Business & Tech
Milford Office Building With High Vacancies On Auction Block
A Milford office building with a high number of vacancies and facing foreclosure is up for auction.
MILFORD, CT — A Milford office building is again on the auction block after a second foreclosure on its owner, Hearst Connecticut Media reported.
The Great River Corporate Center is on a 12-acre plot at 440 Wheelers Farm Road. The building has more than 160,000 square feet of space on four main floors as well as a basement.
There are only a few remaining tenants in the building, including Connoisseur Media, which operates several radio stations.
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Read the full story at Hearst Connecticut Media.
The office building dates back to 1988 and has had "significant upgrades with over $10 million in renovations since 2020, including common areas, structure, and building systems," according to a real estate listing.
Find out what's happening in Milfordfor free with the latest updates from Patch.
The building is scheduled for an online auction April 16 to 18 with bids starting at $2 million.
Its current occupancy rate is 23 percent, according to the real estate listing.
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