Developer David Marx has sold a medical office building at
902 Quentin Road in Brooklyn for $53.7 million.
The eight-story class A building whose tenants include including
NYU Langone and Touro College School of Health was acquired by an affiliate of
Seavest Healthcare Properties, a White Plains-based institutional manager of medical
property investments.
CIT Group’s Healthcare Finance business arranged $33.2
million loan to finance the acquisition.
“We are pleased to add this class A medical office
facility to our portfolio of high-quality properties,” said John Winer,
Senior Managing Director & Chief Investment Officer of Seavest Healthcare
Properties.
“The Midwood section of Brooklyn where the building is
located is a vibrant community with a dense and well insured population. We
have worked with CIT to finance a number of medical office buildings and again
appreciated their responsiveness and market knowledge in completing this
transaction.”
Built in 2013, the property features eight stories of
medical office and academic space and an on-site parking garage.
