Diversified Project Management has announced its relocation from Hartford to East Hartford.
The Newton, Mass.- based project management company will be moving from a 1,744 square foot space on 635 Farmington Ave. to 111 Founders Plaza in East Hartford, where it will occupy a 3,000-square-foot office suite.
“With our expanded facilities, we look forward to continuing to provide superior service and innovative solutions for our client’s project needs,” said Chuck Pinckney, DPM’s executive vice president.
Janet Wheeler, a project manager at DPM for the move, said the company looked downtown but chose East Hartford because they liked the Founders Plaza building and because parking was more accessible.
DPM recently completed project management services on a $20 million, 83,000-square-foot building for Trumpf in Farmington.
Simsbury Offices Sold
Two Simsbury office buildings have been sold for nearly $15 million in a deal brokered by CB Richard Ellis.
Woodgreen Management, a Trumbull-based private real estate company, purchased two office buildings from Ensign-Bickford Realty Corp for $14.68 million. The office buildings at 125 Powder Forest Drive and 175 Powder Forest Drive are located within the Powder Forest Business Park in Simsbury.
Ensign-Bickford Realty Corp. developed Powder Forest Business Park nearly two decades ago. The company was represented by John McCormick and Pat Mulready of CB Richard Ellis.
The building at 125 Powder Forest Drive is a three-story Class A office building totaling 59,771 square feet that is currently 100 percent leased to the Veeder-Root Cos. and Ensign-Bickford Realty Corp.
The other office building, at 175 Powder Forest Drive, is a four-story Class A office building totaling roughly 74,000 square feet.
Other tenants include: AXA Financial, Towers Perrin, Caterpillar and Global Jet.
The business park is located about one mile south of Simsbury’s major retail corridor.
The sale marked the sixth investment transaction in 2008 for the broker team of McCormick and Mulready.
CB Richard Ellis announced the team has sold 609,000 square feet of property valued at more than $65 million in the past six months.
Translation, Please
The increasing number of Asian and Hispanic workers at Connecticut’s two casinos has led Realtors in eastern Connecticut to partner with a translation company.
John Bolduc, executive vice president for the Eastern Connecticut Association of Realtors, said changing demographics in the eastern region of the state has resulted in the need for Spanish and Chinese language translation services. The association recently announced that it has partnered with LLE Language Services to provide translation services in 150 different languages.
“It’s a discount service for our members because if they called LLE directly, they would be charged more,” Bolduc said.
Under the partnership, member Realtors will have 24-hour access to interpreter with the ability to translate specific real estate documents.
“The demographics in eastern Connecticut show that there are a lot of people that do not speak English as a first language,” Bolduc said. “It’s something that will assist not only our members but the home-buying public.”
It is the latest effort, Bolduc said, by eastern Connecticut Realtors to meet the demand of growing non-English speaking residents.
“This partnership with the LLE linguist community provides a way for real estate professionals to respond to their current limited-English proficient clients while also attracting new opportunities,” said LLE President and CEO Kathleen Diamond. LLE promotes its use of human linguists, Diamond added, because they provide a more “accurate and credible” translation than computer software programs.
Sean O’Leary is a Hartford Business Journal staff writer.
