NAI CIR Facilitates 724,096 SF of Medical Office Lease Renewals
NAI CIR is pleased to announce that it has facilitated the long-term renewals of 724,096 square feet of medical office and clinical space for UPMC, a world-renowned healthcare provider. Spanning eight (8) buildings in Central Pennsylvania, the medical office and clinical spaces serve as an integral part of UPMC’s operations and accommodate a wide range of services, allowing UPMC to deliver essential healthcare services to the community.
“We were thrilled to have played a role in renewing these significant lease agreements,” said Robin Zellers, SIOR, FRICS, CRE, the CEO & Managing Broker of NAI CIR. “This transaction not only reinforces the long-standing relationship between UPMC and National Healthcare Properties, but also highlights the strategic value of well-located, medical office and clinical space in today’s healthcare environment.”
These lease renewals highlight the ongoing demand for high-quality medical office space and underscores the importance of long-term partnerships in the healthcare real estate sector. The buildings offer a diverse range of spaces designed to accommodate UPMC’s commitment to providing life- changing medicine throughout the Central Pennsylvania Region.
“We were proud to assist UPMC in renewing its leases for these important healthcare facilities,” said Casey Khuri, Chief Operating Officer of NAI CIR. “The medical office market remains one of the most resilient and in-demand sectors in commercial real estate, and this deal is a clear reflection of the growing need for well-located, purpose-built spaces that support healthcare providers’ operations and patient care.”
This lease renewal comes at a time when the healthcare real estate market continues to experience strong growth, driven by increasing demand for specialized care and a growing population. The strategic locations and flexibility of the buildings allow UPMC to continue expanding its services while maintaining its high standards of care.
“We were pleased to help UPMC secure a long-term solution to continue their important work in our community,” said Zellers. “These renewals not only solidify their continued presence in the region but also ensure space availability to accommodate future growth and medical advancements.”
About UPMC
Headquartered in Pittsburgh, UPMC is a world-renowned health care provider and insurer. UPMC is an international health care leader — pioneering groundbreaking research, treatments, and clinical care. UPMC operates 40 hospitals and more than 700 doctors’ offices and outpatient centers serving people throughout western and central Pennsylvania, Maryland, New York, and around the globe.
About NAI CIR
For 54 years, NAI CIR has served Central Pennsylvania with full service commercial leasing, sales and commercial real estate consulting services. Focused on client service and committed to the community, NAI CIR continues to improve the region’s commercial real estate landscape with progressive vision and trusted experience. As the Central PA affiliate of NAI Global, NAI CIR connects Central PA real estate and businesses with the rest of the world.
About National Healthcare Properties, Inc.
National Healthcare Properties, Inc. is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on seniors housing and medical office buildings, located in the United States.