News Release: Cushman & Wakefield’s Healthcare Capital Markets Team Closes Sale of Anderson Ferry Plaza (Cincinnati)

For Immediate Release

$4.2M Sale of Well-Located MOB in Cincinnati Suburbs

CHICAGO, May 7, 2021 – Cushman & Wakefield announced today that the firm’s Healthcare Capital Markets team has completed the $4.2 million sale of Anderson Ferry Plaza, a 43,599-square-foot medical office building (MOB) in Cincinnati, Ohio.

Cushman & Wakefield Managing Directors Gino Lollio, Scott Niedergang and Travis Ives; Associate Kyle Seychel; and local Cushman & Wakefield colleagues Tom Powers and Mike Sullivan in Cincinnati represented Rialto Capital in its disposition to publicly traded healthcare REIT, Community Healthcare Trust, Inc.

Located at 2001-2045 Anderson Ferry Road, the multi-tenant MOB is more than 87% occupied and anchored by TriHealth Physician Partners. Additional tenants include ABC Pediatric Therapy, Clarkson Eye Care and Happy Hangout. The property is 15 minutes west of the Cincinnati CBD and 1.3 miles from Mercy Health-Queen City Medical Center. Additionally, the location has more than 210,000 residents within a five-mile radius and average household income of more than $69,000.

“Anderson Ferry Plaza’s location and demographics made it a compelling investment opportunity that drew significant interest,” said Gino. “This type of well-located healthcare property will continue to gain traction as a preferred investment for both private and institutional capital.”
In 2020, the Cushman & Wakefield Healthcare Capital Markets team closed 228 healthcare real estate transactions valued over $1.52 Billion.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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