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.
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