Jeffrey Dunne, Patrick Bisceglia and Matthew Innes of CB Richard Ellis' New York institutional group along with John McCormick and Patrick Mulready of CB Richard Ellis' New England office represented 8 Farm Springs Road Associates LLC, a joint venture between ESCO Realty and AFI Properties, in the sale of 8 Farm Springs Rd. for $23.3 million. The team was also responsible for procuring the buyer,
GTJ REIT.
8 Farm Springs Rd. is a two-story 107,654 s/f single tenant office building, situated on a 10.53 acre site with immediate access to I-84. The property is located approximately 10 miles southwest of the Hartford CBD, in the Farm Springs/Batterson Park Rd. corridor, the premier suburban office location in Hartford County. At the time of the sale, 8 Farm Springs Rd. was 100% leased to the Hartford Fire Insurance Company through August 2012.