$13.65m CT office building sale.

The CB Richard Ellis Tri-State Investment Team, led by Jeffrey R. Dunne, recently arranged the sale of 100 Northfield Drive, a 120,612 SF office building in Windsor, CT, for $13.65 million or $113.17 PSF.

Dunne collaborated with Randall Koladis and John McCormick from the Hartford office to represent the seller, 330 Whitney Avenue Limited Partnership, an entity controlled by AFI Properties, in the transaction.

The CB Richard Ellis team, which originally sold the property to the former owner, was also responsible for securing the buyer, HRPT Properties Trust, a REIT with a 25 million SF office portfolio.

100 Northfield is one of the premier suburban office buildings in the broader Hartford region. It is set-to a park-like setting less than one-half mile from Interstate 91 and only five miles from Bradley International Airport. Major tenants in the building include Orion Capital, St. Paul Fire & Marine Insurance, General Cigar Holdings, UNUMProvident Corporation and Lincoln National Life Insurance.

Jeff Dunne had the following observations on the sale, "This property is a great fit for HRPT's portfolio given its high-quality construction, great location and strong tenant roster."

The CB Richard Ellis Tri-State investment team specializes in the sale of investment properties in the suburban markets surrounding New York City as well as select regional markets throughout the country. The team has closed approximately $740 million in transactions thus far in 2003 including the recent sales of State House Square in downtown Hartford, CT (844,813 SF), the largest sale in Hartford in the past 15 years.