News: Front Section

Angel Commercial, LLC and OR&L handle lease to Hartford HealthCare

Westport, CT According to Angel Commercial, LLC, Hartford HealthCare has executed a long-term lease for the former Westport National Bank building at 1495 Post Rd. The landlord is Post Corner LLC.

“Hartford HealthCare planned to open medical offices at this site,” said Jon Angel, president of Angel Commercial. “They have leased the entire building consisting of approximately 8,557 s/f on 1.12 acres. With 250 linear feet of frontage on the Post Rd. East (Rte. 1) and minutes to I-95 (Exits 18 & 19), it is an ideal location for medical use.”

Hartford HealthCare has more than 400 locations serving 185 towns and cities in Connecticut. It has shown dynamic growth in Fairfield County, which includes opening 42 care sites and hiring more than 200 medical staff in the past decade, making Fairfield County one of the most competitive landscapes in the country for healthcare facilities.

Angel Commercial represented the landlord, and OR&L represented the tenant in this transaction.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.