JLL Capital Markets led the $14.5 million financing efforts for Holly Pond Plaza medical office building which is 99% occupied in Stamford, CT

 

Holly Pond Plaza, a 73,060-SF,
multi-story medical office building
in Stamford, CT

 BOSTON, MA, Sept. 11, 2023 –  JLL Capital Markets has arranged a $14.5 million refinancing for Holly Pond Plaza, a 73,060-square-foot, multi-story medical office building in Stamford, Connecticut.

 

JLL worked on behalf of the borrower, Faros Properties, to secure the five-year, fixed-rate loan through Silicon Valley Bank, a division of First Citizens Bank.

Completed in 2003 and renovated in 2013, Holly Pond Plaza is 99% leased to three credit worthy tenants. The building features four floors of medical office space above four levels of parking for 222 vehicles.

Jonathan Schneider

Holly Pond Plaza is situated on 0.60 acres at 1281 East Main St. in Fairfield County. 

This area of southwest Connecticut features several prominent health systems, which has spurred the expansion of outpatient services and the number of medical office facilities in the area. 

The Stamford medical office is particularly strong with a robust occupancy rate and strong annual rent growth.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director Jonathan Schneider.

“Strong in-place metrics, along with the Sponsor’s strong reputation and track record of consistent top of the market performance at the property, resulted in competitive marketing process with multiple lenders offering attractive financing options,” Schneider said.

Contact:

Kristen Murphy

Director, Public Relations, Americas

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

T +1 617 848 1572

M +1 617 543 4873

Kristen.Murphy@jll.com