Transactions: More HRE Transactions

  • DealPoint Merrill, a Los Angeles-based subsidiary of the Merrill Group of Cos., last fall closed escrow on a massive MOB complex, a former hospital, in downtown Dayton, Ohio. Elizabeth Place, on the banks of the Miami River, is an 820,000 square foot medical office facility that includes more than 100 medical practices. Included on the tenant roster is the Medical Center at Elizabeth Place, a 26-bed physician-owned hospital with four operating rooms. Formerly St. Elizabeth’s Hospital as well as Franciscan Medical Center, the building was closed as a hospital in the early 2000s, later undergoing a remodeling to become a medical office complex. The price was not disclosed. At one point, in 2007, the complex changed hands for $46.7 million. In the most recent transaction, the broker for the sale was Mark Mimms of Sperry Van Ness/MJM and Associates Inc.

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