One of the largest medical office building (MOB) sales transactions during the fourth quarter was the $45.6 million acquisition of 100,000 square foot 140 Park Ave. in Florham Park, N.J., by JLL Income Property Trust, a non-listed real estate investment trust (REIT) based in of Stamford, Conn.. The seller was Rockefeller Group and Stan Johnson Company was the broker. Photo courtesy of Summit Medical Group
But as 2015 came to an end, volume showed signs of slowing, if ever so slightly
By John B. Mugford
On the surface, medical office building (MOB) sales remained strong throughout the record-setting year of 2015. But by the end of the year, the total sales volume in the fourth quarter (Q4) showed some signs of slowing down.
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