NORTH HAVEN –– Crossroads Medical Center, LLC has acquired 7.75 acres adjacent to the Gaylord/Healthtrax Wellness Center at 8 Devine Street buy valium online order to create a three-building, 52,000-square-foot medical complex. Crossroads purchased the property from Gaylord Hospital generic ambien $1.6 million, and ambien generic planning to break ground soon on the first structure, which will house 18,000 square feet of space.
The primary tenant, Cardiology Associates of New Haven, has signed a 15-year lease for approximately 14,000 feet, according to OR& L Commercial’s J. Richard Lee.
“They are the biggest cardiology group in New Haven and will be moving out of 13,000 square feet of offices and clinical exam rooms at 60 Temple Street,” Lee explains.
In 2004, Crossroads built the 46,000-square-foot Gaylord/Healthtrax Wellness Center for Gaylord on around seven acres of land it also purchased from the rehabilitation facility. (Gaylord leases the center.) The property was part of a 14-acre parcel Gaylord acquired from the former Southern New England Telecommunications Corp.
“We went under contract a year ago for the other 7.7 acres,” says David Sessions, president of Casle Corp. of Avon, which designs, develops and constructs commercial properties. In recent years Casle has increasingly focused on medical projects such as the design and construction of the MidState Medical Center complex in Meriden.
Sessions also is manager of Crossroads Medical Center, which is developing and building the new complex.
Gaylord had been trying to sell the remaining acreage adjacent to the health center for several years, says Lee, who adds that plans began to coalesce about 18 months ago when Cardiology Associates, which he represents, started exploring options to move out of New Haven.
The deal was finalized recently, following design and municipal approvals.
Sessions says the one-story building for Cardiology Associates should be finished in late summer or early fall of this year. OR&L is marketing the rest of the space, and the other two buildings will be constructed if there is sufficient tenant demand.
“I just need to get a big orthopedic group, and we want a general-practitioner’s operation,” Lee says. “Usually 50 percent pre-leased on the next building will get it off the ground.” His selling points include ample parking and a site that’s “easily accessible from I-91 and the Merritt Parkway.”
— Karen Singer
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