Keefe and Fellah of HK Group sell 101 Locust Street for $4.8 million

Matthew Keefe, HK Group

101 Locust Street - Hartford, CT

Franco Fellah, HK Group

Hartford, CT Matthew Keefe, president, and Franco Fellah, executive vice president of HK Group, finalized the sale of the industrial property at 101 Locust St. for the price of $4.8 million.

The property is net-leased to Pitney Bowes Presort Services, Inc. a wholly owned subsidiary of Pitney Bowes.

The Hartford space is used by Pitney Bowes to pre-sort first class mail. According to the company, it is one of their most productive plants in the U.S.

Fellah had previously negotiated a new lease for the 73,458 s/f space with Pitney Bowes. The property sits on 6.16 acres of land zoned I-2, Industrial.

The sale of this high quality asset was to a Manhattan-based real estate investment company adding to its portfolio of properties.