B
rown Gibbons Lang & Company (BGL), a leading independent investment bank, has announced the sale of the Garden State Medical Center (GSMC) real‑estate portfolio to STORE Capital. The transaction covers roughly 46,000 rentable square feet across Central and Southern New Jersey, with BGL’s Healthcare Real Estate team serving as the exclusive advisor to the seller.
The portfolio includes seven locations. The flagship site, Manchester Surgery Center in Whiting, NJ, is a state‑of‑the‑art ambulatory surgery center featuring four private pre‑operative bays, four post‑anesthesia care unit beds, four Phase‑2 recovery areas, and two operating rooms, supporting a broad range of surgical specialties.
Founded in 2004, GSMC is one of the largest physician‑owned orthopedic and interventional pain practices in New Jersey’s Shore Region. Its services encompass orthopedic and spine surgery, interventional pain management, sports and regenerative medicine, and rheumatology. The practice is led by John Riddle and Sean Maynard.
BGL’s Healthcare Real Estate division specializes in capital‑market solutions for private and institutional healthcare entities, including sale‑leaseback transactions, asset dispositions, debt and equity recapitalizations, private placements, and tax‑deferred UPREIT structures. For insights on current trends in medical outpatient real‑estate and REIT investment, refer to BGL’s Mid‑Year Market Update.
About BGL: The firm is a leading independent investment bank focused on the global middle market, advising private and public companies and private‑equity groups on mergers and acquisitions, capital markets, financial restructurings, valuations, and strategic matters. BGL maintains offices in Boston, Chicago, Cleveland, Los Angeles, and New York, with real‑estate offices in Chicago and Cleveland. It is a founding member of REACH Cross‑Border M&A, enabling service to clients in 30 countries. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, a registered broker‑dealer and member of FINRA and SIPC. More information is available at www.bglco.com.
