Thursday, June 30, 2016

Hartford Funds Leases 76,000 SF in Wayne

Hartford Funds signed a lease for 75,922 square feet in the office building at 690 Lee Rd. in Wayne, PA. The Fortune 500 national investment and insurance company will occupy the entire building in a deal that commences in mid-2017.

The three-story, 75,922-square-foot office building was constructed in 1988 on 10.1 acres in the King of Prussia / Wayne submarket of Chester County, within the Chesterbrook Corporate Center.

Pitcairn Properties and SEB Immobilien USA acquired the asset as part of a 17-building bulk portfolio acquisition in 2006 from FV Office Partners for $251 million, according to CoStar data, in a sale that allocated the single-asset price at $13.88 million.

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