Receivership Profile: Northeast Property Group Appointed Overseer of Commercial Leasing in Complex Litigation
For Immediate Release
August 7, 2014
Northeast Property Group, a New london based Real Estate firm providing Property Management and Commercial Brokerage Services, has been appointed “Master” by the State of CT Superior Court in Hartford to oversee leasing of a property known as Addison Corporate Center located in Windsor, CT. Serving the greater Hartford area, the commercial property is the subject of complex litigation involving its lenders and owners. The 602,000 SF of institutional grade, Class A office / flex and warehouse space has tenant size ranging from 300 SF to over 141,000 SF and is the former Corporate Headquarters of Aetna Insurance.
Located at 175 Addison Rd., the center is well maintained and managed, sitting on 75 acres of manicured property. Addison Corporate Park provides an amenity package that is unmatched in the Hartford area, including abundant parking, redundant power, an on-site fitness center with lockers and showers, a full-service cafeteria, jogging trails, on-site management, mission-critical continuity capabilities, 200-seat conference center and multiple fiber providers. Nearby amenities include three hotels, restaurants, banks and retail shopping opportunities and is located less than one mile from I-91, offering highway access via exits 37 and 38. Routes 305, 75 and 187 are moments away and Bradley International Airport and downtown Hartford are each within a ten-minute drive.
Daniel G. Barber, CCIM, SIOR and Sr. Vice President of Northeast Property Group Inc., will be responsible for the assignment and the required oversight of all new leases, expansions, extensions and tenant improvement projects at the property.
Northeast Property Group is a full service Real Estate Services, Management and Brokerage firm headquartered in New London, CT and has provided Property Management and Receivership solutions for Lenders, Loan Servicers and law firms throughout Connecticut for over 25 years. Northeast Property Group can be reached at (860) 437- 7005 or send us an email: Email NPG