100 South Turnpike Road, Wallingford
Arthur J. Randolph, director of Branford-based The Geenty Group, Realtors, represented the landlord, while Virginia Vinci, of H. Pearce Co., Realtors’ Hartford office represented the tenant in a long-term lease to one of the nation’s premier telecommunication innovation companies. Altura Communication Solutions, with its corporate and research offices located in California, have leased almost 4,000 square feet of space from Ichiban Properties, the landlord at The Oakdale Professional Park, a corporate campus setting on the Wilbur Cross Parkway at 100 South Turnpike Road in Wallingford. Both agents, as well as the landlord and tenant, were called on to demonstrate a high level of expertise during negotiation of this lease in order to provide Altura with a state-of-the-art facility from which to manage its Connecticut business and clients.
Ridgefield Complex Sold
Ridgefield Professional Office Complex LLC and its principals Richard Lipton M.D. and Jay Klarsfeld M.D., developers specializing in medical office use facilities, recently made their second foray into the Greater Danbury market by purchasing 901 Ethan Allen Highway in Ridgefield. The firm bought the 205,000-square-foot building and surrounding 50 acres of land from ASML USA Inc. for $7 million.
RPOC plans to split the building into two separate structures, one of which will measure 100,000 square feet and house a 25,000-square-foot ambulatory/surgery center for outpatient care for Ridgefield Surgical Center, a new joint venture between Danbury Hospital and local physicians. Danbury Hospital will also lease 8,200 square feet for a comprehensive radiology center pending approval from the Connecticut State Office of HealthCare Access. In addition, Advanced Specialty Care. will relocate its current Ridgefield office to 7,620 square feet in the building for its multi-specialty surgical practice. ENT, plastic and cosmetic, and general and pediatric are among the many surgeries expected to be offered by them. The company’s suite of offices will also include a dedicated Esthetic Center for Cosmetic Surgery and Skincare. The remaining 50,000 square feet in that building will be available for lease by medical tenants. A zoning change was necessary to facilitate Danbury Hospital and the other anticipated medical users’ occupancies. Danbury Hospital expects to open its operation, aimed at servicing the growing trend toward outpatient surgery and care, in the summer of next year.
The south building, to measure 60,000 square feet, will retain its original research and development/lab use, but be upgraded to a state-of-the-art facility for high end tenants.
CB Richard Ellis’ Sean Cahill, Michael Dillon and Greg White both represented the seller and procured the buyer in the transaction.
Putting a building originally built for more light industrial tenants to use as a medical facility is an example of a creative re-use of a piece of Connecticut’s industrial infrastructure, according to Cahill.
“For a period of time, no one could see the potential of 901 Ethan Allen Highway,” he said. “It took a developer with vision and a forward-thinking tenant to realize the opportunity presented by the building and its location near a large residential population.”
“The local community, in fact, will benefit greatly from the Danbury Hospital installation,” said Dr. Richard Lipton, manager of RPOC. “Making healthcare convenient is a growing trend in the medical world, and building a facility like the one planned for 901 Ethan Allen Highway will take outpatient care in Ridgefield to another level.”
