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Washington DC & Mid-Atlantic  + Pennsylvania  + Healthcare  | 

Newmark Arranges Sale of MOB Portfolio in Philadelphia

Newmark has arranged the sale of the $16 million Oxford Court Portfolio—a nine-building medical office campus in Langhorne, Pennysylvania—to ESJ Capital Partners.

Newmark Senior Managing Directors Michael Margolis and David Dolan and Associate Angelo Brutico represented seller SkyREM on the transaction. “The Oxford Court portfolio is a highly compelling investment, driven by its strategic location and strong tenant roster. We look forward to seeing the assets continue to thrive under new ownership,” said Margolis.

The 152,310-square-foot portfolio was 72% leased at the time of sale. The portfolio is located adjacent to the Oxford Valley Mall, a Simon property that spans 1.2 million square feet, and Jefferson Bucks County Hospital.

Additionally, the Oxford Court portfolio benefits from being just three miles from the intersection of Interstate 95, Interstate 295 and the Pennsylvania Turnpike. This location provides accessibility to the Pennsylvania suburbs of Greater Philadelphia as well as central New Jersey.

Read More News Stories About: Cushman & Wakefield, Newmark
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.