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Med Office Daily - October 8, 2025

Med Office Daily - October 8, 2025

Stockdale buys the Willow Oaks campus. Newmark sells Wisconsin MOBs. Cypress West and TPG buy Del Mar Park. RWJBarnabas opens Old Bridge center. C&W sets $4.5M Houston refi. Six new MOB deals.

Matt H & Maham Riaz
October 08, 2025

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NEWS ROUNDUP

ACQUISITION: Stockdale Capital Partners acquires Willow Oaks Medical Campus in Fairfax, Virginia. The 401,000 SF, two-building campus sits adjacent to Inova headquarters and hospital, housing more than 20 tenants. Andrew Saba, Managing Director, represented Stockdale in the transaction. This acquisition marks Stockdale’s first East Coast transaction. Stockdale plans to continue leasing to healthcare providers and fully convert the property into a medical campus serving the Inova Fairfax market.

Newmark U.S. Healthcare Capital Markets completes the sale of the Advocate Health Wisconsin MOB Collection in Menomonee Falls and Milwaukee.

ACQUISITION: Newmark U.S. Healthcare Capital Markets completes the sale of the Advocate Health Wisconsin MOB Collection in Menomonee Falls and Milwaukee. The two-property, 147,406 SF portfolio operates as multi-specialty clinics across more than 50 specialties and serves as hub locations within Advocate Health’s Milwaukee MSA network. The assets are 100% leased to Advocate Health (S&P: AA) on absolute NNN leases with four years WALT and 2% annual escalations.

ACQUISITION: Cypress West Partners, in joint venture with TPG Angelo Gordon, acquires Del Mar Medical Park in Boca Raton, Florida. The two-building, 101,546 SF medical outpatient campus is 92.4% occupied with tenants including Baptist Health-affiliated Boca Care, Laboratory Corporation of America (Moody’s Baa2), and Unified Women’s Healthcare. Originally developed in 1982 and 1986, the asset underwent $4M in capital improvements from 2022–2024. Sam Clark represented Cypress West in the transaction. This marks the joint venture’s first Florida acquisition and 11th overall.

DEVELOPMENT: RWJBarnabas Health opens a new 72,000 SF ambulatory care facility, RWJBarnabas Health at Old Bridge. Located at 1980 Route 9, the three-story, multi-specialty center features urgent care, heart and vascular, GI, endocrinology, neurology, surgery, and primary care services, with additional offerings including JAG Physical Therapy and Rutgers Cancer Institute oncology coming soon. Attendees included Mark E. Manigan, Michael Prilutsky, George Helmy, Susan Reinhardt, Mayor Debbie Walker, Senator Owen Henry, Assemblyman Robert D. Clifton, Richard Mojares, MD, and Richard Rendina.

FINANCING: Cushman & Wakefield arranges $4.5 million in refinancing for MOB in Houston, Texas. Two Harbor Square, the 26,670 SF medical office building is located at 3033 Marina Bay Drive. The loan, secured on behalf of owner Creative Equities, was provided by Zions Bancorporation and Amegy Bank N.A. Cushman & Wakefield’s Tyler Morss advised the borrower.