M id A tlantic Real Estate Journal — Central Pennsylvania — February 2025 — 19A
www.marej.com
C entral P ennsylvania
Acquisition financing secured for Bucks County portfolio Cushman & Wakefield’s Morss secures $14.95M financing
UCKS COUNTY, PA — Cushman & Wake - field announced that the firm’s Healthcare Capital Markets Team, led by Tyler Morss , arranged $14.95 mil - lion in bank financing for ac - quisition of The Oxford Court Medical Portfolio in Bucks County, on behalf of ESJ Capital Partners . The nine-building, 152,310 s/f multi-tenant medical of- fice portfolio is located near the US Hwy. 1 and I-295 in - terchange in Bucks County, near Philadelphia. It is 72% leased, primarily to medical tenants and a strong collection of healthcare users including Quest Diagnostics, LabCorp, North American Spine and Pain, DaVita, The Arthritis Group, Acorn Health, Burling- ton County Eye Physicians and Banyan Philadelphia. It is located within 2.5 miles of the Jefferson Bucks Hospital, a 112-bed medical center of - fering an array of emergency, inpatient, outpatient, medi- cal and surgical services. The hospital serves as a general hospital of Jefferson Health, one of the 15 largest nonprofit B
Oxford Court Medical Portfolio
health systems in the United States, and is affiliated with a Level II trauma center. Within a five-mile radius of The Oxford Court Medical Portfolio, average household income exceeds $150,000 for the area’s 207,000 residents. “The Oxford Court Medical Portfolio represents a strong medical conversion opportu- nity with solid in-place yields and room for significant value creation,” said Morss, a direc- tor in Cushman & Wakefield’s Healthcare Capital Markets group. “Coupled with strong regional demographic’s and the lack of medical-office supply,
the strong in-place cash flow offers ESJ the ability to fully realize their business plan, attracting medical tenants at market rents in a supply con- strained market.” In addition to Morss, Cush- man & Wakefield’s Healthcare Capital Markets Team also includes co-leads Travis Ives and Gino Lollio who focus exclusively on investment sales of healthcare real estate across the US. With decades of experience in healthcare real estate, the team has collec- tively financed and sold over 7 million s/f valued at over $2.3 billion. MAREJ
QUALITY COMMITMENT PERFORMANCE
Geotechnical Design & Analy
nvironmental Site Assessments and
www.earthengineering.com Corporate Headquarters: 610-277-0880 Lehigh Valley: 610-967-4540 Central PA: 717-697-5701 South Jersey: 856-768-1001
Made with FlippingBook. PDF to flipbook with ease