SwissRe, RR Donnelley, Prochimie International and the United States Postal Service. CBRE/NE’s John McCormick and Patrick Mulready represented the seller, Investors Warranty of America, and it procured the buyer as well for this transaction.

“While on the market for an extended period, this transaction certainly highlights that our region can attract new investment capital,” stated CBRE/NE’s McCormick. “We were ultimately able to secure a buyer that is committed to investing in the Greater Hartford market and to repositioning this undervalued real estate.”