News Release: Closing Announcement – Crouse Medical Center (Syracuse, N.Y.)

Newmark Healthcare Capital Markets nmrk.com

CLOSING ANNOUNCEMENT

HEALTHCARE CAPITAL MARKETS

CROUSE MEDICAL CENTER

HUB OUTPATIENT CAMPUS
SYRACUSE, NY | DECEMBER 2022
175,000 SF

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Newmark announces the sale of the 175,000 square foot Crouse Medical Center, an outpatient campus along the “main and main” East Syracuse healthcare cluster of Brittonfield Parkway. The campus is nearly 100% leased with strong historical occupancy, anchored by Crouse Health, a leading healthcare delivery network in the Capital Region. The rent roll accommodates the  conversion of the balance of the remaining professional office tenants to medical, further bolstering the healthcare delivery ecosystem within the campus.

FOR ADDITIONAL INFORMATION ON THIS TRANSACTION + THE CURRENT CAPITAL MARKET ENVIRONMENT, PLEASE CONTACT ANY MEMBER OF THE TRANSACTION ADVISORY TEAM.

HEALTHCARE CAPITAL MARKETS

Ben Appel
Executive Managing Director
215.872.9903
ben.appel@nmrk.com

Jay Miele
Senior Managing Director
732.778.3895
jay.miele@nmrk.com

Michael Greeley
Senior Managing Director
617.223.1623
michael.greeley@nmrk.com

John Nero
Senior Managing Director
610.308.8192
john.nero@nmrk.com

HEALTHCARE CAPITAL MARKETS ANALYTICS

Ron Ott
Associate
570.417.8140
ron.ott@nmrk.com

Adam Goss
Associate
713.444.1024
adam.goss@nmrk.com

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