Jones Lang LaSalle closed the sale of UnitedHealthcare Center in downtown Hartford, Conn., for CityPlace LLC. The 884,669-sq.-ft., 39-story class-A tower was purchased for $99 million. The tower is the tallest building in the state of Connecticut and the only office tower in Hartford greater than 30 floors.
Managing Directors Michael Smith and Scott Jamieson and Executive Vice President Chris Ostop led the Jones Lang LaSalle team on this transaction.
“The sale of UnitedHealthcare Center marks the largest in Hartford in more than two years,” Smith said in a statement. “The high-quality investment-grade tenants, including anchor tenant UnitedHealth Group, along with [the property’s] excellent location, high-quality construction and consistently high occupancy made this property extremely compelling and we received numerous offers for the property.”
UnitedHealthcare Center is formerly known as CityPlace I and is located at the corner of Asylum and Trumbull Streets. Completed in 1983, it was designed by Skidmore, Owings & Merrill and built by Urban Investment and Development and has undergone significant renovations during the past five years.