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Stamford Medical Offices Trade for $19.1M

Photo courtesy of CBRE

The 15-year owner of a fully-leased Stamford medical office building sold the property for $19.1 million to a joint venture of Sendero Capital and TPG Angelo Gordon.

A corporate entity managed by New York-based Faros Properties had owned the 73,060-square-foot Holly Pond Plaza at 1281 East Main St. since 2007, when it last traded for $14.25 million.

The building is 100 percent leased to three credit tenants: Summit Health, Greenwich Hospital and Specialty Surgery Center of Connecticut.

CBRE represented the seller and procured the buyer.

“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 Interstate 95,” CBRE VIce Chairman Jeff Dunne said in a statement.