UnitedHealthcare Center at CityPlace - Hartford, CT

Hartford, CT Paradigm Properties, a Boston-based commercial real estate investment and management firm, has acquired UnitedHealthcare Center at CityPlace.  UnitedHealthcare Center at CityPlace is a premier office building that contains 884,669 rentable s/f. As one of the tallest office buildings in Connecticut at 38 stories, CityPlace enjoys an exceptional occupancy history and currently is 98% leased by a roster of prestigious national and local firms.

The investment strategy is to maintain the building’s position in the marketplace as the best office building in Hartford through the implementation of a client-centric management approach. The cornerstone of Paradigm’s approach to property management is the client experience.  “By striving to give building clients a level of service that exceeds their expectations, we are able to ensure that all aspects of the client life cycle – from leasing to daily facility operations to accounting and rent collections – run more productively and efficiently for both the client and the owner.  Our experience as an owner has shown us that this aspect of our services is the key contributor to maximizing revenue and investment value,” said John Caldwell, president of Paradigm Properties.

CityPlace is well positioned to continue its role as the best performing office building in the city.

“The urbanization and active office lifestyle trends that are on the rise in every city around the country are definitely taking hold in Hartford.  There is a growing amount of residential, streetlife, and nightlife activity that will only enhance the appeal of the urban workplace for companies that compete for the best talent in the market,” said Kevin McCall, CEO of Paradigm Properties. “We plan to be in Hartford for the long term, which we are excited about, and we have a very experienced operating team in place to carry on United Healthcare Center at CityPlace’s legacy as the top building in the city.”