Emerging medical services hub signs 2 new tenants — 4 insights

Milford-based Connecticut Dermatology Group and Greenwich, Conn.-based Coastal Eye Surgeons both signed leases at a Greenwich property.

Here are four insights.

1. Connecticut Dermatology Group signed a long-term lease for more than 6,000 square feet. It is the largest skincare treatment center between New York City and New Haven, Conn.

2. Coastal Eye Surgeons leased 4,300 square feet. The ophthalmology clinic exclusively offers femtosecond laser cataract surgery in Greenwich.

3. The leases closed simultaneously, allowing the owner to build out both spaces at the same time and offer the tenants better financial terms, according to Avison Young principal Sean McDonnell.

Mr. McDonnell represented both tenants with developer and landlord John Fareri of Fareri Associates LP.

4. The leased property is situated near several medical providers with Greenwich locations, including Greenwich Hospital, Purchase, N.Y.-based Westmed Medical Group, Stamford (Conn.) Hospital and Greenwich Surgery Center.

More articles on transactions/valuation:
US Virgin Islands company gets $5M in funding for St. Croix ASC: 6 key points
4 new joint venture ASCs and partnerships — April/May 2018
Envision ponders sale & more — 9 ASC company key notes

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