71 GEORGE STREET

East Hartford, CT

 

 

PROPERTY DESCRIPTION

PROPERTY: Square Footage: 50,000 SF

PROPERTY TYPE: Warehouse/Distribution facility

 

OPPORTUNITY

  • The building, a 50,000 SF property built in 1954, was part of a 7-building portfolio and was leased to and occupied as a warehouse by a National office furniture distributor.
  • In December 2009, a five-alarm fire consumed one of The Fund’s properties, located at 71 George Street in East Hartford, CT.

HIGHLIGHTS

  • Within 37 days of the fire, New Boston Management Services project management group had assembled a construction team to demolished the former structure, complete the environmental remediation and obtain site plan approval from the town to construct a new 53,000-square-foot state-of-the-art high bay, energy efficient warehouse.
  • The certificate of occupancy for the building was received in May, 171 days after the fire.
  • The lease with the tenant remained intact.