Private retail fund acquires credit-backed Class-A outpatient asset
HARTFORD, CT—Matthews™, a commercial real estate investment services and technology firm, completed the sale of ProHealth Physicians of Bristol, located at 1251 Farmington Ave, Bristol, Connecticut. Matthews™ Senior Vice President & Senior Directors Rahul Chhajed, Michael Moreno, and Vice President & Director Tyler Swade represented the buyer in the
$19,911,000 transaction.
Operated by UnitedHealthcare, one of the nation’s largest healthcare providers, the newly constructed outpatient facility features 45 examination rooms equipped for primary care, imaging, and phlebotomy. Positioned within a larger master development alongside adjacent retail properties, the 26,000-square-foot property offers high-visibility access, including 28 EV charging stations, to support consistent patient traffic.
The single-tenant net-leased asset was acquired by a private retail fund pursuing high-caliber real estate. The buyer was attracted to the investment-grade credit profile, supported by the facility’s operation by UnitedHealth. The seller sought to generate a return for investors, and the buyer offered the most competitive pricing for the asset.
“This Class A facility, backed by a long-term lease to an investment-grade tenant, highlights how scarce, high-quality credit transactions continue to command competitive pricing,” Chhajed said.
For more information, please contact Rahul Chhajed, Michael Moreno, and Tyler Swade or visit www.matthews.com.
About Matthews™
Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new
markets. For more information, please visit www.matthews.com.
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