The Hampshire Cos. on Monday announced the acquisition of One Corporate Center, a 23-story, 425,000-square-foot office building in Hartford, Conn.
The value of the transaction was not disclosed.
One Corporate Center is a landmark property located at 20 Church St. on the corner of Main Street in downtown Hartford.
“This particular investment is one of the flagship properties of the downtown Hartford area. Hampshire plans a significant and comprehensive renovation and re-positioning of the property so that it regains its position as one of the premier office destinations in the city,” said Norman A. Feinstein, executive vice president of The Hampshire Cos.
The renovation will include a new lobby, new tenant common areas, a fitness center, new tenant conference center, upgraded elevators, improved heating and cooling systems, and a number of exterior improvements. Tenants at the time of sale included RBC Dain Rauscher, WTIC-TV/Channel 61 and Tiberius Broadcasting Inc.
Church Street Operating LLC sold the property.
The Hampshire Cos. is a full-service, private real estate investment fund manager based in Morristown, N.J.