Malvern’s BluePearl Pet Hospital One of CBRE Mid-Atlantic Net Lease Team’s 60 Closings in 2022

BluePearl Animal Hospital in Malvern
Image via CBRE.

The BluePearl Pet Hospital in Malvern and a Wawa in Harleysville were among the 60 net lease closings that CBRE’s Mid-Atlantic Net Lease Property Group completed in 12 states throughout the country in 2022.

Despite climbing interest rates, the transactions are considered a boon to the net lease market.

The CBRE Mid-Atlantic NLPG — which consists of Michael Shover, Matthew Gorman, Thomas Finnegan, and Robert Thompson — specializes in the sale, purchase, and recapitalization of net leased investment properties throughout the U.S. and arranges the transactions on behalf of their clients.

“2022 was a volatile year in the market to say the least,” said Shover. “We haven’t experienced a shift as dramatic in such a short period of time since 2008, but our segment of the industry and team performed better than most.”

“This year will most likely be a down market, that’s where certainty of execution becomes paramount,” said Gorman. “During market shifts, we experience a flight to quality and stability, both major reasons why net lease properties remain at the top of many investors’ lists.”

Most of the transactions closed by the team in 2022 were in Mid-Atlantic markets. Highlights include:

  • 12 closings in the healthcare industry, including BluePearl Pet Hospital in Malvern
  • 14 closings in the restaurant industry, including Burger King in Whitehall, Pa.
  • 6 closings in the c-store industry, including Wawa in Harleysville
  • 13 closings in the dollar-store industry

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm. The company has more than 105,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction, and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services; and development services.

Learn more about CBRE’s Mid-Atlantic Net Lease Property Group.

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