Investment Overview

Register to bid and access due diligence documents on TenX: https://www.loopnet.com/Listing/2-Waterside-Crossing-Windsor-CT/41380441/ 2 Waterside Crossing presents the opportunity to acquire a 92,774-square-foot, Class A, multi-tenant office asset in one of Greater Hartford’s most established corporate corridors. The property is currently ±76% occupied, providing immediate cash flow with a clear path to income growth through the lease-up of approximately 21,400 square feet of existing vacancy. In-place rents of approximately $12 per square foot compared to market leasing comps in the $16–$18 per square foot range, supporting a defined mark-to-market opportunity. Situated on a 6.59-acre waterfront site, the property delivers a workplace environment that stands apart within the market. Uninterrupted window lines provide abundant natural light throughout the building while offering tranquil views of two man-made ponds and professionally landscaped grounds. The asset features large floor plates, multiple passenger elevators, an upscale lobby with high-end finishes, 24-hour secure access, and ample parking, creating a high-quality office setting capable of attracting and retaining a diverse range of tenants. 2 Waterside Crossing benefits from exceptional regional connectivity, with convenient access to Interstate 91, Bradley International Airport, and Downtown Hartford, which is just 11 miles away. Its highly visible location along Blue Hills Avenue also provides exposure to more than 13,800 vehicles per day. The property is located within Griffin Office Park, a master-planned development at the center of Windsor’s Day Hill Corporate Area, a 3,000-acre commercial and industrial hub that continues to evolve into one of Connecticut’s most dynamic business districts. The area is home to major corporate occupiers including Amazon, HomeGoods, Home Depot, Target, Cigna, and The Hartford, reflecting its strong appeal to employers across a variety of industries. Further enhancing its value, the park has approved plans for over 350 new multifamily residential units. The investment is further supported by favorable market fundamentals. Office vacancies in the surrounding market have declined by 5.3% year-over-year, while no new office product has been delivered in the past decade, underscoring the scarcity of Class A space in the area. Average annual rent growth of 1.7% over the past five years reinforces the market’s stability and leasing potential. Additionally, the surrounding 10-mile trade area contains a growing population of more than 347,000 residents, a highly educated workforce exceeding 263,000 people, and more than 25,900 businesses. With over 40% of residents holding a bachelor’s degree or higher and average household incomes surpassing $114,000, the market offers a deep pool of talent that supports ongoing occupancy and long-term investment performance.