East Hartford, CT | The landmark office property at 50 Founders Plaza has been sold for $1.5 million to Port Eastside, LLC, the original buyer and a prominent developer in the area.
The 25,392-square-foot office building, located on a 1.5-acre site, will continue to operate as an office property for the foreseeable future. Port Eastside, LLC has indicated that long-term plans may include redevelopment of the site as part of a future phase of its mixed-use development project in the area.
Jay Morris and Kyleigh Caron of O,R&L Commercial represented the seller, GLK Realty, LLC, in the transaction. John McCormick of CBRE represented the buyer.
This acquisition underscores the growing interest in East Hartford’s potential for transformative mixed-use development, driven by strategic investments from developers like Port Eastside, LLC.
O,R&L Commercial, LLC with offices in Branford and Rocky Hill represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.
O,R&L Integrated Services is a full service real estate firm that specializes in Commercial Real Estate Brokerage, Commercial Construction, and Facility Management and Maintenance. For additional information on this sale or other transactions you may contact O,R&L Commercial at 860-721-0033 or 203-488-1555 and for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.
