{"id":13003,"date":"2017-09-13T09:57:20","date_gmt":"2017-09-13T09:57:20","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=13003"},"modified":"2025-07-22T13:28:55","modified_gmt":"2025-07-22T10:28:55","slug":"norwalk-mob-commands-23m","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/norwalk-mob-commands-23m\/","title":{"rendered":"New England Medical Office Building Commands $23M"},"content":{"rendered":"
\"Cross<\/a>

Cross Street Medical Center (Yardi Matrix)<\/em><\/p><\/div>\n

NKF recently announced closing the sale of Cross Street Medical Center, on behalf of Marcus Partners. The Norwalk, Ct.<\/a> medical office property located at 40 Cross St.<\/a> commanded $23 million and was purchased by Anchor Health Properties.<\/p>\n

The 69,131-square-foot building is one of Fairfield County\u2019s premier multi-tenant medical office properties, with over 100 physicians practicing on the premises, and major tenants including Norwalk Surgery Center\/Norwalk Hospital, St. Vincent\u2019s MultiSpecialty Group, WestMed (formerly Norwalk Medical Group), and the Center for Advanced Pediatrics.<\/p>\n

\"Cross<\/a>

Cross Street Medical Center (Yardi Matrix)<\/em><\/p><\/div>\n

Centrally positioned in Norwalk\u2019s West Avenue medical corridor, the 4-story property is directly off Route 7\u2019s exit 1 interchange, and within walking distance to the Norwalk Hospital campus. Cross Street Medical Center offers best-in-class medical office and outpatient surgery center space, and benefits from direct access to multiple retail, restaurant and banking amenities.<\/p>\n

Marcus Partners purchased the asset in 2013 for $13 million and proceeded to invest in capital improvements, which included Class A finishes to the lobbies and common areas, updated elevator controls, new granite exterior entrance walkways and curbs, new signage and landscaping.<\/p>\n

NKF Senior Managing Director Michael Greeley stated that over 10 of the country’s most active medical office investors competed for this asset. “With immediate highway access and a strategic position near Norwalk Hospital, Cross Street Medical Center serves one of Connecticut\u2019s strongest patient demographics. Investors recognized an opportunity to acquire a well-established medical office building that is widely known by physicians and patients alike,” Greeley added.<\/p>\n","protected":false},"excerpt":{"rendered":"

NKF recently announced closing the sale of Cross Street Medical Center, on behalf of Marcus Partners. The Norwalk, Ct. medical office property located at 40 Cross St. commanded $23 million and was purchased by Anchor Health Properties. The 69,131-square-foot building is one of Fairfield County\u2019s premier multi-tenant medical office properties, with over 100 physicians practicing…<\/p>\n","protected":false},"author":48,"featured_media":13004,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,39],"tags":[],"class_list":["post-13003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-office","wpautop"],"acf":[],"yoast_head":"\nNew England Medical Office Building Commands $23M - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Marcus Partners sold their premier Norwalk medical office building on Cross Street to Anchor Health Properties, 5 years after acquisition and asset improvements\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/norwalk-mob-commands-23m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New England Medical Office Building Commands $23M\" \/>\n<meta property=\"og:description\" content=\"Marcus Partners sold their premier Norwalk medical office building on Cross Street to Anchor Health Properties, 5 years after acquisition and asset improvements\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/norwalk-mob-commands-23m\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-13T09:57:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-22T10:28:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/09\/YM_40_Cross_Street_01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Ginsac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ioana Ginsac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/norwalk-mob-commands-23m\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/norwalk-mob-commands-23m\/\",\"name\":\"New England Medical Office Building Commands $23M - 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