Purpose-built 140,000-square-foot medical office asset acquired by Vital Infrastructure Property Trust
New York, NY (July 00, 2026) — Newmark announces the Company has arranged the $89 million sale of Emblem Health Hub Medical Office Building (“MOB”), a 140,000-square-foot, trophy-quality MOB located at 101 Pennsylvania Avenue in Brooklyn, New York. The property was acquired by Vital Infrastructure Property Trust, a global healthcare infrastructure REIT.
Co-Heads of U.S. Medical Office Capital Markets Ben Appel, U.S. Capital Markets Adam Spies, U.S. Healthcare Capital Markets Jay Miele and Justin Shepherd, alongside Head of Healthcare Debt John Nero, alongside Executive Vice Chairman Adam Doneger, Vice Chairman Matt Berres, Senior Managing Director Michael Greeley, Associate Directors Ron Ott, Conor Hilton, Drew Martin, represented the seller.
Completed as one of Brooklyn’s newest purpose-built medical office developments, Emblem Health Hub is fully leased on a long-term basis to EmblemHealth, New York’s largest independent physician group. The approximately 140,000-square-foot asset was designed to meet the evolving needs of modern outpatient healthcare delivery and serves as a critical healthcare destination within one of the nation’s largest metropolitan markets.
“Institutional investors globally continue to prioritize high-quality medical office assets backed by strong healthcare operators, drawing investor interest from the U.S, Canada, Middle East, UK, and Asia.”” said Appel. “Opportunities to acquire new construction medical assets in New York are limited, which drives strong activity and pricing for high quality MOBs,” said Spies.
The transaction underscores continued investor demand for institutional-quality healthcare real estate, particularly newly developed assets leased to leading healthcare providers with long-term occupancy.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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