The Borden Investors LLC is an investment in a two building, 150-unit, luxury multi-family rental community on five acres in suburban Wethersfield, Connecticut. Wethersfield is a centrally located town less than 10 minutes from downtown Hartford. The community consists of two buildings located at 1160 and 1178 Silas Deane Highway. The building located at 1160 is an existing 4 story brick encased building originally constructed in 1989 that is fully renovated to include 39 apartments with two commercial tenants on the first floor. The building located at 1178 is a newly constructed five story building featuring 111 luxury apartments and retail on the ground floor. Together, the properties are named The Borden. The Borden is a top-of-the-line rental community featuring a roof deck lounge area, a fitness center, a clubhouse, and a dog park. Residents enjoy luxury finishes such as balconies, granite countertops, and pendant accent lighting.

Wethersfield, CT is centrally located in Hartford County and is in close proximity to many of Connecticut’s best employers, such as The Hartford, Voya Financial, Otis Elevator, Travelers, Pitney Bowes, CIGNA, Metlife, and Kaman Corp; all of which are located within a short distance from The Borden community. Hartford, and neighboring Wethersfield, are conveniently situated approximately 2 hours from New York City and 90 minutes from Boston. Bradley International Airport, the second-largest airport in New England, is only 30 minutes north.

The Silas Deane Highway is Wethersfield’s main commercial thoroughfare. Restaurants, grocery stores, pharmacies, schools, hotels, major retailers and local businesses are within walking distance. The Borden also offers easy access to a well-used bus line. Central location, quality schools, an attractive town center, direct highway access and a highly educated work force make Wethersfield an ideal home for young professionals and empty-nesters. The Wethersfield submarket is substantially underserved by new, quality market rate apartments, with the last significant development occurring in 1985. Market demand is extremely high for new product which is virtually non-existent.

Construction on this project is anticipated to be completed in Summer 2020.