A prominent Hartford property owned by GE Capital reportedly is headed for foreclosure after failing to reach a refinancing agreement with lender MetLife.
GE Capital and its GE Real Estate division have their main offices in Norwalk.
GE Capital purchased Constitution Plaza in 1999 with a co-investor and secured the mortgage in question in 2006, according to a Hartford Courant report, which added the owners put the plaza up for sale in April. Including two high-rises, the GE Capital properties at Constitution Plaza total 660,000 square feet of space.
Just last week, the state awarded incentives for the online golf company Back9Network to launch an expansion at Constitution Plaza.
A GE Capital attorney told the Courant he remains “guardedly optimistic” an agreement can be reached.
