(Hartford, CT- April 2018) Principal Tom York advised the City of Hartford (“the City”) on a lease renewal/ space reduction at Constitution Plaza. The City’s executed a lease for 80,000 SF lease in 2001 for various departments including the Department of Development Services at 250 and 260 Constitution. With the leases expiring, the City engaged Goman+York to analyze and identify opportunities to more efficiently and effectively utilize owned their real estate. The process included a review of existing leases, departments, adjacencies, space programming and lease negotiations. As a result, the City was able to reduce their leased premises at Constitution Plaza by 40% and their overall annual rental expense by 55% due to negotiated base rental reductions.
Goman+York Property Advisors, LLC provides advice and high-value services to landlords and tenants, owners and investors in the commercial real-estate industry. The East Hartford, Connecticut-based company delivers “real world,” customized real-estate solutions for its clients.