Brown Gibbons Lang & Company (BGL) has successfully completed the sale of the Garden State Medical Center Real Estate Portfolio, which encompasses approximately 46,000 rentable square feet across Central and Southern New Jersey. The transaction, announced on October 14, 2025, involved the transfer of this significant healthcare asset to STORE Capital. BGL’s Healthcare Real Estate team acted as the exclusive advisor to the seller throughout the process.
The Garden State Medical Center (GSMC) is recognized as one of the largest orthopedic and interventional pain practices in New Jersey. The portfolio includes seven practice locations, with the most notable facility situated in Whiting, NJ. This location is home to the Manchester Surgery Center, a state-of-the-art ambulatory surgery center (ASC) that features advanced medical facilities, including four private pre-operative areas, four recovery beds, and two operating rooms.
Founded in 2004, GSMC has established itself as a leader in the Shore Region of New Jersey, specializing in orthopedic and spine surgery, interventional pain management, sports and regenerative medicine, and rheumatology. The healthcare practice is committed to providing high-quality medical services to its patients in the area.
BGL’s Healthcare Real Estate team, led by industry experts John Riddle and Sean Maynard, is recognized for its expertise in advising both private and institutional healthcare organizations. The team offers a range of financial solutions, including sale-leaseback transactions, asset disposition, and private placement strategies, which are crucial for optimizing capital structures in the healthcare sector.
The transaction also reflects ongoing trends in investment within the medical outpatient real estate and Real Estate Investment Trust (REIT) sectors. For insights into these trends, BGL has published its latest Mid-Year Market Update, accessible for those interested in understanding the current landscape.
Brown Gibbons Lang & Company operates as a prominent independent investment bank and financial advisory firm, focusing on the global middle market. With offices in major cities such as Boston, Chicago, Cleveland, Los Angeles, and New York, BGL provides a wide array of financial services, including mergers and acquisitions, capital markets, and business valuations. As a founding member of REACH Cross-Border Mergers & Acquisitions, BGL extends its services to clients in 30 countries worldwide.
For further information about BGL and its services, visit their official website at www.bglco.com.
