NEW YORK, NY – September 21, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $8.0 million sale of two adjacent buildings totaling 68,831 square feet in the Hudson Valley community of Middletown, New York.
The offering consists of 100 and 110 Crystal Run Road, which are located in the healthcare-focused district of Middletown, near the recently completed Orange Regional Medical Center. The properties have immediate access to Interstate 84 as well as close proximity to Route 17, Interstate 87 and the Port Jervis Line, a commuter rail line offering access to Manhattan. The 43,518-square-foot 100 Crystal Run Road is fully leased to law, consulting and healthcare companies, including DaVita Dialysis Center and Cornerstone Environmental Group, which operates its national headquarters at the property. 110 Crystal Run Road is a 95-percent-leased office building totaling 24,480 square feet. Major tenants include Orange Regional Medical Center and Prime Time Early Learning Center.
The HFF investment sales team representing the seller was led by managing director Rob Hinckley, directors Stephen Simonelli and Michael Oliver and senior managing director Jose Cruz.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
HFF Managing Director
HFF Director, Marketing