NEW YORK—Starwood Capital has paid $106.3 million to acquire Blue Black Square, a mixed-use property comprised of six buildings containing more than 448,000 sq. ft., in West Hartford, Conn. The property is currently 97 percent occupied.
CBRE New England’s Chris Angelone, Bill Moylan, Nat Heald and Bruce Lusa of the Boston office, in conjunction with Jeff Dunne and David Gavin of CBRE’s New York institutional group, and John McCormick, Pat Mulready and Mike Stone of the Hartford office, represented the seller, Ronus Properties, and also procured the buyer.
Situated on more than six acres, Blue Black Square contains a mix of office, medical office, retail and residential space. Constructed in 2008, the property is shadow-anchored by Whole Foods, the Town of West Hartford library, police station and town hall.