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Blue Back Square Sold to Connecticut Real Estate Development Company Charter Realty Announced Sale Share this article WEST HARTFORD, Conn., May 25, 2021 /PRNewswire/ Charter Realty & Development Corp. is pleased to announce its recent acquisition of Blue Back Square, one of the most sought-after destinations in the region, boasting some of the finest entertainment, restaurant, retail, and housing experiences in the Greater Hartford region. Located at 65 Memorial Road, West Hartford, the property was purchased from Starwood Retail Partners which has owned the mixed-use development since 2013. The new ownership group Blue Back Capital Partners, LLC is a joint venture between Charter Realty & Development Corp. (Charter Realty) and Rialto Capital. ....
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Blue Back Square, West Hartford’s posh mixed-use development, has been sold to a new ownership group. Greenwich-based Charter Realty & Development Corp., which also manages Evergreen’s Walk in South Windsor, said Friday it has teamed with Miami-based Rialto Capital Management to purchase the 450,000-square-foot office, medical, residential and retail center, located adjacent to West Hartford Center. A sales price was not immediately available. They bought the property at 65 Memorial Road from Starwood Retail Partners, which has owned the mixed-use development since 2013. Starwood originally bought it for $104.9 million, property records show. Blue Back Square is anchored by Crate & Barrel, Cinepolis Cinemas, West Elm, and Barnes & Noble, and also has several upscale restaurants and retailers such as The Cheesecake Factory, Fleming’s Prime Steakhouse, and World of Beer. ....