**Three-Building Medical Office Portfolio Sold in Stamford, CT**
A portfolio of three medical office buildings, collectively known as the Summer Street Medical Portfolio, has been sold in Stamford, Connecticut. The transaction was facilitated by CBRE representatives Jeff Dunne, Steve Bardsley, and Travis Langer, along with Brannan Knott and Chris Bodnar from CBRE’s U.S. Healthcare Capital Markets team. The seller, Summer Street Properties, LLC, was represented by CBRE, which also secured the buyer—Albany Road-Summer Street LLC, an entity managed by Albany Road Real Estate Partners. Financial terms of the deal were not disclosed.
The portfolio, which is 85% leased, includes three multi-tenant outpatient medical buildings located at 945, 999, and 1275 Summer Street. These facilities are home to 15 different medical specialties, including orthopedics and sports medicine, pediatrics, obstetrics and gynecology, orthodontics, and more.
“The Summer Street Medical Portfolio’s diversified tenant mix provides medical services in varied practices, at one location, to meet patient needs,” said Jeff Dunne. “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.”
