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Four Health Systems in One MOB: Anchor Purchases 40 Cross Street in Norwalk, Connecticut

Anchor Health Properties (Anchor) closed on the sale of Cross Street Medical Center, a 71,401-square-foot medical center in Norwalk, Connecticut. The medical office building is currently anchored by the Norwalk Surgery Center/Norwalk Hospital, St. Vincent’s MultiSpecialty Group, WestMed (formerly Norwalk Medical Group) and the Center for Advanced Pediatrics, complemented by a high-performing roster of private medical practices and diagnostic laboratories.

The center is very well known among the medical community and patients alike in the Norwalk area, making it an attractive asset.  Cross Street Medical Center has direct highway access, and is located right by Norwalk Hospital. The building’s tenants are some of the most well-established medical practices in the Franklin County.

With more than 100 physicians practicing in one building, Cross Street Medical Center is an exciting addition to Anchor Health Properties’ portfolio in the Fairfield County market. The city of Norwalk has a restriction on the development of new medical office buildings in the city’s hospital district.

Anchor competed with a number of other medical office investors for the building. “We’re very pleased to have acquired another best in class medical office building in New England,” said James Schmid, Anchor Chief Investment Officer. “We look forward to providing management services to the building tenants so they can best provide quality, patient-focused care to the Norwalk and lower Fairfield County community.”

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Thank you for your interest in Anchor Health Properties. If you have any questions or would like to speak with a member of our team, please contact one of our offices to discuss your healthcare real estate needs.

We look forward to hearing from you.


Mailing Address:

PMB 344
977 Seminole Trail
Charlottesville, VA 22901

contact@anchorhealthproperties.com

Charlottesville, VA

425 7th Street NE
Charlottesville, VA 22902
434.293.8004 (O) 434.293.6256 (F)

Wilmington, DE

1300 North Grant Ave, Ste 209
Wilmington, DE 19806
302.655.1010 (O) 434.293.6256 (F)

Knoxville, TN

800 South Gay St, Ste 700
Knoxville, TN 37929
865.850.1277 (O) 434.293.6256 (F)

Nashville, TN

854 W James Campbell Blvd, Ste 200
Nashville, TN 38402
931.490.4625 (O) 434.293.6256 (F)

Washington, DC

10125 Colesville Rd, Ste 346
Silver Spring, MD 20901
202.309.8247 (O) 434.293.6256 (F)

San Diego, CA

4510 Executive Drive, Suite P10
San Diego, CA 92121
858.880.4699 (O) 434.293.6256 (F)