West Hartford, Conn. (WTNH) - Blue Back Square, West Hartford's upscale retail and commercial jewel, is for sale.
The principal owner of Blue Back Square, Ronus Properties, is "looking to sell all of its U.S. real estate portfolio," including Blue Back, Ron Van Winkle, West Hartford's town manager, said Tuesday.
Rick Langhorne, the president of Atlanta-based Ronus Properties, said the owner of Ronus "is European and as part of his global strategy he's decided to exit the U.S. — that's all I know."
Ronus has retained Eastdil Secured, a real estate investment banking company, to market its U.S. holdings, which, aside from Blue Back Square, include shopping centers in Texas, Atlanta, Tennessee and North Carolina.
More about it here.
Remember this?
Nice bit of fiction writing.
3 WH Responses:
I visited Blue Back ONCE, discovered the cost of parking in the garage, and never went back.
The original owners negotiated quite a deal when they conned the town into eating the cost of the garage in exchange for parking revenue.
I wonder what they think of that deal now that they want to sell the development and the parking situation takes its "toll" on the value of the property?
Where could someone get tax info specific to Blue Back Square? I'm curious how much tax revenue the project has generated these past few years.
May I suggest to any readers of this blog that you also check out my new blog about West Hartford public policy: http://radicalrationalistwh.blogspot.com/
It so far contains my own suggested policy proposals, and I'd love to hear your feedback.
Post a Comment