EAST HARTFORD, Conn.–American Eagle Financial Credit Union here has paid $6.6 million for an office building it said it will use to consolidate its executive and administrative offices and about 200 employees.
American Eagle CEO Dean Marchessault told the Hartford Business Journal the $1.6-billion AEFCU closed on the property following an auction of the property after it landed in receivership in the fall of 2016. The building was previously owned by The Simon Konover Co. in West Hartford, Conn. It is a five-story, glass-sheathed tower overlooking the Connecticut River, according to the Business Journal.
American Eagle, which was founded to serve, aircraft workers and others at Pratt & Whitney Co., said it plans to consolidate staff and operations from two other buildings it owns in East Hartford and Glastonbury, Conn.
According to the Hartford Business Journal, the credit union expects to occupy the 100,000-square-foot building by late 2018. Plans call for retaining its 44,000-square-foot headquarters building and branch office on Main Street., directly opposite Pratt & Whitney, but for selling its 30,000-square-foot building in Glastonbury, Conn.
Eventually, American Eagle told the Business Journal it will occupy about 60% of the new building, with the rest leased to tenants.