Newmark Grubb Knight Frank (NGKF) is pleased to announce that Justin Bell, managing director, and Neil Shupak, senior managing director,have completed two leases for The Center for GI Health (CGI), including a 14,490-square-foot lease in Lansdale, Pennsylvania, and a 2,000-square-foot lease in Spring House, Pennsylvania.
Formerly known as Upper Bucks Medical Associates, CGI has been the leading GI medical practice in Bucks and Montgomery counties for 40 years. CGI specializes in the management of gastrointestinal health, including diagnosis, treatment and prevention of colon cancer.
Bell and Shupak assisted CGI with its site selection analysis, ultimately securing 14,490 square feet at 815 Sumneytown Pike (BrookviewI )in Lansdale. The Brookview I location will be a combination of CGI, The Colonoscopy Center and Bioview Anatomical Pathology Lab. The surgery center will be located on the ground floor, while the administrative/examination offices and pathology lab will be on the second. Until the construction at Brookview I is completed, patients may visit CGI in their temporary office in the adjacent building Brookview II, located at 1240 S. Broad Street. CGI’s Brookview I location is expected to be completed in the fall.
NGKF’s Bell stated, “Brookview I offered a unique value with raw space on two floors that was ideal to design and build medical and administrative offices, a surgery center and pathology lab. The building lobby, rest rooms, mechanicals, windows and the roof were all recently constructed, and the proximity to Abington Health Lansdale Campus was a factor in selecting this location. Patients will have no problem finding the building which is located at a signalized intersection, with multiple ways in and out of the complex. Everyone will benefit from this new amenity to the region.”
Bell and Shupak also completed a long-term, 2,000-square-foot lease at 909 Sumneytown Pike in Spring House. The Spring House location will serve as CGI’s satellite office for patients who live in the eastern parts of Montgomery County that need consultations and examinations. Bell and Shupak leveraged their local market knowledge to negotiate an aggressive lease at the Lansdale location, and, to find move-in ready, medical office space in Spring House.
“CGI has provided cancer screening and GI related services in Sellersville since 1973. As the population has aged, we have seen a massive rise in the number of colorectal cancer deaths, which is now the second leading cause of cancer deaths every year. As the population in Montgomery County grew over the last 40 years, we have experienced demand from our patients to open another location that would shorten their commute. We did our homework on current and future demand, mapped our patient residence and commutation patterns and examined the demographic trends in the region. Our research confirmed that the intersection of Sumneytown Pike and Broad Street in Upper Gwynedd Township is an easily accessible, central location that will serve our current and future patient population for years to come,” said Christopher Phifer, executive director of The Colonoscopy Center.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
