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HARRISON COURT MEDICAL CENTER SELLS FOR $53.3M

HARRISON, N.Y. — In what is being touted as the largest commercial property sale in Westchester County year-to-date, Cushman & Wakefield has brokered the sale of Harrison Court Medical Center for $53.3 million. The property comprises a five-building campus located at 220, 222, 226, 230 and 244 Westchester Ave. in Harrison.

Harrison Court Medical Center is situated on 14.3 acres fronting Interstate 287 and totals 189,197 square feet between the five buildings, which range from a single-story, single-tenant building to a four-story, multi-tenant building. A pad site is also located on the property at 250 Westchester Ave., and has received approval for the construction of a four-story, 71,854-square-foot building. The property was 97 percent occupied at the time of closing.

The medical center is situated between to prominent Westchester County hospitals. Directly across from Harrison Court is a 276-bed hospital owned by the New York Presbyterian/Cornell Medical Center hospital system. Two miles away is the 292-bed White Plains Hospital Center.

“This sale shows you the strength of the medical market in Westchester County,” says Glenn Walsh, senior director with the Westchester/Fairfield County office of Cushman & Wakefield. He adds the sale also shows that buyers believe in this strength.

Walsh, along with Tom O’Leary of Cushman’s Westchester office, and Andrew Merin and Gary Gabriel of Cushman & Wakefield’s Capital Markets Group, represented the seller, RPW Group. The brokers also procured the buyer for the transaction, Pro Med Properties.

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