175 Scott Swamp Road, Farmington
The ConnectiCare headquarters at 175 Scott Swamp Road in Farmington were recently sold for $25.4 million. Steve Witten, Victor Nolletti and Adam Mancinone of Marcus & Millichap Investment Real Estate Services in New Haven were the sole brokers in the transaction.
The property is situated on a private campus setting and is improved by a 100,539-square-foot, 3-story office building. Construction of the building began in 2002 and was completed in early 2003. The facility was built specifically for ConnectiCare Inc., which occupies 100 percent of the building. Officials said the 3-story office building has outstanding fenestration, as uninterrupted windows wrap completely around the building on all three floors. In addition, the building has 538 parking spaces.
The building is located about 10 minutes from Hartford along Route 6 and benefits from its close proximity to Routes 177 and 72. In addition, the building has close proximity to Interstate 84, Connecticut’s major east/west thoroughfare. ConnectiCare Inc., ranked as one of the fastest-growing HMOs in the state, is Connecticut’s only locally based HMO.
The seller was Farmington Route 6 Land, LLC and the buyer was Farmington Realty, LLC.
Cendant Promotes Baker
Danbury-based Cendant Mobility recently promoted Elaine Baker to senior vice president of business development. In her expanded role, Baker will be responsible for leading the sales efforts in the Midwest and western United States.
Baker first joined Cendant in 1986, beginning her career in account management. Since 1992, she has held various positions in product management, strategic business planning and new-product development. Most recently, she has focused on selling both domestic and international services.
“Elaine is a recognized leader in our industry and is an excellent member of our team of seasoned professionals,” said John Arcario, executive vice president of Cendant Mobility. “Her extensive business development experience and solid global mobility background will bring tremendous value to our efforts.”
Baker holds the Certified Relocation Professional designation and serves on the board of directors of the Western International Personnel Administrators Association. She attended the University of Illinois.
Cendant Mobility is a provider of global mobility management and workforce development solutions serving the corporate, military, government and affinity markets. Through its industry-leading outsourcing, consulting, language and intercultural training, logistical support and supplier management, Cendant helps the mobile workforces of organizations of all sizes achieve success worldwide. With 50 years of experience, the company helps clients achieve cost reductions and enhance service performance to accomplish their organizational objectives.
Tolk in Gold Circle
Paul Tolk of Coldwell Banker Commercial Scalzo Group in Bethel has earned a spot in the company’s Gold Circle of Distinction, an honor bestowed upon the top-ranking producer among Coldwell Banker Commercial associates. Winners of the award have produced a minimum of $350,000 in closed adjusted gross commission income from franchisable commercial services for 2004.
“The Coldwell Banker Commercial Gold Circle of Distinction award is the ultimate honor among our sales associates,” said George Slusser, president and chief operations officer of Coldwell Banker Commercial. “Paul has demonstrated exceptional sales performance that exemplifies the standards of excellence for which Coldwell Banker Commercial associates are known. He is an asset to Coldwell Banker Commercial.”
