Healthcare Realty Acquires Medical Office Asset In Greenwich From Benedict Realty Group For $65M

The asset involved in this transaction is a medical office property located at 75 Holly Hill Lane in Greenwich, CT. The sale price of the property was $65 million. The medical office spans a total of 106,092 square feet and was sold at a price per square foot of $613.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $65,000,000
• Address: 75 Holly Hill Lane
• Market: Greenwich, CT
• Square Footage: 106,092
• Price Per Square Foot: $613
• Buyer: Healthcare Realty
• Seller: Benedict Realty Group
• Broker Representation: Ben Appel, Justin Shepherd, Jay Miele, John Nero, Michael Greeley, Ron Ott, Conor Hilton, Drew Martin & Douglas Harmon - Newmark

Healthcare Realty acquired the property, which was 97% leased, with key tenants including Yale New Haven Health and Stamford Health, from Benedict Realty Group. The brokers involved in the transaction were from Newmark, representing both the buyer and seller throughout the deal.