The property is a Class A 392,000 square foot multi-tenant office building known as Founders Plaza. Founders Plaza consists

of two buildings, the first, a 19 story, 244,000, square foot multi-tenant office building which has a 13,000 square foot floor plate

thus allowing for the accommodation of both the small tenant and the large tenant with multiple floors. It has six passenger

elevators, one of which serves as a freight elevator with a capacity of 3500 pounds.

The second building consists of 148,000 square feet which is leased in its entirety to Bank of America.

Doug Nickerson stated, “Our clients acquired the property in 2002. It is their practice to manage the properties they own;

subsequently they assumed the management of Founders within a short period after the acquisition. CB Richard Ellis was

retained as their leasing agent. They have upgraded the common areas and as a result the property is in pristine condition.

In addition to a full service cafeteria, other amenities include a fully equipped fitness center with showers and lockers,

common conference/meeting room for tenant’s use and free garage and surface parking.”

Founders has a commanding location, overlooking the Connecticut River, it is ideally situated on 20 acres of land in East Hartford,

and a short distance across the river by way of the Riverfront Bridge to downtown Hartford. It is convenient to Adrian’s Landing, the

Hartford convention center and has a full service Sheraton Hotel nearby.  In addition to public transportation Founder’s location gives

the tenants virtually immediate access to I-84, I-91 and Route 2. Bradley Airport is but 15 minutes away. Boston and New York are

both within two hours from the site.

The property is well managed and maintained; this together with the other amenities mentioned has made for a consistently high

occupancy ratio.

The $32,250,000 loan has a fixed rate for ten years at 5.23%. It is non-recourse and amortized over 30 years.

             For Latest Rates, Programs, Closings visit Nickerson Financial’s web site