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Transactions: Q3 MOB sales were a strong $2.57B

Based on volume so far this year, sales are on a pace to again top $10 billion

By John B. Mugford

Third quarter (Q3) MOB sales were highlighted by LaSalle Investment Management’s $404 million acquisition of the 510,000 square foot Memorial Hermann Medical Plaza in Houston. The seller was Mischer Investments of Houston.

At this point, with the results of medical office buildings (MOB) sales for the third quarter (Q3) now in, it looks as if the total volume for 2018 is going to surpass $10 billion for the fourth straight year.

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