News Release: Newmark Closing Announcement — SALE AND DEVELOPMENT FUNDING OF A 160,000 SF, STATE OF THE ART SURGERY CENTER & MEDICAL OFFICE BUILDING PROJECT

A Build-to-Suit Surgery Center & Medical Office Development: UBMD ASC & MOB in Amherst, New York (Buffalo MSA)

Amherst, NY, June 22, 2022 — Newmark’s Healthcare Capital Markets Team facilitated the sale and development funding of a 160,000 SF
Surgery Center & Medical Office Development located in Amherst, New York – the most populated town in Western New York.

 

The Project, being developed by Ciminelli Real Estate Corporation, is 93% preleased to several of the largest providers in the Buffalo region, including Kaleida Health, UBMD, the largest medical group in Western New York, and Great Lakes Medical Imaging. The service lines are centered around orthopedic and sports medicine and include an ambulatory surgery center, imaging center and several UBMD specialty practice groups. Project delivery is anticipated in Spring 2023.

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