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The Campus at Green Hill

The Campus at Green Hill

Address: 108 Leigus Road, Wallingford CT 06942

Year Purchased: 2014

Property Type: 99-Year Ground Lease on Class-A Office Campus

Property SF: 288,000 SF Rentable Class-A Office Space situated on 45 acres of a 100+ acre campus

Project Highlights: The Campus at Green Hill is an interconnected 2-story “high performance” state-of-the-art LEED Certified Class A office building built in two phases in 2007 (core and shell)  & 2012 (interiors). The existing building is situated on approximately 45 acres of a 100+ acre campus with a total of 287,967 net rentable square feet.

A Special Purpose Entity entered into a 99-year ground lease with the seller, with the ground rent starting at 4.51% of the purchase price, and increasing annually. Conveniently located off Route-68, a 20-minute drive from both Hartford and New Haven, the campus is anchored by Anthem Blue Cross Blue Shield's North East Headquarters, representing 77% of the tenancy (S&P A+ Rating). Burns and McDonnell, a leading privately owned construction and design firm, occupies an additional 34,000+ SF. Occupancy at acquisition was 89%.

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