Holly Pond Plaza, a 73,060-square-foot outpatient medical building in Stamford, Connecticut, was sold for $19.1 million.
Built in 1981, the four-floor property is 100% leased to three medical tenants, with Summit Health (Walgreens Boots Alliance) occupying roughly half of the space and Greenwich Hospital (Yale New Haven) and Specialty Surgery Center of Connecticut (SCA Health) taking up the rest of the building.
CBRE represented the seller, BostonHP LLC, managed by Faros Properties, who owned the property for over 15 years. CBRE also procured the buyer, a joint venture between Sendero Capital and TPG Angelo Gordon, a credit and real estate investing platform within TPG.
“Holly Pond’s stable tenant mix coupled with a tight medical office market, positions Holly Pond to continue to benefit from strong demographics and favorable location directly on the Darien border and adjacent to I-95,” said CBRE Vice Chairman Jeff Dunne.
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