Hartford, CT (PRWEB) September 15, 2006
Hartford Mayor Eddie A. Perez today toured the landmark 20 Church Street property with representatives of the new owners and other city development and community affairs representatives, highlighting economic development in the downtown area and The Hampshire Companies’ commitment to this property.
Mayor Perez commented on how pleased he was to be brought up to speed on the scope and magnitude of the renovations that are well underway by the new owner, Hampshire Partners Fund VI, an institutional real estate fund managed by Hampshire, with properties throughout the Northeast and Middle Atlantic States.
Hampshire is in the midst of a major multi-million dollar renovation and market repositioning for the building, including 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.
“Hartford is, indeed, New England’s Rising Star, and projects such as this illustrate how attractive Hartford, and in particular, our Central Business District, have become to high-end owners who, seeing the long-term strength and viability of the City, are committed to investing substantial sums of money into our community,” commented Mayor Perez. “Hampshire’s vision for this property is especially reflective of the great things that are happening in Hartford, based on a true partnership between government and the private sector.”
20 Church Street, also known as One Corporate Center, is a landmark 23-story, 425,000 square foot office building in downtown Hartford, Connecticut on the corner of Main Street in downtown Hartford. It is one of the most highly visible and easily recognized buildings in Connecticut, because of its unique architectural style and its premier location at the juncture of I-84 and I-91. This distinctive blue reflective glass building stands out architecturally as a result of its unique construction, elevating the office portion of the building above the multi-story glass atrium, and providing abundant elevator-served covered parking.
Located within Hartford’s downtown business district, this property is both strategically and conveniently located, and offers breathtaking and panoramic views of the Capitol district, The Civic Center, the Connecticut River, and all of downtown Hartford. Union Station and an abundance of hotels, restaurants, retail, shopping and other amenities are within walking distance.
“We are delighted to be a part of the unprecedented revitalization that is currently underway in Hartford,” said Norman A. Feinstein, Executive Vice President of The Hampshire Companies. “Our vision is to work closely with Mayor Perez and the city’s Department of Development Services to renovate and modernize 20 Church Street, with the goal of helping to bring high-end businesses back to downtown Hartford.”
The mayor was accompanied on the tour by John F. Palmieri, Director of the Department of Development Services and Mark K. McGovern, Director of Economic Development. Hampshire was represented by Feinstein and Todd Anderson, Senior Investment Manager.
The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at http://www.hampshireco.com.
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