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News Release: Just Closed – Jacobson Properties and Pyramid Brokerage of Binghamton Announce the Sale of West Taft Road Medical Center

June 24, 2021 — Lisa Menin of Jacobson Properties and Leo Jones of Pyramid Brokerage Company of Binghamton are pleased to announce the sale of West Taft Road Medical Center, a 42,374 square foot medical office building located in Liverpool (Syracuse MSA), New York. West Taft Road Medical Center was sold by West Taft Road Associates, LLC to an international private equity firm specializing in healthcare real estate for an undisclosed purchase price.

West Taft Road Medical Center is 73% leased and is anchored by St. Joseph’s Health, Family Care Medical Group and Fallon Oral Surgery. 3 major hospitals – SUNY Upstate University Hospital, St. Joseph’s Health Hospital and Crouse Hospital – are located within 7 miles of the building; North Medical Center, a large medical campus, is situated within 1.4 miles.

Lisa Menin of Jacobson Properties and Leo Jones of Pyramid Brokerage Company of Binghamton served as exclusive advisors to the seller.

About Jacobson Properties:
Lisa Menin of Jacobson Properties specializes in the sale of institutional grade healthcare real estate nationwide. A former Wall Street attorney, Lisa exclusively represents hospitals, physicians, and developers in the sale of their high-quality medical assets and is an expert at re-structuring medical properties in preparation for sale. Lisa has a 35-year track record of completing complex and challenging deals and has personally closed transactions totaling in excess of $652 million over the past few years. For additional information, please visit www.jacobsonproperties.net

About Cushman & Wakefield/Pyramid Brokerage Company:
Leo Jones is President and Principal Broker of 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 35 years of experience in all facets of commercial real estate and has closed medical office transactions totaling in excess of $165 million over the past few years. 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)
LMenin@JacobsonProperties.net
LIC#31ME0642655
www.jacobsonproperties.net

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