22B — March 2025 — Best of 2024 — M id A tlantic Real Estate Journal
www.marej.com
The LARGEST MEDICAL OFFICE LEASE of 2024 NAI CIR UPMC Medical Office Portfolio Harrisburg and Mechanicsburg, PA NAI Summit 1811 Olde Homestead Lane Lancaster, PA
Size: 724,096 SF Brokers: Robin R. Zellers, SIOR, FRICS, CRE, Casey Khuri
Size: 11,658 SF Brokers: Sarah Finney Miller and Michael Adams, SIOR
NAI CIR facilitated the long-term renewals of 724,096 s/f of medical office and clinical space for UPMC, a world-renowned healthcare provider. Spanning eight buildings in Central Pennsylvania, the medical office and clinical spaces serve as an integral part of UPMC’s operations and accommodate a wide range of services, allowing UPMC to deliver essential healthcare services to the community. The strategic locations and flexibility of the buildings allow UPMC to continue expanding. Robin Zellers, SIOR, FRICS, CRE and Casey Khuri facilitated these transactions.
Senior Vice Presidents Sarah Finney Miller and Michael Adams, SIOR, represented Mission Autism Clinics (MAC) in securing a new office lease in Lancaster, PA. MAC provides Applied Behavioral Analysis (ABA) therapy, helping children with autism achieve life-changing milestones. This location is part of MAC’s continued expansion, increasing access to care for more families.
Marcus & Millichap 315 E. Northfield Road Livingston, NJ The LARGEST MEDICAL OFFICE SALE of 2024
The MOST UNIQUE MEDICAL OFFICE SALE of 2024 The Dougherty Team of Marcus & Millichap Northbay Professional Pavilion Elkton, MD
Size: 18,656 SF / 2 Acres Brokers: Jacob Haslach and Derrick Dougherty
Size: 1.81 Acres / 78,844 SF Brokers: Alan Cafiero, David Cafiero, Brian Kaplan, Dean Matuszewicz and Joe Koicim The property is a 38,000 s/f, two-story medical office building in Livingston, NJ. It is located near Saint Barnabas Medical Center and major highways, providing convenient access for patients and health care professionals. The building includes modern facilities, ample parking and a diverse tenant mix. It serves the growing demand for medical services in the area, supported by Livingston’s affluent demographics. With its strong location, quality amenities and stable occupancy, the property represents a premier health care destination in northern New Jersey.
Northbay Professional Pavilion, a premier medical office property in Elkton, MD, represents a significant investment opportunity. Spanning 19,656 s/f on two acres, this established facility boasts a strong tenant mix, including Seidenberg Protzko Eye Associates, MyEyeDr., Upper Bay Surgical Center, and Bay Orthopedic Associates. With 77% of the space under absolute NNN leases and annual rent increases of 1.5-2.5%, the property provides stable cash flow. Its strategic location along U.S. Route 40, proximity to Christiana Care Union Hospital, and value-add potential through its 2,045 s/f vacancy enhanced its appeal.
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