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May 6, 2022

East Hartford medical building sells for $3.9M; Founders Plaza redevelopment ‘on pause’

CoStar 893 Main St., East Hartford
By Michael Puffer

A modern, 28,702-square-foot medical office building in the center of East Hartford recently sold for $3.9 million.

Merchant East Hartford I LLC sold the 15-year-old medical building at 893 Main St. to Brooklyn-based Twenty Equities LLC, in a deal logged by the town on March 13.

The buyer’s principal is Brooklyn real estate investor Gershon Eichorn. Attempts to reach Eichorn were unsuccessful.

The seller traces back through other limited liability companies to Larry Nirenberg, of Wayland, Massachusetts, who was also unreachable.

Nirenberg leads First Merchants Group, an entity tied to the ownership of the Founders Plaza Office Tower on the bank of the Connecticut River in East Hartford. In 2020, the tower was being eyed for a mixed-use residential and retail center with up to 2,000 apartments.

East Hartford officials worked with First Merchants Group, the Capital Region Development Authority and Tecton Architects on a master plan for a new “live, work, play” urban destination.

East Hartford Development Director Eileen Buckheit said Friday that plan is still under consideration but on pause after First Merchants Group took an economic hit due to the COVID-19 pandemic. 


 

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