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News Release: Quorum Health Resources Leases Mallory Park Building Developed by Southeast Venture

News Release: Quorum Health Resources Leases Mallory Park Building Developed by Southeast Venture

Quorum Health Resources moving headquarters from Maryland Farms into new Mallory Park buildings NASHVILLE, Tenn. November 25, 2015 — Quorum Health Resources, a subsidiary of Community Health Systems, has signed a lease for the second of two buildings in Mallory Park being developed by Southeast Venture. In September, Mallory Park was announced as the future headquarters […]

November 2015 PDF

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Archives: November 2015

Archives: November 2015

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Transactions: MOB sales remain on record pace

Transactions: MOB sales remain on record pace

Relentlessly red-hot investment market accelerated to another record during Q3 By John B. Mugford With just one quarter left in 2015, the total dollar volume of medical office building (MOB) sales for the year was approaching, and was certainly on a course to surpass, the record-setting total of a 2014. That 2015 is turning out […]

Seavest Healthcare Real Estate has acquired the recently completed, 207,000 square foot Grandview Physicians Plaza on the campus of the new Grandview Medical Center on U.S. Highway 280 in Birmingham, Ala. (Photo courtesy of Seavest Healthcare Properties)

Transactions: Seavest lands MOB on Trinity campus

Private equity firm acquires Grandview Physicians Plaza in Birmingham, Ala. By John B. Mugford For more than a decade, a nearly completed but never opened 12-story hospital loomed over a busy stretch of U.S. Highway 280 about eight miles south of downtown Birmingham, Ala. The Digital Hospital was to be the flagship hospital for HealthSouth […]

Meridian, which focuses on acquiring and revamping value-add medical office purchases in Northern California, recently sold this two-story, 69,000 square foot building in Rohnert Park, 50 miles north of San Francisco, for $21.5 million. (Photo courtesy of Meridian)

Transactions: Meridian divests revamped MOB

Firm sells office building in Rohnert Park, Calif., that it acquired and repurposed By John B. Mugford It looks as if the value-add purchase that San Ramon, Calif.-based Meridian made in March 2014 has paid off – after the company used plenty of foresight and made upgrades to the facility. The firm, a subsidiary of […]

Transactions: Health system acquires Building that it occupies in Chula Vista, Calif.

CHULA VISTA, Calif. – San Diego-based Sharp Healthcare recently paid $22.5 million to acquire a three-story, 67,000 square foot MOB at 1400 East Palomar St. in Chula Vista, according to data from real estate researcher Real Capital Analytics (RCA) Inc.

Transactions: Welltower acquires MOB in Baltimore suburbs for $35.5 million, $541 PSF

COLUMBIA, Md. – Toledo, Ohio-based Welltower (NYSE: HCN), formerly known as Health Care REIT, recently acquired an MOB in the tight Baltimore suburban market for $541 per square foot (PSF).

Transactions: Hammes Partners pays $18.5 million for orthopedic facility in Appleton, Wis.

APPLETON, Wis. – Brookfield, Wis.-based Hammes Partners II LP, an investment fund affiliated with Hammes Company, recently acquired the Hand to Shoulder Center in Appleton, about 30 miles south of Lambeau Field in Green Bay.

Transactions: More Healthcare Real Estate Transactions

A joint venture (JV) of Miami-based Flagler Investment Property Group and a medical tenant, the Orthopedic Medical Center of Palm Beach County, recently acquired the JFK Medical Arts building in Atlantis, Fla., for $12.5 million. The 52,149 square foot MOB is at 180 John F. Kennedy Drive and is fully occupied. The seller was Coral […]

The New Albany MOB in New Albany, Ind., a suburb of Louisville, Ky., is located just a couple of blocks from Floyd Memorial Hospital. The building is for sale and is being marketed by John Smelter and the Marcus & Millichap healthcare team.
Photo courtesy of Marcus & Millichap

Hot Property: Former Winn-Dixie is now an MOB

Local doctor acquired, then remodeled grocery store space in New Albany, Ind. Name: New Albany MOB Address: 2125 State St. City, State: New Albany, Ind. Total leasable space: 59,587 s.f. Occupancy: 95% Land size: 8.3 acres Built/remodeled: 1996/2005 Largest tenant: Floyd Memorial Hosp. Brokerage: Marcus & Millichap Seller: Akin Properties LLC Brokers: John Smelter, Nicholas […]

Transactions: Wheaton, Ill., physician sells MOBs for $17M to Inland Group fund

WHEATON, Ill. – A physician based in Wheaton, in the west suburbs of Chicago, recently netted a better return selling real estate than he probably ever could for treating his primary care patients.

Transactions: MedProperties Group buys Thunderbird Wellness Centre in Peoria, Ariz.

PEORIA, Ariz. – Northbrook, Ill.-based MedProperties Group recently paid $15.5 million, or $276 PSF, for the 56,411 square foot, four-building Thunderbird Wellness Centre in Peoria, in the West Valley of Greater Phoenix.

Outpatient Projects: Big MOB rehab shaping up in Atlanta

Outpatient Projects: Big MOB rehab shaping up in Atlanta

HealthAmerica starts project at one of the city’s most desirable medical locations By John B. Mugford For a number of years now, Thomas W. “Tommy” Tift III and his team at Atlanta-based HealthAmerica Realty Group waited for the right time to start a major remodeling of its signature medical office building (MOB) in the northern […]

Outpatient Projects: Massive, $500 million facility to bolster outpatient care at Rush in Chicago

CHICAGO – With its outpatient space busting at the seams, Rush University Medical Center plans to build a new facility just across the street from its main hospital tower just outside of downtown Chicago.