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News Release: Just Closed – PennMarc Centre (Memphis, TN)

JUST CLOSED

PENNMARC CENTRE

Memphis, TN

Sale Date: 11/9/20

Building Size: 135,270 SF

Occupancy: 81%

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the PennMarc Centre (the “Property”), located in Memphis, Tennessee. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Sabrina Solomiany and Zack Holderman partnered with Johnny Lamberson and Terry Radford in the Memphis market to act as the seller’s exclusive advisors.

The Property is a six-story, 135,270 square foot medical office building that is 81% leased to a synergistic mix of tenants with specialties that include allergy & asthma, pharmacy, diagnostic imaging and pediatric ophthalmology. PennMarc Centre is strategically located on Poplar Avenue near busy I-240 and benefits from proximity to multiple area hospitals including Methodist Le Bonheur Germantown Hospital, St. Francis Hospital-Memphis and Baptist Memorial Hospital-Memphis.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

JORDAN SELBIGER
Director
Investment Properties
+1 404 923 1259

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

SABRINA SOLOMIANY
First Vice President
Debt & Structured Finance
+1 404 536 5054

ZACK HOLDERMAN
Senior Vice President
Debt & Structured Finance
+1 858 546 4670

JOHNNY LAMBERSON
Senior Vice President
CBRE Memphis Investment Properties
+1 901 260 1060

TERRY RADFORD
First Vice President
CBRE Memphis Investment Properties
+1 901 260 1022

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