Fairfield County Medical Office
Fairfield County, Connecticut
In 2016, Lisa was engaged to sell an 80,000 sf medical office portfolio consisting of two multi-tenant medical office buildings located in Fairfield County, Connecticut. At the time of engagement, the properties were filled with numerous long-term physician and hospital tenants, many of whose leases either had already expired or were about to expire. The anchor tenant, Southern Connecticut’s oldest independent radiology practice, occupied 29% of the portfolio but only had a few years remaining on its leases.
Lisa spent months restructuring the portfolio both prior to beginning the marketing process and during the due diligence period and was able to significantly increase the final purchase price by:
Facilitating the signing of new 12 year leases by the anchor tenant.
Working with ownership to extend the leases of three hospital tenants.
Advising ownership on the renewal terms for a major physician tenant.
The portfolio was successfully sold to a private healthcare REIT in 2017 for an undisclosed purchase price.