Recent Sales
Acquisitions

280 Trumbull Street 280 Trumbull Street Hartford, CT 06103

Acquired: 3/30/2001
Sold: 7/30/2004

Location
280 Trumbull Street is located in downtown Hartford, Connecticut.

Description
280 Trumbull Street is a twenty nine-story office tower with 619,935 square feet of space.

Investment Rationale

• Purchase price was 40% of replacement cost
• In-place contractual rents 66% of market rents at time of purchase
• Excellent visibility and highway access
• Lead tenant (CIGNA) invested $22 million ($80/SF) improving space

Value Added

• Purchased condominium interest of a premier law firm in the building, extending and expanding the law firm`s space for 15 years.
• Purchased building`s ground lease.
• Negotiatied a reduction of the lead tenant`s termination right.

Fund Ownership
Fund V