DARIEN, CT–Healthcare real estate is continuing to flourish in the Northeast. CBRE's Stamford office represented a private family trust in the purchase of the Darien Medical Center, an 18,764-square-foot office building that is 100% leased and occupied by Stamford Health Systems.
Sold for $8.4 million, or $445 per square foot, by a New York investment advisor, the property's new owners were represented by CBRE's Gene Pride, SVP and Jeff Dunne, vice chairman. The property was built in 1997 and expanded in 2007 to meet the growing needs of the Stamford Health Systems.
Says Pride, “This asset satisfies the Darien Medical Center's long-term investment objectives of acquiring high-quality buildings in exceptional locations with long-term leases in place.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
