The near-downtown Hartford skyscraper known as the “Candy Cane Building” has sold for $16.8 million, city files show.
10 Columbus Acquisitions LLC, of Chestnut Ridge, N.Y., acquired 10 non-condominium spaces in the 11-story Hartford Square North office tower at 10 Columbus Blvd., overlooking the city’s Front Street entertainment district and the Connecticut Convention Center. The sale closed July 23, city land records show.
The seller, with JLL as its broker, was a realty syndication, GCCFC 2007-GG9 Columbus Blvd. LLC. Built in 1987, the sold units had been in the hands of a servicing agent, LNR.
California real estate auctioneer Ten-X Commercial and its Auction.com affiliate held a two-day auction April 17-19 for Hartford Square North, with a $5 million opening bid.
As previously reported, the edifice known for its silver-maroon cladded exterior shaped like the popular holiday confection, was foreclosed on and placed with a special servicer after the owner of the non-condominium portion of the building fell behind on its refinanced 10-year, $17.5 million mortgage set to mature in July 2017.
According to Ten-X’s online listing for 10 Columbus, the 32-year-old building’s gross rentable 228,623 square footage was 98 percent occupied last spring. It was last renovated in 1988.
