Stamford medical office property sells for $71M after major tenant lease

A 196,860-square-foot medical office building on Stamford’s Long Ridge Corridor has sold for $71 million, according to city land records.

Stamford 260 MP RK7 LLC, controlled by Medical Properties VII JV LLC, purchased the three-story property at 260 Long Ridge Road. State records do not list the controlling LLC, but it shares an address with Florida-based real estate investment firm Kayne Anderson, which did not return calls seeking comment.

The seller, 260 Long Ridge Land LLC, is controlled by CRK Holding LLC and PJK Holding, entities tied to Carl and Paul Kuehner, chairman and CEO of Building and Land Technology.

The sale comes about seven months after Stamford Health signed a major lease in the building and began opening a multispecialty facility there. The facility will eventually occupy the entire 66,000-square-foot second floor and provide services including behavioral health, diabetes and endocrinology, and rheumatology.

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The building, constructed in 1970, was appraised at $39.3 million and assessed at $27.5 million in 2024.