20 Dec CBRE arranges $19.1m sale of 73,060 s/f Holly Pond Plaza to Sendero Capital and TPG Angelo Gordon for Boston HP

*Originally published on New England Real Estate Journal.

Stamford, CT The CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer, in collaboration with Brannan Knott and Chris Bodnar of CBRE’s U.S. Healthcare Capital Markets, have arranged the $19.1 million sale of Holly Pond Plaza, located at 1281 E Main St.

CBRE represented the seller, BostonHP, LLC, managed by Faros Properties, who owned the property for 15+ years. CBRE also procured the buyer, a joint venture between Sendero Capital and TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG.

Holly Pond is a 73,060 s/f multi-tenant outpatient medical building, which is 100% leased to three credit medical tenants. Summit Health (Walgreens Boots Alliance) occupies 50% of the building and is complemented by Greenwich Hospital (Yale New Haven) and Specialty Surgery Center of Connecticut (SCA Health).

Dunne said, “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 I-95.”