Date: May 1, 2011

Featured Deal: Connecticut Children's Medical Center:
CCMC School


Situation:   Challenged with an outdated and inefficient building requiring a large infusion of capital from the Hospital to comply with current code, CT Children’s Medical Center decided to evaluate alternatives in the marketplace for its’ existing School. Having established the school in the southern area of Greater Hartford, they had a strong desire to stay within that area.  Due to the size, specific nature of the use, and large amount of capital needed to convert an existing building into a school, it was uncertain if they were going to be able to find the space to relocate.   

Solution:    After an extensive site search, RM Bradley was able to locate a site at 300 John Downey Drive in New Britain. The 48,000 square foot building, the former headquarters for The Weathervane clothing stores, met both the structural need for the school and the land need to build the playing fields the school required.  RM Bradley was also able to negotiate a 15 year lease with the owners securing an improvement package of over .6 million. Improvements will include; state of the art classrooms, a cafeteria, indoor gym, meeting rooms, and new playing fields. 

This deal will allow the CCMC School to remain in their desired area while moving into a newly constructed facility that is tailored to their needs.   Construction is set to be completed in July of 2012.  

RM Bradley is proud to be a strategic partner with CCMC providing a full range of real estate services on this deal that included tenant representation, site selection, financial analysis, and lease negotiation.

*If you find yourself in a similar situation as the one described above, or would simply like to discuss your current situation and how we might be of help, please contact:

Andrew Filler
Direct: 860.241.2713 | afiller@rmbradley.com
RM Bradley | One Financial Plaza | Hartford, CT 06103
Office: 860.278.2040 Fax: 860.241.2727
www.rmbradley.com