Office

ROCKY HILL, CONN. — KS Partners has acquired a 620,327-square-foot office portfolio in Rocky Hill for $65 million. The eight-building portfolio consists of two office complexes: Corporate Ridge and I-91 Tech Center on Brook Street. Corporate Ridge includes 500 Enterprise, 55 Capital Boulevard and 175 Boulevard. The five remaining single-story buildings at I-91 Tech Center total 113,000 square feet of office and flex space. The portfolio was 87 percent leased at the time of sale and tenants include Nationwide Insurance, AT&T and United Healthcare. The seller was New Boston Fund.

NEW YORK CITY — Montefiore Medical Center has reached an agreement with owner and developer Simone Development to build out and occupy a new, 11-story tower in the Bronx. The 280,000-square-foot building will be part of Simone's Hutchison Metro Center, which is scheduled for completion in the third quarter of 2014. The new tower will include an ambulatory surgery center, an advanced imaging center, an onside laboratory and pharmacy and primary and specialty care practices. Montefiore will spend a reported $142 million on the new facilities. The company's lease is for 16 years, after which there is an option to extend the lease or purchase the tower.

HAUPPAUGE, N.Y. — KABR Real Estate Investment Partners and Capstone Realty Group have acquired 330 and 350 Motor Parkway, the gateway office buildings to the Hauppauge Industrial Park. The new owners plan to upgrade the properties, which total 144,000 square feet. The buildings are separated by Marcus Boulevard and are near Long Island Expressway Exits 53 and 55. The buildings are 85 percent occupied and tenants include New York Commercial Bank, First National Bank of Long Island and the Long Island Convention and Visitors Bureau. The Rochlin Organization will serve as the building's leasing agent.