News Release: Seavest announces new tenants at newly renovated Fair Oaks Medical Building II

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Leases signed for Inova wound care facility and gastroenterology practice

FAIRFAX, Va., and WHITE PLAINS, N.Y., Sept. 2, 2015 – White Plains-based Seavest Healthcare Properties LLC has announced new leasing activity at its Fair Oaks Medical Building II, located at 3700 Joseph Siewick Drive, on the campus of Inova Fair Oaks Hospital in Fairfax, Va., a suburb of Washington, D.C.

Recent leases in the four-story, 79,300 square foot medical office building (MOB) include 6,000 square feet to Inova Health Care Services for a state-of-the-art wound care facility and 5,100 square feet to Gastroenterology Associates of Northern Virginia (www.novagi.com) for the expansion of its clinical facilities on the campus.

“We are happy to announce this leasing activity at Fair Oaks Medical Building II, and welcome our most recent tenants,” says Seavest Vice President, Asset Management Malika Basheer. “The building’s on-campus location, tenant mix and pleasing atmosphere resulting from the recent renovations make it an outstanding place to work and to receive quality healthcare.”

During the past year, Seavest made a $1 million investment in renovations to the building’s lobbies, restrooms and common areas as well as upgrades to the building mechanical systems. A new EMS system that monitors all HVAC equipment, replacement of rooftop heating and cooling units, and a new building roof system were installed. Interior renovations – including new lighting, flooring and ceiling tiles; new lobby furniture; paint and wall coverings; and updated common area restrooms – were completed in the spring.

Fair Oaks Medical Building II flanks the 182-bed Inova Fair Oaks Hospital and is conveniently adjacent to ample parking in a four-level, 950-space facility.

For leasing information at Fair Oaks Medical Building II, please contact Charles Feitel of Health-Pro Realty Group at 301-365-6940 or cfeitel@medicalanddentalspace.com.

About Seavest Healthcare Properties LLC

Seavest Healthcare Properties LLC is a sector-focused real estate investment management firm that forms joint ventures with established developers to build new properties and acquires existing medical office buildings, outpatient facilities and similar healthcare real estate assets. A pioneer in this sector, Seavest made its first healthcare real estate investment in the mid-1980s. Today, the firm has a significant portfolio of medical office and outpatient properties which are held in dedicated healthcare real estate investments. For more information, please visit www.SeavestHCP.com or call (914) 683-8474.

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