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Upstate MOB Portfolio Trades for $45M
Jacobson Properties and Cushman & Wakefield/Pyramid Brokerage Company of Binghamton recently arranged the $45-million sale of the New York State Medical Office Portfolio. The 209,382-square-foot portfolio was sold by an undisclosed seller to a national private equity healthcare investor.
The portfolio includes five institutional grade medical office buildings located in New York State’s Capital Region and Hudson Valley. It’s anchored by St. Peter’s Hospital, Ellis Hospital, Seton Health System and Westchester Medical Center Health Network.
The properties involved in the sale were:
• Slingerlands Crossing Phase One, Slingerlands
• Slingerlands Crossing Phase Two, Slingerlands
• Plank Road Medical Building, Clifton Park
• Cushing Center, Schenectady
• Medical Center of New Windsor, New Windsor
Jacobson’s Lisa Menin and Pyramid’s Leo Jones represented the seller in the transaction.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition