A West Hartford Centre retail creating anchored by Santander Bank has sold for $7.8 million, residence information clearly show.
The 23,892-sq.-foot residence at 1010 Farmington Ave. offered in November to MSG WEHA ATM LLC, which is managed by Massachusetts true estate trader The Grossman Cos. Inc.
The seller was S-BNK WEST HARTFORD LLC, which is managed by Internet Lease Money Advisors, condition documents clearly show.
The residence was built in 1939 and sits on 1.3 acres. It is positioned across the street from very well-recognized nearby retailers S.K. Lavery Equipment and Fleet Ft.
Santander has been a prolonged-time tenant in the creating. It was previously a Sovereign Bank department, before Spain-based Santander bought Sovereign.
Jacob Grossman, president of The Grossman Cos., stated the offer signifies his firm’s first purchase in West Hartford.
He claimed the buy suits with Grossman Cos.’ technique to obtain “Main Street” buildings in rich and substantial good quality-of-lifetime cities or cities. It also owns homes in Fairfield County and other parts of Connecticut, he mentioned.
Grossman mentioned Santander occupies the complete developing and has a prolonged-phrase lease, but if the financial institution at any time decided to go away, his firm would believe about possibly redeveloping the property based on the desires of the community.
It could be a attractive place for new housing or health care place of work room, he included.