FOR IMMEDIATE RELEASE
Hammond Hanlon Camp LLC Advises on the Sale of 3-Building Massachusetts Medical Office Portfolio
NEW YORK — August 21, 2019 — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor to a privately owned healthcare real estate investment company on the sale of a three-building medical office portfolio located in Springfield, Mass. (the “Pioneer Portfolio”).
The Pioneer Portfolio consisted of three outpatient facilities that were 95 percent leased overall and anchored by Pioneer Spine and Sports Physicians, the largest sports medicine physician group practice in the Western New England region. The price totaled $12.15 million, or $332 per square foot.
H2C conducted a thorough marketing process for the portfolio that resulted in numerous offers and maximized the value of the assets through multiple bidding rounds. The transaction successfully closed 125 days following the formal marketing commencement, demonstrating a highly efficient marketing and transaction process.
“We were pleased to help our client realize the significant value it created in this portfolio. The market responded favorably to the portfolio’s income stability and strategic value to its tenants in a high barrier-to-entry market,” said John Nero, Director, H2C. Email John.
An H2C team headed by John Nero and Matthew Tarpley, Vice President, led the transaction.
ABOUT HAMMOND HANLON CAMP LLC
Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, real estate, and restructuring transactions, acting as lead advisor on hundreds of transactions representing billions of dollars in value.
Hammond Hanlon Camp LLC conducts securities-related engagements through its wholly-owned subsidiary, H2C Securities Inc., member FINRA/SIPC.
For more information, visit h2c.com.
NEW YORK
623 Fifth Avenue
29th Floor
New York, NY 10022
212 257 4500
ATLANTA
3333 Piedmont Road
Suite 725
Atlanta, GA 30305
404 937 1350
CHICAGO
311 S. Wacker Drive
Suite 5425
Chicago, IL 60606
312 508 4200
SAN DIEGO
4655 Executive Drive
Suite 280
San Diego, CA 92121
858 242 4800
MEDIA CONTACT
Kelly Duong
858 242 4810
kduong@h2c.com
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
