Large-scale medical outpatient building reflects continued investor demand in Northern Virginia
Alexandria, VA – Global commercial real estate advisor, Avison Young, today announced it has arranged the sale of a 117,250-square-foot (sf) medical outpatient building (MOB) located at 4660 Kenmore Avenue in Alexandria, Virginia in an off-market transaction. The acquisition closed on April 13, 2026.
The Avison Young team was led by Jim Kornick and Mike Wilson, Principals and Co-Leaders, U.S. Healthcare Capital Markets with support from Erik Foster, Principal. The buyer has also tapped Avison Young for Property Management services.
“This is a sizable, institutional-quality medical outpatient asset, and opportunities of this scale are highly desirable in Northern Virginia,” said Kornick. “At 117,250 square feet, the property offers the critical mass, strong tenant demand and attractive risk-adjusted returns healthcare investors are seeking today.”
“We are thrilled to add the Alexandria Professional Center to our growing portfolio. Its combination of strong in-place tenancy and significant upside is ideal for our value-add strategy. Thank you to the teams at Avison Young and Capital One for their flawless execution,” added Andrew Eckman, Vice President, CPF Healthcare Real Estate.
The acquisition reflects the continued appetite among healthcare investors for well-located medical outpatient assets in Northern Virginia. The region remains one of the most active healthcare real estate markets in the country, driven by a high concentration of major health systems, aging demographics, and a limited supply of quality medical inventory.
About Avison Young
Avison Young is a global commercial real estate advisory firm that’s been committed to making great places for people since 1978. With more than 100 offices and 4,000+ real estate professionals worldwide, the firm combines global reach with market intelligence to help move the industry forward. Its expertise spans across all aspects of commercial real estate including office, industrial, retail, capital markets, multi-residential, hospitality, healthcare, life sciences, land and development, institutional, and a broad range of specialty practices to deliver customized solutions that meet clients’ needs.
Avison Young has achieved Canada’s Best Managed Companies Platinum Club designation for 14 consecutive years, reflecting strong business performance and sustained growth.
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