A new partnership has been formed between real estate private equity firm Blue Arch, Lincoln Property Company, and LoanCore Capital for the ownership and operation of Park Sixty. This Class-A medical office building is located at 110 E. 60th St on Manhattan’s Upper East Side. The financial details of the partnership were not disclosed.
Park Sixty is a block-through property that includes 179,000 square feet of medical office space and an additional 7,000 square feet for retail use. Recently undergoing a $20 million renovation, this property offers high-quality space for healthcare providers.
Richard Small from LoanCore expressed excitement about partnering with industry leaders in Blue Arch and Lincoln to reintroduce Park Sixty as a premier destination for various healthcare services in New York City. With its prime location near some of the largest public and private healthcare systems in the country, as well as its reputation for innovative research and development opportunities, New York City provides unparalleled potential for success at Park Sixty.
Eastdil Secured served as exclusive advisor to LoanCore during this transaction.
