25 Sigourney St

Property Overview

Price	DEBT HOLDER
Listing ID	N/A
Address	25 Sigourney St – Hartford – Connecticut (Map Location)
Neighborhood	Downtown area, near Rt84, 91, and 5/15
Suites
Floors	20 Stories
Parking	815 Off-street Spaces
Total SQFT	467,000 Sqft
Lot Size	2.28 Acres
Year Built	1984
Property PDF	Not yet available

Property Description

25 Sigourney Street is an office building of approximately 467,000 gross square feet. Currently vacant, the building previously held multiple State of Connecticut Agencies. The building has 15 stories of office space along with an attached parking garage of 6 stories. The parking garage is in need of full repair, but there are 47 accessible spots within the tower. There is a potential total of 815 parking spaces on the property. The temperature control of the building is provided by hot and chilled water from CAS (Capital Area District Heating and Cooling System). The building has 4 passenger elevators in the high rise (currently not in use), 4 passenger elevators in the low rise (currently not in use), a single low rise elevator for floors 6-12 and a single high rise elevator serving floors 14-19. A service elevator is present as well, with access to all floors (except for the 20th floor).

Property Features

Air conditioning

Current Tenants

None Currently

Property News

11SepSeptember 11, 2020

Sigourney plans featured in the Courant

The Hartford Courant interviewed OREE's William H. Coons III and project partner, Casey Askar, on details for the future plans of one of Hartford's 15-story office buildings which has been vacant for several years. Hartford Mayor Luke Bronin said the city would have to review any plans but sees potential in... read more

11DecDecember 11, 2019

Starting investment of $5M

The Counsel for the City of Hartford agrees in a total initial investment of $5M from OREE, including purchase, soft costs, and capital improvements under tax-fix agreement. READ FULL ARTICLE

https://www.courant.com/business/hc-biz-hartford-sigourney-street-tower-acquisition-20191210-il2fj2fvg5dshlq4ink6wvcije-story.html

14AugAugust 14, 2019

HBJ Features OREE Contract on CT State Building

Hartford Business Journal takes a look at OREE's newest investment. OREE was one of three companies who bid on the property, assessed at $18.9M. Coons said, “It’s probably a $30 million-plus project …, The bones of the building are fantastic.” READ THE FULL ARTICLE