December 6, 2019 (Newington, Connecticut)
Lisa Menin of Jacobson Properties is pleased to announce the sale of Constitution Professional Park, Newington, Connecticut, a three-building medical office complex containing 31,198 square feet. Constitution Professional Park, which is 95% leased, was sold by Newington Realty to a national healthcare real estate investor for a purchase price of $8,850,000.
Constitution Professional Park is anchored by the Hartford Hospital Eye Surgery Center, a state-of-the-art ambulatory surgical center which provides surgical care for cataracts, glaucoma, corneal disease and select retinal diseases. The Center performs more than 10,000 procedures per year. Hartford Hospital leases 55% of Constitution Professional Park. Additional tenants include Starling Physicians, one of Connecticut’s largest multispecialty physician groups, and Select Physical Therapy.
Lisa Menin served as the exclusive advisor to the seller in the transaction.
About Jacobson Properties:
Lisa Menin of Jacobson Properties specializes in the sale of institutional grade healthcare real estate nationwide with a focus on Upstate New York and the Greater Northeast. A former Wall Street attorney, Lisa exclusively represents hospitals, physicians, and developers in the sale of their institutional grade medical assets and is an expert at re-structuring medical properties in preparation for sale. Lisa has a 33 year track record of completing complex and challenging deals and has personally closed transactions totaling in excess of $636 million over the past few years. Lisa can be reached at LMenin@jacobsonproperties.net or via telephone at (212) 580-3136. More information is available at www.jacobsonproperties.net.
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