Onicx Group, based in Tampa. Florida, announced that it acquired a medical outpatient building (MOB) located in King of Prussia, Pennsylvania.
The Merion Building is a 71,800-square-foot Class A MOB. The asset is currently 75% leased and features a strong synergistic tenant roster serving a range of outpatient medical specialties.
Onicx Group is a prominent developer and a trusted real estate partner for health systems and physician practices, with a longstanding focus on healthcare real estate. The company was founded in 2004.
This transaction represents the third asset to be acquired within the last six months by Onicx, and its first in 2025. Onicx has additional properties currently under contract and slated to close in the coming months. Newmark represented the seller in the transaction, and financing was provided by Wintrust Bank.
In 2024, Onicx acquired a 25,000-square-foot MOB in Lafayette, Indiana as well as a 31,000-square-foot MOB in Trinity, Florida.
According to data captured in the LevinPro HC database, this transaction marks the 59th MOB deal of 2025, as well as the sixth MOB deal reported in Pennsylvania this year. There were 213 MOB transactions announced throughout all of 2024.
