Home Tags Avison Young
Tag: Avison Young
Buyer Hanover Norwalk Investors is an affiliate of Hanover Real Estate Partners, based in Greenwich.
“There are really only a couple of Class A buildings in downtown Bridgeport," said Avison Young's Christopher Grundy. "But there’s a growing number of great features and activities in the area that make it very attractive.”
The building, called "The Metro," is one of three high-rise buildings on a block in White Plains that developer Martin Ginsburg will reimagine as "City Square."
Northeast Medical Group, Yale New Haven Health’s not-for-profit multispecialty medical foundation, has signed a lease to occupy 6,300 square feet at the Westport Center for Health.
Dozens of successful medical office conversions have taken place in the region over the past couple of years and seem likely to continue for at least the foreseeable future, according to Sean McDonnell, principal at Avison Young's Fairfield/Westchester office.
"Corporations want to be near transportation, which contributes to demand for apartment housing that their workforce wants to be in," said Building and Land Technology COO Ted Ferrarone.
Avison Young’s New York Capital Markets group announced it has arranged a $120.3 million loan for the acquisition and redevelopment of the Westchester Financial Center near the White Plains train station.
The companies are now located near such facilities as Greenwich Hospital, West Med, Stamford Hospital and Greenwich Surgery Center.
The new location will be the nonprofit's fourth in Connecticut and third in Fairfield County.
"The office market is better positioned than it has been for a long time,” says Kevin Welsh at Newmark Knight Frank.
The 65-and-older population has been estimated by Connecticut’s Legislative Commission on Aging report to grow by 57 percent between 2010 and 2040.
A major lease renewal and expansion by Montefiore in Yonkers led a solid quarter in Westchester's office market.
Greg Frisoli, executive managing director at Newmark Knight Frank’s Stamford office, predicted that more diverse deals could be coming soon to the county.