Acquisition Financing Secured for Nine-building, 152,310-square-foot Portfolio in Bucks County, Pennsylvania
NEW YORK, February 5, 2025 – Cushman & Wakefield announced today that the firm’s Healthcare Capital Markets Team, led by Tyler Morss, arranged $14.95 million in bank financing for acquisition of The Oxford Court Medical Portfolio in Bucks County, Pennsylvania, on behalf of ESJ Capital Partners.
The nine-building, 152,310-square-foot multi-tenant medical office portfolio is located near the U.S. Highway 1 and Interstate 295 interchange in Bucks County, near Philadelphia. It is 72% leased, primarily to medical tenants and a strong collection of healthcare users including Quest Diagnostics, LabCorp, North American Spine and Pain, DaVita, The Arthritis Group, Acorn Health, Burlington County Eye Physicians, Banyan Philadelphia and American Red Cross.
It is conveniently located within 2.5 miles of the Jefferson Bucks Hospital, a 112-bed medical center offering an array of emergency, inpatient, outpatient, medical and surgical services. The hospital serves as a general hospital of Jefferson Health, one of the 15 largest nonprofit health systems in the United States, and is affiliated with a Level II trauma center.
Within a five-mile radius of The Oxford Court Medical Portfolio, average household income exceeds $150,000 for the area’s 207,000 residents.
“The Oxford Court Medical Portfolio represents a strong medical conversion opportunity with solid in-place yields and room for significant value creation,” said Morss, a Director in Cushman & Wakefield’s Healthcare Capital Markets group. “Coupled with strong regional demographic’s and the lack of medical-office supply, the strong in-place cash flow offers ESJ the ability to fully realize their business plan, attracting medical tenants at market rents in a supply constrained market.”
In addition to Morss, Cushman & Wakefield’s Healthcare Capital Markets Team also includes co-leads Travis Ives and Gino Lollio who focus exclusively on investment sales of healthcare real estate across the US. With decades of experience in healthcare real estate, the team has collectively financed and sold over 7 million square feet valued at over $2.3 billion
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
About ESJ Capital Partners
ESJ is a vertically integrated real estate investment firm that has successfully grown by acquiring and managing a high-quality, well-diversified real estate portfolio. Founded in 2008, the company’s main office is based in Florida, with additional offices in Luxembourg, since 2012. ESJ pursues a value creation strategy by identifying and making sound investments that offer both stability and upside, across a variety of asset classes, and growing markets in the United States. To learn more, visit www.ESJ.us.
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