PLAINVILLE: The Medical Office Building at 440 New Britain Avenue, a 27,685 square foot facility sold for $5.5 million. Holliday Fenoglio Fowler, L.P. (HFF) of Hartford marketed the property for the owner, Tomasso Brothers, Inc. The buyer, is Atkins Companies, a West Orange, N real estate and development company.
The transaction follows Physician Realty Trust’s 2017 $30 million purchase of the adjacent Medical Arts Building, also handled by HFF.
440 New Britain Ave. is fully leased, anchored by Hartford Healthcare and the Central Connecticut Endoscopy’s surgery center. The single-story property is adjacent to the newly developed Hartford HealthCare Medical Arts Building and hospital-owned Cancer Center, which operates in joint venture with Memorial Sloan Kettering.
The HFF’s senior director Ben Appel, and managing director Evan Kovac, directors Andrew Milne and Anthony Frogameni and senior managing director James Koury all contributed to the transaction.