Mindy Berman
BOSTON, MA, Oct. 10, 2023 – JLL Capital Markets announced today that it advised Sendero Capital and Angelo Gordon on the acquisition of 245 Alvord Park Rd. in Torrington, Connecticut, which includes a 37,854-square-foot ambulatory surgical center and outpatient medical building.
The price was
not disclosed.
The
JLL Capital Markets team was led by Managing Director Brannan Knott,
Senior Managing Director Mindy Berman, Director Anthony Sardo and
Associate Landon Weaver.
 |
| Brannan Knott |
The
joint venture is focused on value-add and core plus outpatient medical office
and surgery center assets throughout the Northeastern United States – a region
with high barriers to entry, strong growth, and one of the largest
concentrations of healthcare businesses in the U.S.
Anthony Sardo
The property is fully leased to complimentary tenancy, with Litchfield Hills Orthopedic as a long-term tenant – with
approximately 56% of the building, which includes the Litchfield Hills Surgery
Center – as well as endoscopy and physical therapy tenants.
Hartford HealthCare recently acquired a majority stake
in the Litchfield Hills Surgery Center business and plans to make a $2.75
million capital investment to fund renovations, equipment, and technology
upgrades.
 |
| Landon Weaver |
245 Alvord Park Rd. is located just off Route 8 in Torrington, which has a population of 35,563
residents according to 2022 Census data and is situated in northwestern
Connecticut – 42 miles north of New Haven and 29 miles west of Hartford.
CONTACT:
Alli Semans
PR,
Hotels & Hospitality, Capital Markets
JLL
M +1 330 329
6750
