6-18-21

M id A tlantic Real Estate Journal — New Jersey — June 18 - July 22, 2021 — 7B

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N ew J ersey Kretowicz of Colliers Healthcare Services Group reps. both buyer and seller in transaction Colliers facilitates $20M sale of a two-building, 80,000 s/f multi-tenant MOB in East Windsor

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AST WINDSOR, NJ — Colliers has facilitated the $20 million sale of

of being the largest medical office owner in New Jersey. OrbVest has a strong track record and a portfolio of special- ized medical real estate under management of >$340 million, the firm acquires profitable medical office commercial build- ings in fast-growing locations across the US, raising equity from limited partners from over 20 countries around the globe. Wythe Capital LLC is a fully integrated owner, operator, and manager of medical office build- ings. Wythe strives to provide its tenants with a high-quality environment for their employ- ees and patients. MAREJ

a two-build- ing, 80,000 s/f multi-ten- ant medical office port- folio. Locat- ed in East W i n d s o r , 300 A and 300 B Princ-

Kim Kretowicz

eton Hightstown Rd. were sold by Gordon Princeton Mab Associates , an affili- ate of The Gordon Group . The class A buildings were purchased by Wythe Medi- cal Properties, LLC NJ in partnership with OrbVest , a global real estate company that invests in US income- producing medical commercial real estate. managing director Kim Kretowicz , who is a designated fellow within the Colliers Healthcare Ser- vices Group , represented both seller and buyer in the disposition/acquisition. “This black swan event – COVID – has underscored the investment case for medical office buildings (MOB’s) by demonstrating its ability to offer flight to safety,” said Kretowicz. The asset class has many tailwinds blowing in its favor creating an inordinate amount of capital chasing MOB’s. International inves- tors, private equity funds and pension funds have joined the specialized healthcare REITs that have historically been the biggest aggregators of medical office properties.” “We continue to believe that healthcare-related com- mercial real estate in the United States has proven its resilience before and during the pandemic and should continue its growth trajec- tory as an aging population and technological progress continue along its inevitable path,” said Martin Freeman, CEO of OrbVest. “Princeton Hightstown complex is a great match for our portfolio. 100% medical, with solid tenants and long leases in place, and a strategic location on the New Jersey Turnpike’s Inter- change 8 between New York City and Philadelphia.” The Gordon Group and part- ners have collectively devel- oped, owned and managed over a hundredMOBs totaling over two million s/f, at one point having the distinction

300 B Princeton Hightstown Rd. aerial

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