News: Connecticut

Keefe of HK Group sells two medical office buildings totaling 134,000 s/f

Matthew Keefe of HK Group was the sole broker for the sale of two medical office buildings at 2200 and 2080 Whitney Ave. 2200 Whitney Ave. is 82,000 s/f and 2080 Whitney Ave. is 52,000 s/f. The buyer for 2200 is 2200 Real Estate, LLC and the buyer for 2080 is 2080 Real Estate LLC. The seller of 2080 Whitney Ave. was Twenty Eighty Limited Partnership and the seller for 2200 was Whitney Medical Center Limited Partnership. The buildings are located immediately off a four way interchange of Rte. 15. They are fully occupied and have been for the last fifteen years. The tenants are a variety of high quality medical practices including several associated with Yale New Haven Hospital. The buyer is a property owner and investor in the tri-state area. HK Group is a full-service commercial real estate firm started in 1988. It has grown from a local Westport business to one which encompasses an operating area of N.Y., Conn. and N.J. The firm follows client led transactions into other states. It has expanded its vision from local leasing to larger leasing transactions, investment sales transactions, national client retail leasing, and consulting and brokerage services for the health care and hospitality industries.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary