The Class A New Albany Medical Building II on the Mount Carmel Surgical Hospital campus is occupied by OrthoNeuro, New Albany Surgery Center and other tenants
Davis will manage its newly acquired New Albany Medical Building II and develop a skyway linking the building to the adjacent Mount Carmel Surgical Hospital.
NEW ALBANY (COLUMBUS), Ohio, and MINNEAPOLIS, Dec. 18, 2019 – Davis announced that it has acquired the 59,233 square foot, Class A New Albany Medical Building II in New Albany, an upscale suburb of Columbus. The $18.4 million acquisition closed Nov. 15.
The medical building is at 5040 Forest Drive on the campus of Mount Carmel Surgical Hospital, which is owned by Michigan-based Trinity Health, a not-for-profit Catholic health system with 93 hospitals in 22 states.
The building is 80 percent occupied by multi-specialty healthcare tenants, including OrthoNeuro, New Albany Surgery Center and three smaller tenants.
“This acquisition was an excellent opportunity for Davis,” explains Mark Davis, Founder and Partner of the national healthcare real estate development, property management, brokerage and investment firm headquartered in Minneapolis. “It’s located in a growing, prosperous area near Columbus with good demographics. It’s also on the Mount Carmel Surgical Hospital campus, which is owned by Trinity Health, a highly regarded national healthcare system. In addition, we’re fortunate that the building houses a number of high-quality medical tenants.”
He added, “We plan to invest in and enhance this property, including developing a skyway that links to the surgical hospital, which will provide greater convenience and accessibility for patients and staff. We will also provide first-class property management services for the tenants and assist them with their expansion needs in the building.”
A limited amount of space is still available at the New Albany Medical Building II. For leasing information, please contact Jill Rasmussen, jrasmussen@davishre.com or 952-393-7398.
About Davis
Davis, founded in 1986, is a national healthcare real estate firm that offers unparalleled expertise in healthcare real estate development, property management, brokerage, investment and consulting services to health systems, hospitals, individual medical groups, specialty practices and other healthcare organizations. Over the past five years, the company has developed 20 Class A medical buildings totaling $250-plus million in development costs and completed 20 investment transactions totaling more than $400 million. It has also negotiated more than 250 healthcare property leases totaling 1.2 million square feet during that time. For more information, please visit www.davishre.com.
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