Stamford Medical Building Sells For $19.1 Million

STAMFORD, CT — Holly Pond Plaza, a 73,060 square-foot medical building located at 1281 E. Main St. in Stamford, has sold for $19.1 million, according to CBRE, a commercial real estate services and investment firm.

The CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer, in collaboration with Brannan Knott and Chris Bodnar of CBRE’s U.S. Healthcare Capital Markets, announced the sale this week.

CBRE represented the seller, BostonHP, LLC, managed by Faros Properties, who owned the property for 15-plus years. CBRE also procured the buyer, a joint venture between Sendero Capital and TPG Angelo Gordon, a diversified 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," CBRE Vice Chairman Jeff Dunne said in an announcement.

According to CBRE, the medical building is 100 percent leased to three tenants.

Summit Health (Walgreens Boots Alliance) occupies approximately 50 percent of the building. Greenwich Hospital (Yale New Haven) also occupies space in the building, along with Specialty Surgery Center of Connecticut (SCA Health).