JLL Capital Markets completed the sale of the four-property portfolio to Montecito Medical
CHICAGO, July 16, 2026 – JLL Capital Markets announced today that it has completed the sale of a fully leased, four-property medical building portfolio in the Greater Kansas City area.
JLL worked on behalf of several different physician groups, Orthopedic Health of Kansas City, Kansas City Urology Care PA and Sunflower Medical Group, to complete the off-market sale to Montecito Medical.
The portfolio consists of 1950 Diamond Pkwy. in North Kansas City, Kansas; 8800 Ballentine in Overland Park, Kansas; 10950 W. 86th St. in Lenexa, Kansas; and 17525 Medical Center Pkwy. in Independence, Missouri. The properties are strategically located in affluent submarkets throughout Kansas City with prime visibility, high traffic counts, convenient access to major roadways and significant barriers to entry.
Totaling 86,135 square feet, the portfolio is fully leased to three of Kansas City’s most prestigious regional medical practices, Orthopedic Health of Kansas City, Kansas City Urology Care and Sunflower Medical Group, PA. The three practices offer a wide spectrum of specialties and high acuity programs, including an ambulatory surgery center, interventional radiology, orthopedics, urology, oncology, physical therapy, urgent care and women’s health.
“We’re pleased to add this exceptional portfolio to our growing national portfolio of healthcare real estate,” said Chip Conk, CEO of Montecito Medical. “The quality of these physician groups, the strength of their long-term commitment to the market and the mission-critical nature of these facilities make this an outstanding fit for Montecito. We look forward to building lasting partnerships that help these providers continue to grow and thrive.”
JLL’s Capital Markets’ Medical Properties group representing the seller was led by Senior Managing Directors Evan Kovac, Andrew Milne and John Chun, Managing Director Tim Joyce and Senior Director Matt DiCesare. Executive Vice President Jim Gates in JLL’s Kansas City office provided local market expertise.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
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About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Montecito Medical
Montecito Medical is one of the nation’s largest privately held companies specializing in medical and veterinary real estate acquisitions and partnering with providers and developers to fund the development of new properties. The company also supports providers with a suite of AI-powered technology solutions that increase revenues, reduce costs, and build physician wealth. Since 2006, Montecito has completed more than $6.5 billion in medical and veterinary real estate transactions. Headquartered in Nashville, TN, the company has consistently been named as a “key influencer in healthcare real estate” by GlobeSt.com and the editors of Real Estate Forum.
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