News Release: Just Closed – Project Blue Spruce

Capital Markets | Healthcare & Life Sciences

Just Closed

100% Leased | 8 Medical Office Buildings | 177k Total SF

Transaction Highlights

Date Closed 03/23/2022

Size 177,000 SF

Occupancy 100%

Project Blue Spruce

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of the Project Blue Spruce (the “Portfolio” or alternatively, the “Properties”). Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Cole Reethof, Sabrina Solomiany and Zack Holderman partnered with CBRE local market experts Scott Carter, Morgan Hillenmeyer, Patrick Gildea and John Heald to act as the seller’s exclusive advisors.

The Portfolio consists of eight (8) medical office buildings featuring dominant tenancy and eleven years of weighted average lease term. The Properties are a combined 177,000 square feet and are located across four (4) states: North Carolina, Tennessee, Florida, and Texas. Project Blue Spruce is 100% net-leased, with over two-thirds (2/3) of the overall tenancy comprised of Orthopedics, Oncology and Imaging, which are high demand specialties with exceptional profitability. Other specialties include Ophthalmology and Dermatology, both of which include ambulatory surgery centers creating an ideal mix of acuity within the properties.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

For more information, please contact:

Lee Asher
Vice Chairman
Investment Properties
+1 404 504 5965

Chris Bodnar
Vice Chairman
Investment Properties
+1 303 628 1711

Jordan Selbiger
Senior Director
Investment Properties
+1 404 923 1259

Ryan Lindsley
Senior Director
Investment Properties
+1 303 628 1745

Cole Reethof
Associate Director
Investment Properties
+1 404 504 7864

Sabrina Solomiany
First Vice President
Debt & Structured Finance
+1 404 536 5054

Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 546 4670

cbre.com/cm-healthcare