3 years ago
NEW HAVEN, CT - Newmark Grubb Knight Frank (NGKF) and O,R&L Commercial announced today the sale of One Long Wharf Drive in New Haven, a 300,000 square foot multi-story medical / office building to Healthcare Trust of America, Inc. (HTA) of Scottsdale Arizona for $72,000,000. The seller, a New York based investment group, bought the property in 2007 for $28,000,000 and undertook significant renovations to the tenant spaces and common areas of the property. At the time of the sale to HTA the property was effectively 100% occupied with a waiting list of tenants. With over 1,000 parking spaces and direct access to I-95, the building is uniquely positioned in the New Haven market.
HTA, a $4 billion dollar publicly traded REIT plans on continuing to upgrade the property and position it as the premier medical facility in the region.
The sales team included David Noonan and Jenifer Schwartzman of NGKF and J. Richard Lee and Frank Hird, SIOR of O,R&L Commercial.
O,R&L Commercial has been retained to continue handling the leasing for HTA.
O,R&L Commercial, LLC with offices in Branford and Rocky Hill represents landlords, tenants, sellers and buyers in the office, retail, medical, multi-family, investment and industrial markets.
O,R&L Integrated Services is a full service real estate firm that specializes in Commercial Real Estate Brokerage, Commercial Construction, and Facility Management and Maintenance. For additional information on this sale or other transactions you may contact O,R&L Commercial at 860-721-0033 or 203-488-1555 and for more information regarding O,R&L Commercial, visit online at www.orlcommercial.com.
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