Metro Center Heads to Auction | Hartford News

The Metro Center, a 12-story downtown office tower with 275,000 square feet, is headed to auction after Webster Bank foreclosed on Shelbourne Global Solutions for a $38 million loan. The building and its parking garage are up for grabs starting at $18 million, with bids due by November 2nd and potential auction or sale hearing dates set for late November. This comes amid a struggling commercial real estate market, fueled by post-pandemic work-from-home trends that slashed demand for office space. Once purchased in 2017 for $49 million, the property now reflects the shifting value of downtown corporate real estate — and the final sale price will reveal just how much things have changed.

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