One Long Wharf Drive - New Haven, CTNew Haven, CT Newmark Grubb Knight Frank (NGKF) and O,R&L Commercial completed the sale of One Long Wharf Dr, a 300,000 s/f multi-story medical/office building to Healthcare Trust of America, Inc. (HTA) of Scottsdale Arizona for $72 million. The seller, a New York based investment group, bought the property in 2007 for $28 million and undertook significant renovations to the tenant spaces and common areas of the property. At the time of the sale to HTA the property was effectively 100% occupied with a waiting list of tenants. With over 1,000 parking spaces and direct access to I-95, the building is uniquely positioned in the New Haven market.
HTA, a $4 billion dollar publicly traded REIT plans on continuing to upgrade the property and position it as the premier medical facility in the region.
The sales team included David Noonan and Jenifer Schwartzman of NGKF and Richard Lee and Frank Hird, SIOR of O,R&L Commercial.
O,R&L Commercial has been retained to continue handling the leasing for HTA.