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News Release: Jacobson Properties and Cushman & Wakefield/Pyramid Brokerage Company of Binghamton announce the sale of the New York State Medical Office Portfolio for $45 Million

Lisa Menin of Jacobson Properties and Leo Jones of Cushman & Wakefield/Pyramid Brokerage Company of Binghamton are pleased to announce the sale of the New York State Medical Office Portfolio, composed of 5 institutional grade medical office properties located in the Capital Region and Hudson Valley of New York State. The Portfolio is anchored by St. Peter’s Hospital, Ellis Hospital, Seton Health System and Westchester Medical Center Health Network.

The properties involved in the sale are:

  • 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

The Portfolio, which contains 209,382 square feet, was sold by an undisclosed seller to a national private equity healthcare investor for a purchase price of $45 million. Menin and Jones served as the advisors to the seller.

About Jacobson Properties:

Lisa Menin of Jacobson Properties specializes in the sale of healthcare real estate nationwide with a focus on Upstate New York and the Greater Northeast. A former Wall Street attorney, Lisa exclusively represents hospitals, developers and investors in the sale of their institutional grade medical assets. She is also frequently engaged to represent buyers in nationwide property searches. Lisa has a 32 year track record of completing complex and challenging deals and has personally closed transactions totaling in excess of $615 million over the past few years. Lisa can be reached at LMenin@jacobsonproperties.net or via telephone at (212) 580-3136. More information is available at www.jacobsonproperties.net.

About Cushman & Wakefield/Pyramid Brokerage Company:

Leo Jones is a Real Estate Broker with Cushman & Wakefield/Pyramid Brokerage Company of Binghamton, Inc.  Pyramid is Upstate New York’s largest and only regional commercial real estate services firm with over 100 agents in 10 offices across the state and has been a leading provider of commercial real estate services since 1971.  Leo has over 30 years of experience in all facets of commercial real estate. Leo can be reached at LJones@pyramidbrokerage.com or via telephone at (607) 754 5990. More information is available at www.pyramidbrokerage.com.

Lisa Menin

Jacobson Properties

150 Columbus Avenue

Suite 8A

New York, New York 10023

212 580 3136 (Office)

917 449 3039 (Cell)

212 580 9592 (Fax)




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