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New Haven Medical Facility Picked Up By Healthcare Trust

February 5, 2016 | Reprints | Unlock Link | Print

A 300,000-square-foot medical/office building in New Haven has sold to a second out-of-state owner.

One Long Wharf Drive was purchased by Healthcare Trust of America Inc. of Scottsdale, Arizona for $72 million. The seller, a New York-based investment group, bought the property in 2007 for $28 million and performed renovations to the tenant spaces and common areas of the property.

The property is 100 percent occupied with a waiting list of tenants. The buyer plans to continue making upgrades.

Newmark Grubb Knight Frank and O,R&L Commercial brokered the sale. O,R&L Commercial has been retained to continue handling the leasing of the property.