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News Release: Just Closed: Patients Medical Office Building and Chenal Medical Pavilion


Investment Advisory

Healthcare Capital Markets

Just closed: Patients Medical Office Building & Chenal Medical Pavilion

The JLL Healthcare Capital Markets Group is pleased to announce the sale of Patients Medical Office Building and Chenal Medical Pavilion.  The two properties total 91,377 rentable square feet and are located in Pasadena, Texas and Little Rock, Arkansas, respectively.  Each asset is closely aligned with CommonSpirit Health and its CHI St. Luke’s and CHI St. Vincent affiliates, representing approximately 30% of the overall tenancy.  Patients Medical Office Building and Chenal Medical Pavilion serve as strategic outpatient facilities within their markets and house a variety of specialties including diagnostic imaging, pediatrics, dermatology, orthopedics, occupational medicine, pharmacy and laboratory services.

Brian Bacharach of JLL Healthcare Capital Markets Group served as the seller’s exclusive advisor.

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 life sciences, medical office, hospitals, seniors housing and post-acute care.  JLL is transacting $8 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 in the healthcare space.  JLL has an extensive national and international presence that delivers local market knowledge and exceptional access to capital for all of its healthcare clients.


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