Sept. 17, 2025
— Jeff Ward, Lehigh Valley News Briefs
Four Corners Property Trust, a California-based real estate investment trust (REIT), has acquired a medical building at 2450 Butler St. in Wilson Borough for $6.64 million.
The building houses a Patient First office. The sale was recorded by Northampton County on Sept. 4. The transaction includes nearby parking lots.
Last April, Four Corners bought the medical building at 2310 Schoenersville Road in Hanover Township for $6.6 million.
There are a lot of medical offices in the Lehigh Valley, but they continue to draw investor interest and new ones have been put up.
The Mill Valley, California-based real estate investment trust (REIT) said on its website that “we own, acquire, and lease a wide spectrum of net lease retail properties. Our diverse portfolio includes restaurants, medical retail facilities, automotive service centers, and various other retail locations.”
Shares of Four Corners (NYSE:FCPT) finished at $25.62 at the close of regular trading yesterday. That gives the REIT a market capitalization of $2.68 billion.
Most real estate investment trusts (REITs) own retail, residential, warehouse and office properties. They give investors a chance to invest in real estate without managing properties. Some REITs invest in mortgages secured by income-producing properties.
Lehigh Valley News Briefs 