Hock Plaza II & Duke Fertility Center in Durham, North Carolina (Photos courtesy of JLL)
The transaction involved the investment sale of Hock Plaza II and Duke Fertility Center in Durham, North Carolina.
Deal highlights
Property type: Medical office
Sale date: November 8, 2016
Square feet: 98,324 r.s.f.
Purchase price: $34,750,000
Occupancy: 100%
The JLL Healthcare Capital Markets Group is pleased to announce the sale of Hock Plaza II and Duke Fertility Center, two Class A medical office buildings totaling 98,324 rentable square feet in Durham, North Carolina. Mindy Berman and Daniel Turley of the JLL Healthcare Capital Markets Group served as the seller’s exclusive advisor. The sale involved two new institutional quality medical office buildings with a total of 98,324 rentable square feet with direct occupancy by Duke University Health System. Hock Plaza II sits immediately across the street from the world-renowned Duke Medical Center. Duke Fertility Center is located in a desirable community in South Durham with convenient access for its patients and clinicians. Both buildings are 100% occupied.
JLL Healthcare Capital Markets
JLL Healthcare Capital Markets is the only national full service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transact over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients. JLL has an extensive national and international presence that delivers local market knowledge and exceptional access to capital.
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