Holliday Fenoglio Fowler, L.P. (“HFF”) has been retained on an exclusive basis to arrange the sale of a fee simple interest in PCL – MOB, a 30,800 sf medical office building located in the western New York village of Williamsville. As a suburb of Buffalo, Williamsville enjoys many of the city’s advantages while remaining able to keep a personal relationship with its residents and businesses and is among the top places to live in the Buffalo Niagara metropolitan area.
Williamsville has been ranked the best school district in Western New York for over 10 straight years, attracting many small businesses and families that wish to enjoy the benefits of the idyllic community. The renowned Main Street and participation of a large percentage of residents in community affairs have helped bolster area into a top tourist and business locale. For reasons like this, PCL – MOB has been able to attract top tenants that are committed to establishing themselves as a part of the community by providing care and support of its residents. The building’s anchor tenant, Western New York Radiology Associates, is also strongly affiliated with Kaleida Health, the largest and most well-known healthcare provider in the region. The 95% leased center has demonstrated its commitment to serve with a 9 year weighted average lease term and complementary health services.
-High income demographic
-NNN Leases
-Annual rent escalations
-Best-in-Class physicians
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Investment Contacts
Michael Bennett
Managing Director
(312) 528-3694
mbennett@hfflp.com
Phil Mahler
Managing Director
(312) 300-7319
pmahler@hfflp.com
Jack Dudick
Director
(312) 980-3618
jdudick@hfflp.com
Evan Kovac
Managing Director
(858) 812-2356
ekovac@hfflp.com
Andrew Scandalios
Senior Managing Director
(212) 632-1821
License #: 30SC0881430
ascandalios@hfflp.com
Mike Janus
Analyst
(312) 528-3677
mjanus@hfflp.com
Debt Contact
Steve Skok
Managing Director
(312) 528-3681
sskok@hfflp.com
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