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IT giant HCL Technologies officially makes downtown Hartford home     HARTFORD, Connecticut (HBJ) — Though the region’s office market has mostly been in a holding pattern since COVID-19 hit Connecticut more than 10 months ago, there have been some bright spots. One of the largest and most recent examples is a new downtown lease signed by IT outsourcing giant HCL Technologies, which this month followed through on its Feb. 2020 pre-pandemic promise that it would plant its flag downtown in order to serve its client Stanley Black & Decker. HCL recently signed a lease for nearly 16,700 sq...

Image The Greater Hartford office market opened the first quarter of 2020 with more than 220,000 square feet of positive absorption, welcome news for a market that saw over 250,000 square feet of Class A negative absorption in 2019. In March, the COVID-19 pandemic hit the United States, abruptly freezing market activity. Sales and leasing transactions in process continued to fruition with little interruption as stakeholders on all sides attempted to keep business as usual amidst the uncertainty of COVID-19. In the summer months, landlords and tenants became increasingly more creative under th...