Cambridge – August 25, 2026 – CBRE facilitated the sale of the Luminis Health Easton Pavilion, a 24,982 sq. ft. medical outpatient building (MOB) located at 28438 Marlboro Avenue in Easton, Maryland, to Thomas Park Investments.
Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Doug Rodio, Jerry Kranzel and Bruer Kershner of CBRE’s National Office Partners team and John Kaczowka of CBRE’s Mid-Atlantic Healthcare Leasing team to act as the exclusive advisors to the seller, BET Investments. Luminis Health Easton Pavilion is a single-story, Class A MOB in Talbot County. Delivered in 2019 as a purpose-built facility for investment-grade health system, Luminis Health, the property is fully occupied under a triple-net, corporately guaranteed lease.
Luminis Health is strategically positioned to meet rising demand for accessible, high-quality care in Maryland’s Mid and Eastern Shore regions. The health system provides 13 integrated specialties including primary care, cardiology, orthopedics, gynecologic oncology, endocrinology, imaging and laboratory services, creating a comprehensive care environment that improves patient outcomes, care coordination, and strengthens Luminis Health’s regional footprint. To date, Luminis Health provides
healthcare access through its three hospitals and over 100 care sites, serving more than 1.8 million
patients across seven counties.
“Luminis Health Easton Pavilion offers a secure, long-term income stream for the buyer with 13 years of remaining term to an investment grade health system,” said Knott, an Executive Vice President with CBRE’s U.S. Healthcare Capital Markets practice. “Additionally, the heavy barriers to entry in a Certificate of Need state, which effectively protects market share for Luminis Health in Maryland by regulating the supply of medical outpatient space, makes the existing space more valuable.”
Strategically located within Waterside Village, Easton’s premier mixed-use development, the property offers abundant parking (7.9 per 1,000 RSF) and proximity to major retailers like Target, Dick’s Sporting Goods, BJ’s and Chick-Fil-A, enhancing patient convenience and experience. Easton is the cultural and economic hub of Talbot County, known for its historic charm, vibrant arts community and strong healthcare presence. Located approximately one hour from Annapolis and two hours from Washington, D.C., Baltimore, and Philadelphia, the asset benefits from access to major metropolitan markets through U.S. Route 50 (1.6 miles away) while serving Maryland’s growing Mid and Eastern Shore regions.
About the buyer, Thomas Park Investments
Thomas Park Investments is a subsidiary of Thomas Park Holdings, which aligns capital, operations, and people to drive
measurable value across the assets and businesses it owns and operates. Founded in 2019 by EJ Rumpke and joined by
partner Alex Kopicki in 2021, the firm began with a focused strategy in healthcare real estate. It has since evolved into a fully
integrated platform that invests in, develops, owns, and operates commercial real estate and service companies across the
East Coast. For more information, please visit: www.thomas-park.com.
About the seller, BET Investments
BET Investments owns, manages, develops, and leases mid-rise office buildings, office parks, retail complexes, apartment
buildings, and flex office/industrial space throughout the United States. The company’s portfolio has grown to more than 5
million square feet of commercial space and 4,000 apartments. Integral to BET Investments’ success is the “hands-on”
involvement of the principals Bruce E. Toll and Michael P. Markman and a core group of professionals with complementary
skills in real estate acquisitions, development, property management, finance and law. BET Investments’ spectrum of real
estate expertise includes land development, management, leasing/legal and joint ventures. With a reputation for excellence
and a financial ability to make quick decisions in an ever-expanding geographic area, we welcome opportunities to bring
expertise and value to the challenges of real estate development For more information, please visit: www.betinvestments.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest
commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company
has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business
segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience
(facilities management, property management, flex space & experience, critical infrastructure); Project Management
(program management, project management, cost consulting); Real Estate Investments (investment management,
development). Please visit our website at www.cbre.com
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