430 New Park Avenue - West Hartford, CT

West Hartford, CT According to Avison Young, one of the world’s fastest-growing commercial real estate services firms, an undisclosed buyer has purchased 430 New Park Ave., a 24,000 s/f, two story professional office building, from New Park Avenue Associates LLC. The sale price was $1.15 million. The building most recently served as the administrative headquarters for CTfastrak, Connecticut’s first bus rapid-transit system. Avison Young principal Andrew Filler represented the seller in the transaction and Goman York represented the buyer.

Andrew Filler, Avison Young

The office building sale was part of a larger 5.8-acre site that was originally put on the market for sale. The remaining three-acre parcel, also listed by Avison Young, is being offered for sale. The remaining site includes a 26,000 s/f retail building and an 8,000 s/f industrial storage facility and is in a prime location for redevelopment, located off the I-84 Flatbush Ave. exit, minutes from downtown Hartford. The site is also located along the CTfastrak Bus line, adjacent to the Flatbush Ave. station.

“With the sale of the office building, this transaction provides New Park Avenue Associates with a great opportunity to market the remaining 3 acre parcel to retail developers and users,” said Filler.

Avison Young is the world’s fastest growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, the company comprises 2,200 real estate professionals in 77 offices, providing value-added, client-centric investment sales, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.