Sean Cahill, Principal and Managing Director of Avison Young’s Fairfield/Westchester office, is pleased to announce the completion of a 5,700 square foot lease transaction on behalf of tenant, Neurological Specialists, PC, at Merritt 8 Corporate Park, 99 Hawley Lane in Stratford, Avison Young Associate Eva Kornreich negotiated the 10-year lease on behalf of Neurological Specialists, PC for 5,744 square feet on the main floor of the building.
Neurological Specialists will consolidate two existing locations in the new practice space at Merritt 8 Corporate Park. Merritt 8 Owner, LLC is the property owner and was represented in negotiations by Joseph Coci.
The practice had been seeking a more modern office and building to better serve patients. It was also seeking to save on operational costs by combining two offices into one in an easily accessible location. The space achieves all of the primary objectives. The new office offers convenient access to the Merritt Parkway, Route 8, and Route 108. The building is directly across the street from Hawley Lane Mall and the Trumbull Marriott. The largest tenants in the building are Yale New Haven Health Services and New York Life Insurance Company.
In addition to a full medical office build-out, the landlord will add a handicap ramp and ADA electric doors to the main building entrance. Handicap accessible restrooms will also be added to the tenant’s space.
“Demand for medical space is a bright spot in commercial real estate leasing in Connecticut,’’ Kornreich said. “Medical tenants want upscale, modern space that communicates a state-of-the-art approach to healthcare.” Kornreich negotiated the purchase of the business’s former location at 2590 Main St. in Stratford in 2016.
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Avison Young is one of the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 84 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family and hospitality properties.
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For further information/comment/photos directly from Avison Young:
Sean Cahill, 203.658.6606, sean.cahill@avisonyoung.com
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