CBRE/SYRACUSE BROKERS $3.45 MILLION OFFICE PURCHASE

NEW HARTFORD, N.Y. — CB Richard Ellis/Syracuse (CBRE) has brokered the purchase of an 84,800-square-foot office building located in New Hartford for $3.45 million. The building is situated on 40 acres at 4401 Middle Settlement Rd. It was acquired by Utica, N.Y.-based St. Elizabeth’s Medical Center, which was represented by CBRE’s Peter Finn and Larry Van Der Bogart. The buyer plans to use the building to continue its expansion and will take occupancy in the spring or summer after an interior build-out is complete. The Utica office of Pyramid Brokerage Co. was the listing agent in the transaction; the seller was New Hartford Plaza LLC. The building was formerly occupied by The Hartford Insurance Companies; Finn and Van Der Bogart assisted the company in finding a new office within nearby New Hartford Office Park.