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Hartford’s One Financial Plaza, also known as “The Gold Building,” has sold to a joint venture including an investment arm of downtown-based LAZ Parking for $70.5 million.

The 621,830-square-foot trophy office tower was developed by David Chase in 1974. It has a total of 26 floors covering 2.13 acres and includes an 8-story parking garage offering 1,141 on-site parking spaces. The building has undergone significant recent renovations between 2015 and 2018 and is currently 94 percent leased – with 76 percent being long-term credit tenants including Travelers, Virtus Investment Partners, Barings LLC, Peoples United Bank and Global Atlantic.

The seller, Talcott II Gold LLC, was represented by Avision Young Hartford office Principal Andrew Filler, Managing Director Michael Smith, Principal Scott Jamieson, Vice President Brandon Dickason and Derek Opert, a senior financial analyst in Avison Young’s Boston office. The buyer was LLS Gold LLC, a joint venture between LAZ Investments and Shelbourne Solutions.

“One Financial Plaza is arguably the ‘newest’ building in all of Hartford” Jamieson said in a statement. “The stewardship by Talcott throughout the past 20 years has been remarkable. Recent improvements including a new fitness center, remodeled café, all new lobby finishes and outdoor seating resulted in the most comprehensive tenant amenity package available in the city.”