Newmark arranges sale of nine-building medical office portfolio in Greater Philadelphia

Michael Margolis, David Dolan, and Angelo Brutico represent seller, SkyREM

Langhorne, PA — Newmark announces the firm has arranged the sale of the $16 million Oxford Court Portfolio—a nine-building medical office campus in Langhorne to ESJ Capital Partners. Newmark senior managing directors Michael Margolis, David Dolan and associate Angelo Brutico represented seller SkyREM on the transaction.

“We are gratified to have secured this win-win outcome and congratulate all parties,” said Margolis. “The Oxford Court portfolio is a highly compelling investment, driven by its strategic location and strong tenant roster. We look forward to seeing the assets continue to thrive under new ownership.”

The 152,310 s/f portfolio, which was 72% leased at the time of sale, comprises:

• 900, 920, 930, 940, 950 & 970 Town Center Dr.

• 580 & 584 Middletown Blvd.

• 100 N Buckstown Dr.

The portfolio is located adjacent to the Oxford Valley Mall, a Simon property that spans 1.2 million s/f, and Jefferson Bucks County Hospital. It is anchored by a strong tenant roster of medical, retail and office tenants and features a unique single-story design. The area surrounding the portfolio has experienced a significant influx of new development and subsequent growth in the local population.

Additionally, the Oxford Court portfolio benefits from being just three miles from the intersection of Interstate 95, Interstate 295 and the Pennsylvania Turnpike (I-276). This location provides accessibility to the Pennsylvania suburbs of Greater Philadelphia as well as central New Jersey.