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Brokerage
Posted: October 17, 2016
Hinckley, Simonelli, Oliver and Cruz of HFF close $8 million sale
110 Crystal Run Road - Middletown, NYMiddletown, NY Holliday Fenoglio Fowler, L.P. (HFF) has closed the $8 million sale of two adjacent buildings totaling 68,831 s/f.
Rob Hinckley, HFF
Jose Cruz, HFF100 and 110 Crystal Run Rd., which are located in the healthcare-focused district, near the recently completed Orange Regional Medical Center. The properties have access to I-84 as well as close proximity to Rte. 17, I-87 and the Port Jervis Line, a commuter rail line offering access to Manhattan. The 43,518 s/f 100 Crystal Run Rd. 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 Rd. is a 95% leased office building totaling 24,480 s/f. 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.
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