Downtown Hartford Office Pair Sold at $2.35M

Gregory Seay

Published On August 21, 2018

Hartford, CT — Landlord Shelbourne Global Solutions LLC has expanded its downtown Hartford office portfolio yet again, purchasing for $2.35 million a pair of adjoining, historic buildings on Pratt and Trumbull Streets, opposite the XL Center.

Shelbourne, based in Brooklyn, N.Y., announced Tuesday it closed a day earlier on the pair containing a combined 115,000 square feet of space, of which 17,500 square feet is streetfront retail space.

Built in 1910, the property is comprised of two interconnected buildings whose tenants include Caribbean bar-restaurant The Russell and Max Bibo's On Trumbull St. delicatessen.

Though separate addresses and street frontages, both share a common hallway, a Shelbourne official said.

As previously reported, Trumbull Towers Management owned the properties and originally listed them at $2.95 million and marketed them as suitable for conversion to apartments or other commercial uses.

In recent years, Shelbourne has acquired three of downtown’s largest, most recognizable office towers: 20 Church St., known locally as the Stilts Building; 18-story, blue-glass sheathed 100 Pearl St.; and MetroCenter, 350 Church St., housing Lincoln Financial Group.

“The facts on the ground over the past three years have led us to not only believe in Hartford’s future, but to invest in its future,’’ Shelbourne Chief Operating Office Michael Seidenfeld said in a statement. “ We see Hartford as a city on the cusp of a comeback.’’

Seidenfeld said Shelbourne is contemplating, in tandem with global incubator operator and partner Upward, various redevelopment plans for the pair. He declined to elaborate.