Medical office portfolio fetches $2 million, Colliers says

May 6, 2019 | Deals, Education, Office

Colliers International has brokered the sale of a three-building medical office portfolio in Burlington County. — Courtesy: Colliers International

By Joshua Burd

A private investor has paid $2 million for a fully leased, three-building medical office portfolio in Burlington County, brokers with Colliers International announced last week.

In a news release, the real estate services firm said it represented Tecoppa Real Estate LLC in the sale of the properties, which total 19,134 square feet. The buildings are leased to tenants such as Jefferson Health, Deborah Heart and Lung and LabCorp, Colliers said, although it did not disclose the addresses of the locations.

Evan Zweben and Ian Richman of Colliers’ Mount Laurel office completed the transaction.

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.