Liverpool, New York – May 12th – Crown MedRealty Partners (“CROWN”), a premier healthcare real estate firm headquartered in Kansas City, is pleased to announce the recent acquisition of the Oswego Medical Center, a three-tenant medical outpatient building (“MOB”) located in Liverpool, New York, in the Greater Syracuse market.
The 38,913-square-foot, Class A facility is fully leased to established and market-leading healthcare tenants. Anchored by Crouse Medical Practice, an affiliate of Crouse Health, a leading hospital system in the Syracuse market, the remaining balance of the building is occupied by Syracuse Orthopedic Specialists (“SOS”), one of the largest orthopedic practices across the region, and Syracuse Gastroenterological Associates (“SGA”), a long-standing leader in digestive care in the Syracuse market for more than 50 years.
The property sits 5.5 miles from Micron’s $100B semiconductor manufacturing campus, a multi-decade investment that is expected to have a transformative effect on the broader regional economy.
“We are building on real momentum across Upstate and Central New York, and the broader Northeast,” said Chris Nordstrom, Vice President of Acquisitions at Crown MedRealty Partners. “This is a fully leased, Class A medical facility with the kind of tenant credit profile and market dynamics we look for in every acquisition. We are pleased to begin what we expect to be a long-term relationship with Crouse, SOS, and SGA, and to continue building on our reputation as a leading buyer across the region.”
With this transaction, Crown has now acquired more than 120 medical properties nationwide.
“Closing this transaction alongside our growing pipeline speaks to the strength of Crown’s sourcing platform and the relationships our team has built with physicians, brokers, and health systems nationally,” said Brian Beggs, Chief Investment Officer and Co-Managing Partner at Crown MedRealty Partners. “With several additional closings expected, we continue to set the pace as a leading institutional buyer in this space.”
Lisa Menin of Jacobson Properties represented the seller in this transaction.
About Crown MedRealty Partners
Crown MedRealty Partners, LLC, (“CROWN”) is a privately owned and vertically integrated commercial real estate firm who specializes and focuses exclusively on healthcare related real estate. Headquartered in Kansas City, Missouri, Crown provides its health system and physician partners with a full range of real estate services including investment and capital solutions, acquisitions, development, property sales, management and leasing. With north of $750 million in completed transactions of medical real estate to date, Crown’s managed portfolio presently includes 120+ properties totaling 2 million square feet and spans across 24 states nationwide.
As an industry leader in healthcare related real estate, we believe in thinking creatively, acting with integrity, adapting quickly, and taking a hands-on approach to every deal. If you would like to discuss your future partnership with CROWN, please contact our team at 816-878-6307
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