News Release: HFF closes sale of The Children’s Hospital of San Antonio Health Pavilion in San Antonio, Texas
PHILADELPHIA, PA, April 3, 2019 – HFF announces it has closed the sale of The Children’s Hospital of San Antonio Health Pavilion, a brand new, 100-percent-leased, 57,250-square-foot, state-of-the-art and purpose-built medical office building located in the prestigious Stone Oak submarket of San Antonio, Texas. HFF marketed the asset on behalf of the seller, Seavest Healthcare […]
News Release: Avison Young brokers sale of two premier medical office buildings in Fairfax, Va.
Two medical office buildings on the Inova Fair Oaks Hospital campus sell for $46 million WASHINGTON – Avison Young announced today that it has negotiated the sale of two medical office buildings located on the Inova Fair Oaks Hospital campus in the affluent Washington suburb of Fairfax, Va. The buildings at 3650 and 3700 Joseph Seiwick Drive total 158,338 square […]
Transactions: Healthcare Realty Trust lands a pair of D.C.-area MOBs
$46 million purchase was part of $121 million in recent MOB buys for the REIT By John B. Mugford FAIRFAX, Va. — Publicly traded healthcare real estate investment trusts (REITs) are typically prone to acquire nearly-filled, stabilized medical office buildings (MOBs) that do not require much effort to add value. There are exceptions, of course, […]
News Release: Healthcare Realty Trust Completes Recent Acquisitions
April 02, 2019 12:41 ET | Source: Healthcare Realty Trust Incorporated NASHVILLE, Tenn., April 02, 2019 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE: HR) recently acquired four medical office buildings in three separate transactions for an aggregate purchase price of $121.0 million. The transactions were primarily funded with net proceeds of $115.9 million from the Company’s equity […]
News Release: Adventus Realty Services Signs Molina Healthcare of Illinois in Renewal Lease
For Immediate Release Daniel Svachula, Michael Simpson and Allyson Yates represented Adventus Realty Services, Inc. CHICAGO, April 2, 2019 – Cushman & Wakefield has represented Adventus Realty Services, Inc., in lease renewal negotiations with Molina Healthcare of Illinois at 1520 Kensington at The Crossings of Oakbrook in Oakbrook, Illinois. The company occupies 37,127 square feet […]
News Release: Just closed: Flagship Medical Office Portfolio
The JLL Healthcare Capital Markets Group is pleased to announce the sale of the Flagship Medical Office Portfolio. The multi-state portfolio consists of eight on-campus and community-based outpatient facilities totaling 335,864 square feet located in desirable, growing major metropolitan areas across North Carolina, South Carolina and Virginia. The institutional quality assets include critical infrastructure for cancer treatment, […]
News Release: Cushman & Wakefield Advises $16.1M Medical Portfolio Sale in AZ – Demand for Quality Medical Investments at All-Time Highs
Cushman & Wakefield announced today a 39,305-square-foot (sf) portfolio consisting of three medical office buildings in the cities of Chandler and Gilbert, Arizona has sold for $16,100,000 ($410 PSF). The buyer was Global Medical REIT of Bethesda, Maryland. Cushman & Wakefield represented the anchor tenant and seller in the transaction, a local gastroenterology practice that […]
News Release: HFF advises on formation of programmatic joint venture between Baptist Health South Florida and Belmont Senior Living
Holliday Fenoglio Fowler, L.P. (HFF) announces today it has advised on the formation of a programmatic joint venture between Baptist Health South Florida, the largest not-for-profit healthcare organization in the region, and Belmont Village Senior Living, a nationally recognized luxury senior housing provider, to develop, own and operate senior housing communities in South Florida. HFF […]
News Release: NKF Orchestrates $11.35 Million Sale of 122-130 Marshall Road in Lowell, MA
JACO Realty Sells Department of Veterans Affairs-Leased Medical Office Building to Catalyst Capital Newmark Knight Frank (NKF) has successfully completed the $11.35 million sale of 122-130 Marshall Road in Lowell, Massachusetts to Catalyst Capital, a Los Angeles-based real estate investment and management firm specializing in U.S. government-leased properties. On behalf of JACO Realty, Executive Managing […]
News Release: Medical Specialty Practices Combine Forces to Build 42,000-Square-Foot Medical Office Building
CBRE announced today that it assisted four medical specialty groups to buy acreage and build a new medical office building. Molly Leach, vice president, CBRE, assisted the group in the purchase, located at 430 Altair Parkway, Westerville, Ohio, 43082. Ohio Gastroenterology, Central Ohio Skin & Cancer, Premier Urology and Professionals for Women’s Health were previously in […]
News Release: Historic Landmark set for Revitalization in Atlanta
FOR IMMEDIATE RELEASE NEWS RELEASE Date: March 25, 2019 ATLANTA, GEORGIA—A historic landmark hotel with quite an Atlanta history has been sold with plans for extensive affordable senior housing redevelopment. The former Atlanta Job Corp headquarters building in Atlanta’s West End was sold in late November to developer New Columbia Residential and Quest Community Development Organization. Daniel […]
News Release: Glenview Three-Building Medical Complex Sold by Bull Realty
FOR IMMEDIATE RELEASE NEWS RELEASE Date: March 25, 2019 Glenview, Illinois—Prairie Glen Medical Office Center in Glenview is centrally located to large Chicago-based hospitals and healthcare systems and is known to attract sizeable private practices and health system tenants. The 74,200 SF, three-building complex has been sold as of January 25, 2019 for $21,100,000. The seller was […]
News Release: Bull Realty is leading the commercial market with the most recent sale of two medical office buildings
FOR IMMEDIATE RELEASE NEWS RELEASE Date: March 25, 2019 ROCK HILL, SOUTH CAROLINA—Bull Realty managed the recent sale of two medical office buildings occupied by Atrium Health / Carolinas Healthcare System adjacent to the Piedmont Medical Center Campus. The properties have been sold at a total price of $11,875,000. Both buildings were acquired by Montecito Medical. Two […]
Transactions: $1.2 billion deal kicks off 2019’s MOB sales
Here are a few more details about Welltower’s pending acquisition from CNL By John B. Mugford After a big finish to 2018, Welltower Inc. (NYSE: WELL) is kicking off 2019 with one of the biggest arm’s length medical office building (MOB) transactions ever recorded. The Toledo, Ohio-based healthcare real estate investment trust (REIT), which made […]
Transactions: Anchor is off to a fast start in 2019
Firm teamed with JV partner Carlyle to acquire three MOBs in two markets By John B. Mugford Anchor Health Properties, which had a big year for acquisitions in 2018, is off to a fast start in 2019. The Charlottesville, Va..-based healthcare real estate (HRE) investor, developer and manager acquired a total of three medical office […]