Transactions: Meridian divests revamped MOB
Firm sells office building in Rohnert Park, Calif., that it acquired and repurposed By John B. Mugford It looks as if the value-add purchase that San Ramon, Calif.-based Meridian made in March 2014 has paid off – after the company used plenty of foresight and made upgrades to the facility. The firm, a subsidiary of […]
Transactions: Health system acquires Building that it occupies in Chula Vista, Calif.
CHULA VISTA, Calif. – San Diego-based Sharp Healthcare recently paid $22.5 million to acquire a three-story, 67,000 square foot MOB at 1400 East Palomar St. in Chula Vista, according to data from real estate researcher Real Capital Analytics (RCA) Inc.
Transactions: Welltower acquires MOB in Baltimore suburbs for $35.5 million, $541 PSF
COLUMBIA, Md. – Toledo, Ohio-based Welltower (NYSE: HCN), formerly known as Health Care REIT, recently acquired an MOB in the tight Baltimore suburban market for $541 per square foot (PSF).
Transactions: Hammes Partners pays $18.5 million for orthopedic facility in Appleton, Wis.
APPLETON, Wis. – Brookfield, Wis.-based Hammes Partners II LP, an investment fund affiliated with Hammes Company, recently acquired the Hand to Shoulder Center in Appleton, about 30 miles south of Lambeau Field in Green Bay.
Transactions: More Healthcare Real Estate Transactions
A joint venture (JV) of Miami-based Flagler Investment Property Group and a medical tenant, the Orthopedic Medical Center of Palm Beach County, recently acquired the JFK Medical Arts building in Atlantis, Fla., for $12.5 million. The 52,149 square foot MOB is at 180 John F. Kennedy Drive and is fully occupied. The seller was Coral […]
Transactions: Wheaton, Ill., physician sells MOBs for $17M to Inland Group fund
WHEATON, Ill. – A physician based in Wheaton, in the west suburbs of Chicago, recently netted a better return selling real estate than he probably ever could for treating his primary care patients.
Transactions: MedProperties Group buys Thunderbird Wellness Centre in Peoria, Ariz.
PEORIA, Ariz. – Northbrook, Ill.-based MedProperties Group recently paid $15.5 million, or $276 PSF, for the 56,411 square foot, four-building Thunderbird Wellness Centre in Peoria, in the West Valley of Greater Phoenix.
Transactions: Montecito lands large MOB in Johnson City, in northeastern Tennessee
JOHNSON CITY, Tenn. – In a sale-leaseback transaction, Brentwood, Tenn.-based Montecito Medical Acquisition & Development Co. recently acquired a large medical office building (MOB) in Johnson City, a city of about 70,000 residents in the northeastern part of Tennessee.
Transactions: Physicians Realty Trust enters agreements for purchases totaling $91.5M
MILWAUKEE – In last month’s edition of Healthcare Real Estate Insights™, John T. Thomas, president and CEO of Milwaukee-based Physicians Realty Trust (NYSE: DOC), told us that the publicly traded real estate investment trust (REIT) will likely double the size of its portfolio in 2015.
Transactions: DocREIT pays $40.4 million for two-building medical office complex in Katy, Texas
KATY, Texas – In more news from Physicians Realty Trust, the REIT recently acquired the two-building Kingsland Medical Office complex in Katy. The two buildings, one a surgery center and one a rehabilitation facility, are fully occupied by tenants that include Houston-based Memorial Hermann Health System, which has 13 hospitals, seven cancer centers and numerous […]
Transactions: Owner of historic MOB in downtown Seattle lands $69.5 million in financing
SEATTLE – The owner of one of downtown Seattle’s landmark MOBs, the Medical Dental Building, recently secured $69.5 million in financing for the facility, which total 294,286 square feet, including ground floor retail.
Transactions: MOB in ‘hot’ area trades for $710 PSF
Investor pays $38.5 million for asset in Santa Monica, Calif., healthcare corridor By John B. Mugford Los Angeles-based Stockdale Capital Partners, which started out of a family office 25 years ago, recently acquired a medical office building (MOB) in Santa Monica for $38.5 million, or $710 per square foot (PSF).
Transactions: More Healthcare Real Estate Transactions News
Associates in Ophthalmology of West Miffin, Pa., a south Pittsburgh suburb, recently sold its 27,193 square foot facility for $10.75 million. According to the brokerage firm that represented the seller, the Healthcare Capital Markets Group of Jones Lang LaSalle (JLL), the building is a Class A facility with a surgery center. Associates in Ophthalmology, the […]
Transactions: Recent MOB sales set Q2 record
Strong run for transactions continues, as 2015 is on a record-setting pace By John B. Mugford There are some long-standing, evidence-based assumptions about medical office building (MOB) sales statistics. One of them says that the strongest quarter of most years is typically the fourth (Q4), a time when both buyers and sellers often prefer to […]
Transactions: A closer look at HCN/CPP’s big buy
REIT and Canadian pension fund teamed up on $449 million MOB acquisition By John B. Mugford It would not be accurate to say that a $449 million medical office building (MOB) portfolio transaction that took place during the second quarter (Q2) of 2015 went totally unnoticed. But then again, not many details have been publicized […]