Recently closed transaction, Spectrum Health West Pavilion – Grand Rapids, MI (MSA)
Michael Bennett of Newmark Grubb Knight Frank acted as exclusive advisor on the sale of the Spectrum Health West Pavilion, located ub the Grand Rapids, MI MSA. The Property was 100% occupied by Spectrum Healthcare, rated Aa3 by Moody’s. The 15 Year NNN Lease had 9 years remaining at the time of sale. NGKF marketed the property to a large pool of qualified investors and procured multiple offers within a few days. The property closed with an institutional investment fund on an all-cash basis.
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