The vacant former Windsor home to Alstom Power International Inc. has sold for $3.4 million to Massachusetts investors who are reviving it as office space.
Equity Industrial Partners Corp. (EIP) purchased the three-story, 144,000-square-foot building at 200 Great Pond Dr. from People’s United Bank for $3.4 million.
EIP Principal Mark Reardon declined to confirm the sale price. However, Reardon, a former commercial broker in CBRE’s Boston office, said his partnership is currently soliciting contractors and pricing building materials ahead of renovating the previously single-tenant edifice built in 1990.
In Nov. 2015, General Electric Co. paid $10.6 billion to acquire the power and energy-grid business of Alstom SA, the French industrial conglomerate, and over time consolidated or absorbed Alstom Energy’s offices and operations.
The property will undergo a full makeover, Reardon said, with the addition of “first-class’’ amenities, including an outdoor firepit.
“We love the building. It’s got great bones. It’s got a great location,’’ he said.
EIP has already begun walk-throughs of the property with prospective tenants, Reardon said.
The realty partnership also continues to search Connecticut and New England for more investments.
“We’re opportunity buyers,’’ he said. “We know what we do well.’’
EIP currently owns or manages 77 properties totaling 22 million square feet, including other Connecticut commercial properties in Killingly, North Haven and Putnam, Reardon said.
