REBusinessOnline

CBRE BROKERS $13.2 MILLION OFFICE PARK SALE

MERIDEN, CONN. — CB Richard Ellis (CBRE) has brokered the sale of Meridian Executive Park in Meriden for $13.2 million. Situated on a 17-acre campus, the property comprises two Class A office buildings, 530 and 538 Preston Ave., which total approximately 155,053 square feet. Amenities at the property include two-story stone lobbies, picnic areas, a jogging path and shower facilities. Jeffrey Dunne, Steven Bardsley and David Gavin of CBRE’s New York Institutional Group, along with Patrick Mulready of the firm’s Hartford, Conn., office represented the seller, Fusco-Meridian Development Associates. The team also procured the buyer, Trammell Crow Company Acquisitions II, which is a real estate acquisition fund sponsored by Atlanta-based Trammell Crow Co.

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