Inova Loudoun II was purchased by Healthcare Realty Trust. (Photo courtesy of Avison Young)
Washington, DC – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today the sale of Inova Loudoun II, a 103,500-square-foot (sf) class A medical office building located on the campus of Inova Loudoun Hospital at 44035 Riverside Parkway in Leesburg, Virginia.
Avison Young Principals Jim Kornick, Chip Ryan, Mike Wilson, Erik Foster and Executive Vice-President of healthcare services Mark Johnson executed the off-market sale. The team represented the seller, a joint-venture between Washington, DC developer Foulger-Pratt and a global real estate investment management firm.
“Jim Kornick and his team delivered a seamless execution of a complex transaction with a highly motivated and professional purchaser,” comments Foulger-Pratt Senior Vice-President Michael Abrams.
Inova Loudoun II was purchased by Healthcare Realty Trust.
“This acquisition is a significant addition to our growing portfolio and exemplifies our strategy of acquiring core medical facilities on the campuses of market-leading health systems,” says Healthcare Realty Trust Vice-President Sushil Puria.
“Core medical office assets seldom trade in the Washington, DC market, making this 100% leased on-campus, multi-tenant property in affluent and fast-growing Loudoun County a particularly desirable transaction,” adds Kornick. “This sale continues the Avison Young team’s record of healthcare investment sales success across the U.S.”
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,400 real estate professionals in 79 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
-end-
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
