Real estate services firm Cushman & Wakefield recently announced several leases at the Corporate Ridge complex in Rocky Hill.
The announced leases fall within Corporate Ridge, a three-building office portfolio at 55 Capital Blvd., 175 Capital Blvd. and 500 Enterprise Drive. The properties are held by limited liability companies tying back to New York-based real estate investment firm KS Partners and its founder Kambiz Shahbazi.
Bob Kelly and Jon Putnam of Cushman represented KS Partners.
According to Cushman, portions of the complex were to several organizations, including:
- United Way, a nonprofit organization, signed a 41,815-square-foot lease at 55 Capital Blvd.
- Sono Bello, a cosmetic surgery specialist, signed a 14,968-square-foot lease at 175 Capital Blvd.
- Michael Baker Engineering Inc., an engineering firm, signed a 9,158-square-foot lease at 500 Enterprise Drive.
- Allstate, an insurance company, signed a 3,567-square-foot lease at 55 Capital Blvd.
- Montstream Law Group LLP expanded its lease by 2,639 square feet at 175 Capital Blvd., bringing its total occupancy to 9,466 square feet.
Kelly, executive director for Cushman & Wakefield said the 506,500-square-foot complex is seeing “significant activity” despite a “challenging market.” Kelly said the building offers various top amenities, including outdoor fire pits, a full service cafeteria and a 6,000-square-foot fitness center in a suburban location with easy access to Interstates 84 and 91.
Kelly estimates the combined occupancy rate for the KS buildings in the low 80-percentile range. The recently announced leases were all concluded within the last six months, he said.
“Companies are trying to get people back to the office,” Kelly said. “These properties are amenity rich.”
