
Hartford, CT Paul Bongiorni of SR Commercial Realty completed the sale of a four-parcel package in downtown. The transaction included a three-story office building at 450 Church St., and the adjoining lots. The sale price was $2.45 million.
The buyer was The Village for Families and Children, a nonprofit organization based in the city that needed additional office space. The sellers are area investors and contractors.
The building, which was originally a meat factory built in 1915, is 32,144 s/f including an underground parking garage. The parcels sold with the building were 456 Church St., 460 Church St., and 3 Hoadley Pl. The property is located across from Union Station, close to area landmarks like the XL Center and Bushnell Park, and features views of the Capitol Building.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and