Peter Westmeyer Of Remedy Medical Properties Acquires Medical Office In Voorhees For $53.9M

The medical office asset involved in this transaction is located at 900 Centennial Boulevard in Voorhees. This facility, which is set on a substantial 116,000 square feet, recently changed ownership for a sale price of $53,900,000. The property is recognized as an outpatient surgery and specialty care center, currently operated by Cooper University Health Care.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $53,900,000
• Square Footage: 116,000
• Address: 900 Centennial Boulevard
• Market: Voorhees
• Buyer: Peter Westmeyer - Remedy Medical Properties
• Seller: Welltower OM Group
• PPSF: $465

The transaction was facilitated by Peter Westmeyer, representing Remedy Medical Properties in the acquisition from Welltower OM Group. The facility houses four operating rooms and various outpatient specialty services, ensuring uninterrupted operations post-sale. This deal reflects Welltower's strategic repositioning within their healthcare real estate portfolio.