A large portion of the town’s Corporate Ridge office park has been sold for $65 million to a company that owns and manages commercial real estate in the Northeast, the area’s largest such portfolio sale in a dozen years.
KS Partners purchased the 620,000 square-foot office portfolio for $65 million from New Boston Fund, which originally purchased it for $58 million in 2000. New Boston had since expanded one of the office buildings by 55,000 square feet.
The portfolio includes three office buildings—55 Capital Boulevard, 175 Capital Boulevard and 500 Enterprise Drive—and a five-building complex on Brook St.
The purchase is the largest such portfolio sale in the Greater Hartford area since 2000.