Owner of collapsed Mill St apartment building sells stake in separate Worcester development and buys Marlborough apartments for $7 8M wbjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbjournal.com Daily Mail and Mail on Sunday newspapers.
The Farmington headquarters of health insurer ConnectiCare has sold for $13.5 million to a New Jersey investment group.
According to town records, Farmington Realty LLC sold the building at 175 Scott Swamp Road to MSUR Farmington DE LLC, BZT Farmington DE LLC, and 175 Scotts Swamp Holdings DE LLC.
Jason Schneid is the principal for all three companies. He is founder and owner along with Joel Schneid of Capital Investment Group, a privately held real estate investment company based in East Orange, N.J.
Schneid could not be reached for comment.
A three-story Farmington office building anchored by health insurer ConnectiCare has been listed for sale.
The 100,539-square-foot property at 175 Scott Swamp Road Unit 1 went on the market in March.
There was no asking price. The current owner is Farmington Realty LLC, which purchased the property in 2005 for $25.4 million, town records show. The limited liability company is controlled by New York City investment firm Fortress Investment Group, state records show.