Corcoran Wexler brokers four deals within the healthcare comm'l. sector

According to Corcoran Wexler Healthcare Properties, they have completed four deals within the healthcare commercial real estate sector. Corcoran Wexler completed the $8.5 million sale of a medical office suite at the 3 Dag Hammarskjold Plaza Building. The 16,400 s/f suite is located in a 12-story building at 305 East 47th St. on the Upper East Side. Corcoran Wexler also handled the sale of a second healthcare property to client Ramtin Kassir, M.D. The 1,200 s/f medical office suite at the 21-story, 799 Park Ave. building will be used as medical office space for a practice that specializes in ear, nose and throat, and plastic surgery. A third transaction secured a 10-year lease for a surgical hair restoration clinic at 240 Central Park South. The 1,500 s/f suite was leased to NU/Hart Medical P.C. The fourth deal was for several vascular surgeons who purchased a 1,400 s/f office at 1115 Fifth Ave. "Even in these challenging times, many healthcare providers continue to thrive," said Paul Wexler, president, Corcoran Wexler, "And as demand grows for their services, they are actively making medical real estate transactions throughout N.Y.C." A sampling of other recent medical office transactions from across the country includes a $1.5 million, 17,000 square foot medical facility in the city of Wichita, Kan., purchased by two physicians. In Memphis, Tenn., an orthopedics practice acquired a 16,940 square foot office building for $2.4 million. And the Kaiser Permanente health system recently signed a 10-year lease for more than 31,000 square feet in Rancho Bernardo, Calif. "Although healthcare real estate is not recession-proof, the demand for high-quality healthcare facilities continues to be strong" Mr. Wexler says. "But during these challenging economic times, it becomes even more important for buyers, sellers, landlords and tenants to work with an experienced healthcare real estate broker who can get them the best possible deal." About Corcoran Wexler Healthcare Properties Paul Wexler, President of Corcoran Wexler Healthcare Properties, is the name synonymous with the best in New York medical office space brokerage. More than 20 years of proven results have made Mr. Wexler the acknowledged leader in medical office space brokerage in the metropolitan area. Thousands of satisfied New York City-based medical office developers, investors and tenants have benefited from Mr. Wexler's expertise. He and his dedicated team at Corcoran Wexler have completed more than 1,000 healthcare-related real estate transactions, representing thousands of physicians and hospitals on medical building and office suite purchases and leases. The Corcoran Wexler team has also acted as the sales and leasing agent for many of New York City's largest and most highly respected building owners.