For Immediate Release
Two building, 127,868-square-foot on-campus medical portfolio monetization
WASHINGTON, D.C., April 28, 2026 – Cushman & Wakefield (NYSE: CWK) a leading global real estate services firm, today announced it brokered the sale of MedStar Montgomery Medical Center I and II, a two-building, 127,868-square-foot on-campus medical office portfolio monetization in Olney, Md., a northern suburb of Washington, D.C.
Cushman & Wakefield’s Healthcare Capital Markets advisors Gino Lollio, Travis Ives and Tyler Morss, assisted by the firm’s Healthcare Advisory Practice colleagues Matt Sullivan, Lindsey Groom and Paige Summers represented MedStar Health, Inc. in the sale.
The portfolio, situated at 18109 and 18111 Prince Philip Drive, was approximately 95% leased at the time of transaction. The properties are primarily occupied by MedStar Health-affiliated services and practices, encompassing imaging, orthopedics, pediatrics, rheumatology and rehabilitation. These assets are integral to the distinguished MedStar Health system. As the foremost healthcare provider in Maryland and the Washington, D.C., area, MedStar Health operates more than 300 care facilities, including 10 hospitals and 33 urgent care centers.
Located 18 miles north of Washington, D.C., and 32 miles southwest of Baltimore, the campus serves a wide geographic base. Within a 10-mile radius of the properties, the population exceeds 767,000 residents with a median household income of $137,000.
“This health system monetization represented a very sought-after but rarely offered opportunity for investors,” said Lollio, Cushman & Wakefield Executive Director. “Given the affluent demographics, on-campus location and core service-line utilization by a dominant health system, this portfolio stood out as a rare acquisition and a true cornerstone healthcare asset.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
Media Contact:
Jeremy Barewin
Public Relations Lead – Central U.S. & Canada
Cushman & Wakefield
+1 312 424 8108
jeremy.barewin@cushwake.com
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