August 15, 2018
Deal Watch Today

CT's empty Hartford office tower for sale

Photo | contributed
Photo | contributed
The 15-story midtown tower at 25 Sigourney St. in Hartford

The state is seeking buyers for its vacant, troubled Hartford office building overlooking the I-84 viaduct.

The 15-story midtown tower on 2.39 acres at 25 Sigourney St., at the corner of Capitol Avenue, was built in 1984 as a private office building, with 467,000 gross square feet and an attached six-story parking garage.

The state Department of Administrative Services, overseer of state assets, said Wednesday the building has been declared "surplus'' and is being offered for the first time to bidders "as is.'' If it sells, proceeds will go to the state's General Fund, a DAS spokesman said.

Not only would a sale return some revenue to state taxpayers and curb the state's annual office-maintenance budget, but it also provides the city of Hartford with an opportunity to restore a sizable commercial asset to its property-tax rolls. In lieu of property taxes, the state annually remits to the city a fixed sum -- typically much less than what the city would collect in taxes -- covering all state-owned real and personal property within its borders.

Until early 2017, the tower housed various state agencies, primarily the Department of Revenue Services, until they were consolidated into the state-owned 450 Columbus Blvd. twin towers, overlooking downtown Hartford's Constitution Plaza.

According to DAS, the 815-slot parking garage needs repairs, mainly to fix flaking, peeling concrete and exposed rebar that resulted from years of water leaks and airborne corrosion. Leaky windows also spawned damp, moldy walls and odors that prompted complaints from visitors and for some state workers to seek transfers out of the building.

The building has a total of 10 passenger elevators serving the office tower and the garage, DAS said. The tower is temperature-controlled with hot and chilled water from a centralized heating-cooling loop that serves 13 state buildings and four private buildings.
Bids are due to DAS by 3 p.m. Friday, Sept. 14, the agency said. On-site inspections are available Aug. 21 and Aug. 23 to pre-registered parties.

Comments
Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll Does CT have a need for a mega-sports complex like the one pitched in W. Locks?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media