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Fremont Group Sells Hartford Office Buildings, Parking Lots for $50M

HARTFORD, CONN. — The Fremont Group has sold Riverview Square, a 325,000-square-foot waterfront office complex located on the east side of Hartford. The two-building complex was sold in conjunction with a 50,000-square-foot office building known as Founders Plaza and two adjacent parking lots, all of which are situated within Founders Plaza Business Park, for $50 million. The buyer was an entity doing business as Milton East Hartford Investments LLC. At the time of sale, the properties had a collective occupancy rate of 90 percent, with tenants including Bank of America and the State of Connecticut Judicial Branch. Patrick Mulready and John McCormick of CBRE, along with Cory Gubner and Alex Haendler of Newmark, represented The Fremont Group in the transaction. According to the brokerage team, the deal  marks the largest suburban office transaction in Central Connecticut since 2012.

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