News Release: Just Closed – Valley Medical Plaza Portfolio
JUST CLOSED: VALLEY MEDICAL PLAZA PORTFOLIO The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Valley Medical Plaza Portfolio in Van Nuys, California. Sale Date: September 19, 2017 Portfolio Size: 102,787 SF Occupancy: 98.7% (Valley Medical Plaza I) 96.9% (Valley Medical Plaza II) The CBRE U.S. Healthcare Capital Markets Group is pleased […]
TRANSACTIONS: Benedict Realty Group reportedly plans to add medical space to newly acquired asset
GREENWICH, Conn. – New York-based Benedict Realty Group (BRG) has reportedly acquired a Greenwich office building for $33.8 million and plans to convert some of the space for medical use, according to a July 18 article in the local Greenwich Time newspaper.
TRANSACTIONS: Hammes Partners II acquires MOB portfolio in Massachusetts; BGL represents seller
CHICOPEE, Mass. – The healthcare team with Cleveland-based Brown Gibbons Lang | Real Estate Partners (BGLREP) represented the seller of a three-MOB, 138,000 square foot portfolio near Chicopee, Mass.
Transactions: Joint venture of USAA and HSA PrimeCare acquires MOB in northwest Minneapolis suburb
PLYMOUTH, Minn. – An equity investment fund comprising San Antonio-based USAA Real Estate and Chicago-based HSA PrimeCare recently expanded its portfolio with the acquisition of a 45,722 square foot medical office building (MOB) in a highly trafficked commercial area of Plymouth, a Minneapolis suburb.
TRANSACTIONS: Velocis acquires value-add MOB complex in San Antonio; JLL represented the seller
SAN ANTONIO – Legacy Oaks, a seven-building, 224,262 square foot medical office complex next to South Texas Medical Center in San Antonio, has been sold.
TRANSACTIONS: Griffin-American REIT IV buys CHI-anchored surgery center in Oregon for $23.2 million
ROSEBURG, Ore. – Irvine, Calif.-based Griffin American Healthcare REIT IV in late June acquired the three-story, 62,246 square foot Roseburg Surgery Center in southwest Oregon for $23.2 million, or $374 per square foot (PSF), according to data from Real Capital Analytics (RCA).
TRANSACTIONS: Global Medical REIT pays $49.5 million for Oklahoma City facilities; BGL brokers sale
OKLAHOMA CITY – Three facilities in Oklahoma City that are home to services provided by the Oklahoma Center for Orthopaedic & Multi-Specialty Surgery recently traded for $49.5 million, according to data from RCA.
TRANSACTIONS: MOB in Escondido, Calif., trades hands for $21.85 million; Fairfield advises
ESCONDIDO, Calif. – Denver-based Fairfield Advisors facilitated the $21.85 million sale of Citracado Plaza MOB in Escondido, Calif., north of San Diego.
TRANSACTIONS: JLL handles sale of 77,825 s.f. Clearfork MOB on Texas Health hospital campus in Fort Worth
FORT WORTH, Texas – The Clearfork MOB, a fully leased, 77,825 square foot facility in Fort Worth, traded hands, the Healthcare Capital Markets Group with Chicago-based Jones Lang LaSalle Inc. (NYSE: JLL) announced July 17. The price was not disclosed, nor were the buyer and seller.
TRANSACTIONS: Anchor Health and Physicians Realty Trust acquire MOB
HUNTSVILLE, Ala. – Wilmington, Del.-based Anchor Health Properties announced Aug. 8 that it has sourced and closed, with an equity partner, the Clearview Cancer Institute (CCI) MOB in Huntsville. The three-story, 112,500 square foot off-campus MOB is home to CCI’s operational headquarters in the Huntsville market and features two linear accelerators and multiple oncology bays.
TRANSACTIONS: HR Trust making $612.5 million buy
The seller of the portfolio is a sector pioneer, Atlanta-based Meadows & Ohly By John Mugford A quick perusal of the list of 15 medical office buildings (MOBs) that Atlanta-based Meadows & Ohly is selling to a large healthcare focused real estate investment trust (REIT) indicates how many health system relationships the long-time development firm has established over the years. Since its founding […]
TRANSACTIONS: HREI introduces new feature: Revista rankings charts
Healthcare Real Estate Insights™ is pleased to introduce a new feature: a series of informational charts from the healthcare real estate (HRE) data firm Revista. Each month, we will bring you a new chart that takes a closer look at a different aspect of the HRE sector.
News Release: BGL Real Estate Partners Announces the Sale of Kleiman Evangelista Eye Center
Chicago, IL – September 21, 2017 – BGL Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company (BGL), is pleased to announce the real estate sale of the Kleiman | Evangelista Eye Center, located in Arlington, Texas to Inland Private Capital. BGLREP’s National Healthcare Real Estate team served as the exclusive advisors to […]
News Release: MedProperties Holdings acquires multistate Harrison Street healthcare real estate portfolio
The acquisition is the largest to date for the Dallas-based private equity firm. It includes a diverse 10-state, 17-property, 92% leased portfolio totaling 620,750 square feet, with an approximate cost of $230 million. DALLAS, Sept. 13, 2017 – Acquiring any sizable healthcare real estate (HRE) portfolio can be a challenge. But the recent acquisition of […]
News releases: Farbman closed on 57,964 SF of new and renewed leases for medical space in August
For the month of August, Farbman closed on 57,964 SF of new and renewed leases for medical space, including a 38,476 SF lease renewal to VHS Children’s Hospital of Michigan, Inc. and 10,381 lease renewal to VHS Rehabilitation Institute of Michigan Inc. in Clinton Township and Sterling Heights, Michigan respectively. Office/Medical Leases 38,476 SF lease […]