Cushman & Wakefield Announces Orthopaedic Associates of Stamford to Relocate to Holly Pond Plaza

Cushman & Wakefield announced today that Orthopaedic Associates of Stamford (“OAS”) has leased 18,265 square feet of space at the newly renovated Holly Pond Plaza at 1281 East Main Street in Stamford, CT.

Adam Klimek, director, and Bill Montague, associate director, are the exclusive agents for the property and represented the landlord, Faros Properties.  Representing the tenant, Orthopaedic Associates of Stamford, was Cushman & Wakefield’s Sean McDonnell, senior director, and Kathleen Fazio, director, both members of Cushman & Wakefield’s Healthcare Sector Advisory Group.

Ms. Fazio said, “Our direction was to find a new home for OAS, physical therapy and pain management.  We worked closely with OAS in assessing its current situation and determined that they could sell the two suites it owned at 90 Morgan Street in Stamford and sublease the third suite at 134 Morgan Street to comfortably make the transition to this new state-of-the-art facility, ultimately bringing all services under one roof and fulfilling a lifelong dream for the practice.”

OAS’s new location at Holly Pond Plaza will allow them to increase walk-in service for OAS Express, the first-in-the-area immediate orthopaedic care center, where no appointment is necessary.  OAS is currently slated to move in this summer.

“It’s an exciting deal for the building and the tenant will benefit from a committed landlord,” said Adam Klimek.  “The building has been renovated and, since completion, has garnered a wealth of activity from area tenants looking for clean, new and affordable office space.  The location differentiates itself chiefly by its water views, avoidance of downtown traffic congestion and a tenant-friendly deal package.”

“We are happy to welcome OAS to Holly Pond Plaza,” said Alex Leventhal, managing partner of Faros Properties.  “The building’s new renovations and fabulous water views will make this a great location for the practice.”

Holly Pond Plaza at 1281 East Main Street is a 70,000-square-foot, Class-A office building conveniently located just off Exit 9 on I-95.  It underwent an extensive, multi-million dollar interior and exterior renovation in 2012.  These capital improvements included a new building entranceway, main lobby renovations, new elevators, bathrooms and garage improvements. The property features magnificent views of Long Island Sound on the shores of Holly Pond.  It also offers private transportation to the Stamford train station for office commuters. 

There are currently two units of 2,906 and 2,300 square feet available on the 2nd floor and an 18,265-square-foot unit available on the third floor, which can be subdivided. 

Mr. Montague added, “In less than two years, the building is almost 70% occupied.  The capital improvements and incredible waters views at Holly Pond Plaza will have this building leased in no time.”

About Orthopaedic Associates of Stamford

For more than 50 years, Orthopaedic Associates of Stamford (OAS) has provided the highest quality orthopaedic and pain-management care for individuals of all ages. Utilizing Electronic Medical Records, Digital X-ray and Ultrasound Guided Injections, OAS is uniquely qualified to treat patients professionally, efficiently and compassionately. OAS is committed to restoring the highest level of function with a focus on prevention in all treatment plans. Patient care is coordinated so that all aspects of care are smoothly integrated and streamlined from initial diagnosis through rehabilitation.  For more information, go to www.oasmd.com

About Faros Properties

Faros Properties is a New York City-based real estate investment firm established by Alexander Leventhal, Jeremy Leventhal and Elliot Gould as a platform to target long-term private investment opportunities. Faros primarily targets core investments in supply-constrained markets with high concentrations of intellectual capital. Faros and its predecessor companies trace their roots to family-owned operations. The family has for over six decades been actively involved in the construction, development, acquisition, management, and financing of over 50 million square feet of real estate internationally.

About Cushman & Wakefield:

Cushman & Wakefield is the world’s largest privately held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and management assignments. Founded in 1917, it has approximately 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has nearly $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.