New York, NY (July 00, 2026) — Newmark announces the Company has arranged the ~$65 million sale of Greenwich Medical Center at Holly Hill, a 106,092-square-foot Class A outpatient medical campus located at 75 Holly Hill Lane in Greenwich, Connecticut. Benedict Realty Group sold the property to Healthcare Realty
Co-Heads of U.S. Medical Office Capital Markets Ben Appel Justin Shepherd and Jay Miele, U.S Head of Medical Office Debt, John Nero, alongside Senior Managing Director Michael Greeley and Associate Directors Ron Ott, Conor Hilton, and Drew Martin, along with U.S. Co-Head of Capital Markets, Doug Harmon, represented the seller in the transaction.
Renovated in 2016, Greenwich Medical Center at Holly Hill is a premier outpatient medical campus that is 97% leased to a diversified roster of leading healthcare providers. The property is anchored by Yale New Haven Health and Stamford Health and serves as a key outpatient destination within Fairfield County’s established healthcare corridor.
Located along West Putnam Avenue (U.S. Route 1), Greenwich’s “Doctor’s Row,” the asset benefits from exceptional regional connectivity, affluent demographics and a highly supply-constrained medical office market. The property’s proximity to Greenwich Hospital and other major healthcare facilities further reinforces its position as one of the region’s premier outpatient medical assets.
“Greenwich has a cache that outshines most U.S markets, attracting both private and institutional investor interest from domestic and abroad. Further, this is a market that features high, and growing rents and very tight occupancies across both the medical and corporate office market, resulting in very strong long-term performance,” said Appel. “The confluence of these characteristics resulted in a very deep buyer pool.”
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion.
As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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