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Connecticut's tallest building sold for $99 million
HARTFORD — A 38-story office tower in Hartford that is Connecticut's tallest building has been sold for $99 million.
By The Associated Press
04/02/12, 12:01 AM EDT
HARTFORD -- A 38-story office tower in Hartford that is Connecticut's tallest building has been sold for $99 million.
An executive at real estate services firm Jones Lang LaSalle told The Hartford Courant that the sale of CityPlace I in Hartford closed Friday in the downtown area's biggest deal since 2007The newspaper reports the buyer is CommonWealth REIT, a real estate investment trust based in Newton, Mass.
The 885,000-square-foot building was sold by CityPlace LLC, which had owned the tower since its construction in 1983The sales price equals about $112 a square foot, just under the $119 a square foot that State House Square was sold for five years ago.
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