News Release: Just closed: Trilogy Medical Office Building, Mars, PA

The JLL Healthcare Capital Markets Group is pleased to announce the sale of the 30,076 square foot Trilogy Medical Office Building located in Mars, Pennsylvania, a suburb of Pittsburgh.  Completed in 2006, the property is 93 percent occupied by Pittsburgh’s largest healthcare providers including the University of Pittsburgh Medical Center, Allegheny Health Network, Butler Health System and UnitedHealth Group’s OptumHealth division.  The Trilogy Medical Office Building is strategically located in the rapidly growing Cranberry Township submarket of Pittsburgh with easy access to multiple interstates which connect to many adjacent prospering residential communities.

Steve Leathers of the JLL Healthcare Capital Markets Group served as the seller’s exclusive advisor.  IRA Capital, a real estate private equity firm with a diverse portfolio of commercial properties throughout the United States, acquired the Trilogy Medical Office Building.

JLL Healthcare Capital Markets

JLL Healthcare Capital Markets is the only national full service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients. JLL has an extensive national and international presence that delivers local market knowledge and exceptional access to capital.

Steve Leathers
T +1 212 812 5867
M +1 949 922 4195
steve.leathers@am.jll.com

Mindy Berman
T +1 617 316 6539
M +1 617 899 0657
mindy.berman@am.jll.com

Daniel Turley
T +1 214 438 6374
M +1 212 729 9327
daniel.turley@am.jll.com

Brian Bacharach
T +1 214 438 6462
M +1 214 476 3511
brian.bacharach@am.jll.com

Justin Hill
M +1 419 973 1854
justin.hill@am.jll.com