PLAINVILLE: The Tomasso Group’s Medical Arts Center [the MOB] has been sold for $30.25 million. The MOB is located at 201 North Mountain Road, about 10 miles southeast of downtown Hartford, at the Hartford Healthcare Cancer Institute, a joint venture between the hospital and Memorial Sloan Kettering. The buyer a publicly traded Real Estate Investment Trust was not disclosed at the time of the announcement.
Completed in 2014, the MOB is connected to, and shares a lobby with the Cancer Center, which leases the entire first floor of the MOB. The property is 95% leased and tenants include Hartford Healthcare, Orthopedic Associates of Hartford, and Hartford Healthcare-employed physicians.
Holliday Fenoglio Fowler, L.P. [HFF, NYSE: HF] marketed the property exclusively on behalf of the Tomasso Group. Consulting in the development of the MOB was president of Health Realty Advisors, Michael Goldenberg.The HFF investment sales team representing the seller was led by Ben Appel, Phil Mahler, Evan Kovac, and Doug Rodio. Tomasso Group affiliate, Tunxis Management Company, will continue to manage the property post-closing.