Blue Back Square sold to Starwood Capital for $104.9M

Starwood Capital Group of Greenwich, Connecticut has purchased a portion of Blue Back Square located in West Hartford for $104.9M. Completed in 2007 by Ronus Properties, Street-Works, and JDA Development, the property is anchored by several major tenants, including Crate & Barrel, Barnes & Noble, REI and The Cheesecake Factory.

The property is 96% leased, including a total of seven buildings resting on roughly 6.4 acres of land. The sale contains approximately 450,000 square feet of retail/restaurant and office space as well as 48 residential units. The property also includes tenants such as Hartford Hospital and a number of professional services and law firms.