Monday, October 22, 2012

Montefiore Preleases 280,000-SF Hospital of the Future

National Commercial Real Estate News From CoStar Group

Montefiore Preleases 280,000-SF Hospital of the Future

Montefiore Medical Center has signed an agreement to lease a proposed 11-story, 280,000-square-foot medical office building at Hutchinson Metro Center. The state-of-the-art tower will provide evolutionary space for multidisciplinary approaches to care, utilizing integrated technologies that will allow Montefiore to provide patient treatment without the need for hospitalization.

Simone Development will utilize its expertise and specialized design...

New Boston Trades CT Office Portfolio for $65M

After 12 years of ownership, New Boston Fund Inc. sold its eight-building, 620,372-square-foot office portfolio in Rocky Hill, CT, to a joint venture led by KS Partners for $65 million or $105 per square foot.

The collection consists of Corporate Ridge Office Park and I-91 Tech Center. Corporate Ridge is comprised of three Class A office buildings totaling 507,000 square feet: 500 Enterprise, 55 Capital Blvd. and 175 Capital Blvd. The five remaining...

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