Mayor Announces Plans for Redevelopment of Aetna Location

Mayor Sebastian Giuliano announced Tuesday that Aetna has retained Cushman & Wakefield as the exclusive commerical brokers for the former Aetna location in Westfield.  The Mayor stated that over the past two years the City, Middlesex County Chamber of Commerce, and Aetna have been strategizing the redevelopment of the 250 acre site at 1000 Middle Street.  

Giuliano noted that the city will be working closely with Aetna, the Chamber and the State of Connecticut to find the ideal end-use for the property.  The site is prime location for development located in the center of the State, with highway access and close proximity to major northeast markets.  

Larry McHugh, Chamber president state, "I applaud Aetna for working so closely with us to bring new jobs and investment to the site."  Tom Handy, head of Aetna's Real Estate Services division expressed, "Aetna continues to appreciate the collaboration of the Mayor, the Chamber, and others throughout this process."  

The Mayor noted that even without the Aetna site on-line, the Grand List for the City is still strong and diversified.  He indicated that "the City must resist offers to sell the property for less than ideal uses" and stated, "We must have a long-term perspective here; we can't settle for less than the highest and best use."  

Cushman & Wakefield is an international brokerage firm with over 13,000 worldwide employees located in 231 offices in 58 countries.  The firm's executive directors, Joel Grieco and Sean Duffy are spearheading the marketing effort and are available to answer questions relating to the offering.  They can be reached at (860) 240-0900.