One of the largest transactions during the first quarter was the $39.9 million acquisition by Physicians Realty Trust of the 131,000 square foot Peachtree Dunwoody Medical Center in Atlanta. Newmark Grubb Knight Frank negotiated the sale. Photo courtesy Newmark Grubb Knight Frank
By John B. Mugford
After a record-setting year and fourth quarter (Q4) of 2013 for medical office building (MOB) sales, a letdown was certainly in the works to kick off 2014. And sure enough, the total MOB sales volume for Q1 fell 37 percent from the previous quarter, Q4 2013.
But that doesn’t mean Q1 sales were weak by any means, as the total volume of $1.75 billion ranks as the fourth best quarter on record, according to statistics supplied by research firm Real Capital Analytics (RCA) Inc. The sales figures include only transactions topping $5 million.
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