| CBRE U.S. Healthcare Capital Markets acted as the exclusive advisor for the sale of the Edmonds Medical Center in Edmonds, Washington. | ||||||||||
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CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Edmonds Medical Center (the “Property”). Chris Bodnar and Lee Asher partnered with Paul Carr, Steve Perovich and Marcus Yamamoto of the CBRE Puget Sound Healthcare Properties Team to act as the Seller’s exclusive advisors.
The Property is a two-story, 54,516 rentable square foot medical office building. Built in 1991, it underwent an extensive renovation and expansion in 2007 that enlarged the building by nearly 14,000 square feet. At the time of acquisition, the building was 100 percent leased to nine tenants, including Virginia Mason Health System, which leases approximately 60 percent of the building, and Swedish Health Services, a member of Providence St. Joseph Health, the largest not-for-profit healthcare provider in the Greater Seattle area, which leases approximately 12 percent of the building. The 217-bed Swedish Edmonds hospital campus is located approximately one-quarter mile from the Edmonds Medical Center.
For more information, or if we can help with your healthcare real estate holdings, please contact us.
Contacts: U.S. Healthcare Capital Markets
| Chris Bodnar Vice Chairman Investment Properties +1 303 628 1711 chris.bodnar@cbre.com |
Lee Asher Vice Chairman Investment Properties +1 404 504 5965 lee.asher@cbre.com |
Shane Seitz Senior Vice President Debt & Structured Finance +1 303 583 2033 shane.seitz@cbre.com |
| Ryan Lindsley Senior Director Investment Properties +1 303 628 1745 ryan.lindsley@cbre.com |
Sabrina Solomiany Senior Director Investment Properties +1 404 536 5054 sabrina.solomiany@cbre.com |
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