Blue Back Square, a centerpiece of retail in West Hartford since it opened in 2007, is on the market. The principal owner of the shopping center, Atlanta-based Ronus Properties, reportedly told town officials about its intentions about two weeks ago.
But it's not just Blue Back that's up for sale. The company plans to sell off all of its real estate holdings in Connecticut, Georgia, North Carolina, the Hartford Courant reports.
Rick Langhorne, the president of Ronus Properties, told the Hartford Courant that the owner is "European and as part of his global strategy he's decided to exit the U.S. — that's all I know."
The square opened as a $159 million development, and includes Crate & Barrel, Barnes & Noble and REI and restaurants including Cheesecake Factory and Counter Burger. But there's no word on how much the company is asking. In fact, the Courant reports that some of the tenants didn't even know about the sale.
While the news might come as a surprise to some, West Hartford officials aren't too concerned.
"The office space is 100 percent lease and the retail is mostly leased," Town Manager Ron Van Winkle told the Hartford Business Journal. "New owners generally invest. We're looking forward to a new owner."