SYRACUSE, N.Y. — Hill Medical Center, a nearly 82,000-square-foot medical-office building located on the downtown campus of SUNY Upstate University Hospital in Syracuse was recently sold by Business Venture Associates Limited Partnership to a national private-equity health-care investor for $18.9 million. That’s according to a mid-January news release from Jacobson Properties of New York City. […]
SYRACUSE, N.Y. — Hill Medical Center, a nearly 82,000-square-foot medical-office building located on the downtown campus of SUNY Upstate University Hospital in Syracuse was recently sold by Business Venture Associates Limited Partnership to a national private-equity health-care investor for $18.9 million.
That’s according to a mid-January news release from Jacobson Properties of New York City. Lisa Menin of Jacobson Properties and Leo Jones of Cushman & Wakefield/Pyramid Brokerage Company in Binghamton served as the exclusive advisors to the seller.
Hill Medical Center is 98.5 percent leased and is anchored by SUNY Upstate University Gastroenterology, Upstate Cancer Center Hematology/Oncology at the Hill, Upstate Cancer Center at Hill Radiation Oncology, and St. Joseph’s Hospital Cardiology, per the release. The rest of the space is leased by several “prominent” specialist physician groups.
Contact the Business Journal News Network at news@cnybj.com
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