The leading Chicago-based private real estate investment firm has acquired the 100 percent health system-leased, 15,100-square-foot McLaren St. Luke’s Medical Office Building in the growing suburb of Perrysburg
Stage Equity Partners has acquired the 15,100-square-foot, 100 percent leased McLaren St. Luke’s Medical Office Building in Perrysburg, Ohio.
PERRYSBURG, Ohio, and CHICAGO, Aug. 11, 2021 – Stage Equity Partners LLC has acquired the 15,100-square-foot, fully leased McLaren St. Luke’s Medical Office Building (MOB) in Perrysburg, 10 miles southwest of Toledo, Ohio.
The Chicago-based private real estate investment firm focusing on healthcare real estate (HRE) properties closed on the transaction Aug. 3. McLaren St. Luke’s occupies 100 percent of the building under a long-term lease.
“We are very pleased to add McLaren St. Luke’s as a valued tenant partner in our portfolio of healthcare properties,” says Brian L. Howard, Founder and President of Stage Equity Partners. “McLaren St. Luke’s is a strong, well-regarded hospital in the market and a subsidiary of McLaren Health Care Corporation, one of the largest healthcare systems in the Midwest.
He added, “McLaren St. Luke’s utilizes the facility to train their primary care physicians, and service the patient community at large. The MOB was specifically designed and constructed in a fast-growing suburb of Toledo, and located just off the highway and minutes from the 312-bed McLaren St. Luke’s Hospital. We look forward to continuing to grow our presence in Ohio with additional acquisitions and development.”
He noted that the building was recently constructed in 2018 and designed for McLaren St. Luke’s primary care practice, including the hospital’s sole residency and pharmacy training programs.
The modern one-story building contains a large waiting and reception area, 24 exam rooms, two procedure rooms, 12 administrative offices, a resident’s work area, a classroom and other employee spaces.
Marcus & Millichap brokered the transaction, and financing was provided by Chicago-based Byline Bank.
About Stage Equity Partners
Stage Equity Partners LLC is a private real estate investment firm specializing in healthcare real estate assets. Brian Howard founded Stage to generate significant, long-term yields by focusing on America’s growing healthcare economy.
Based in Chicago, Stage acquires, develops and operates medical facilities that are generally smaller in size and scope than assets targeted by healthcare REITs. By focusing on a fragmented industry niche, Stage has been able to aggregate a top portfolio of over 1,500,000 square feet of Class A medical facilities across the Country. Stage’s portfolio includes tenants such as S&P AA rated hospital systems, leading physician groups and national medical service providers.
Stage’s portfolio presently includes assets in Illinois, Texas, Georgia, Florida, Wisconsin, Ohio and Arkansas. By focusing exclusively on healthcare properties and with a hands-on management approach, Stage is able to operate each facility in order to provide the highest satisfaction for its medical tenants and their patients. Combined with strategic location relevance and synergistic tenant mix, Stage is able to compress vacancy risks and generate substantial risk adjusted financial returns.
For additional information, please visit www.stageequity.com.
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