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Constitution Plaza Building Is In Foreclosure

By Kenneth R. Gosselin

January 19, 2012

The owners of the former Travelers Education Center on Constitution Plaza in downtown Hartford have lost the five-story office building to foreclosure.

The 132,000-square-foot building at 200 Constitution Plaza, near the clock tower, has been empty for about a year but was covered by a master lease that guaranteed rent payments until the lease expired a few months ago.

GE Asset Management took control of the building, whose ownership is separate from other structures on the plaza, in late December, according to a filing with the city dated Jan. 13. GE declined to comment Wednesday about its plans for the building. The former owner -- U.S. Bank, National Association, the trustee of the Walters Connecticut Venture Trust -- couldn't be reached for comment.

The building at 200 Constitution Plaza is the latest high-profile office building in the city's central business district to get mired in foreclosure trouble. Two others -- CityPlace II and Goodwin Square -- appear to be in the final stages of foreclosure, both owned by Northland Investment Corp. Northland last year lost Metro Center One.

Reprinted with permission of the Hartford Courant. To view other stories on this topic, search the Hartford Courant Archives at http://www.courant.com/archives.
| Last update: September 25, 2012 |
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