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Care Lane Medical Offices Sold for $11.5 Million

Written by Staff Report on . Posted in Featured, News.

SARATOGA SPRINGS — A joint St. Peter’s Health Partners and Saratoga Hospital outpatient facility has been sold for $11.5 million. 

The approximate 36,000 sq. ft. building which includes the offices of Saratoga Cardiology Associates and Saratoga Hospital Medical Group – Neurology, and Regional Therapy Center alongside others, is located at 6 Care Lane in the medical office park off Church St. in Saratoga Springs. 

Also in the Care Lane Medical Park are OrthoNY and Saratoga County Oral & Maxillofacial Surgery Associates. 

A deed change filed with Saratoga County on March 1 shows details of the building
being sold by two LLCs associated with cardiologists Roland Phillips and David Kandath to a Minneapolis and Missouri based investor, an LLC associated with Jon Lewin of MedCraft. 

MedCraft Healthcare Real Estate is an investor in healthcare properties exclusively. This is the firm’s first real estate in upstate New York, although it has completed 85 projects across the nation.

Staff Report

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