1275 Summer St., Stamford, Conn. (Photo courtesy of CBRE)
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, represented the Seller, Summer Street Properties, LLC in the sale of the Summer Street Medical Portfolio. CBRE also procured the Buyer, Albany Road-Summer Street LLC, and entity managed by Albany Road Advisors.
The 85% leased Portfolio consists of three multi-tenant outpatient medical buildings located at 945, 999 and 1275 Summer Street. The Portfolio houses fifteen different synergistic medical specialties, including but not limited to Orthopedics & Sports, Pediatrics, OBGYN Orthodontics, etc. The Portfolios central location, in the medical corridor of Stamford’s CBD, between Stamford Hospital and the Tully Medical Center is very convenient and easily accessible for doctors and patients alike.
CBRE Vice Chairman Jeff Dunne commented, “The Summer Street Medical Portfolio’s diversified tenant mix provides medical services in varied practices, at one location, to meet patient needs. This one stop convenience, coupled with the cosmetic capital upgrades planned by Albany Road will be attractive to both medical practitioners and their patients, creating additional leasing velocity.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
