News Release: Anchor Health Properties Continues Targeted Investment in Philadelphia MSA with 85,242 Square Foot Portfolio Acquisition
FOR IMMEDIATE RELEASE April 12, 2021 (Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, has recently invested in a two-building, 85,242 square foot portfolio located in the Bala Cynwyd suburb of Philadelphia, Pennsylvania. The properties were acquired through a joint […]
News Release: Just Sold – Life Science Building in Sorrento Mesa, San Diego for $20.25 Million
JUST SOLD 5785 Oberlin Drive CBRE’s Investment Properties–California/Arizona/Nevada team is pleased to announce the sale of 5785 Oberlin Drive in San Diego, California, for $20.25 million ($322 PSF). The 62,823-square-foot, three-story property was redeveloped into a life science use in 2020. It features balconies, barbecue area, showers, lockers and 200 parking stalls. The property is […]
News Releases: Meridian Sells 57,000 SF Medical Office Building in Orange County, California
Meridian Sells 57,000 SF Medical Office Building in Orange County, California NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical office real estate, announced that it has completed the sale of The Laguna, a 57,573-square-foot medical office building located at 24022 Calle de la Plata, on the Memorial Care Saddleback […]
News Release: BGL Announces the Sale of the Real Estate Portfolio of Precision Spine Care
Brown Gibbons Lang & Company Deal Announcement Precision Spine Care 39,814 RSF MOB & ASC Acquired by Montecito Medical Real Estate Chicago, IL – April 6, 2021 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of the real estate portfolio of Precision Spine Care, totaling approximately 39,814 rentable square feet across two […]
News Release: CIT Serves as Sole Lead Arranger on $18.5 Million Financing for Alabama Cancer Center
NEW YORK — April 6, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center in Florence, Alabama. The borrower, Cypress West Partners is an experienced and successful owner and manager […]
Transactions: ‘Trophy’ Boston MOB sells for $916 PSF
German investor acquires 147 Milk Street for $47.95 million in an ‘ultra-core’ deal By John B. Mugford For the third time in as many weeks, HREI™ is reporting a significant, single-asset sale in the medical office building (MOB) market, as a 52,337 square foot property in Boston traded for $47.95 million, or $916 per square […]
News Release: Just Closed – 14,065 SF Owner-User Medical Office (Las Vegas)
JUST CLOSED BY INVESTMENT SERVICES GROUP Purchased by Owner-User High Visibility Location ISG’s Sixth Closing in March Seller Represented By: Cathy Jones, CPA, SIOR, CCIM CEO 702-968-7320 CathyJ@suncommercialre.com NV Lic # B.0056010.CORP Paul Miachika Executive Vice President 602-814-0661 PaulM@suncommercialre.com NV Lic # S.0184612 Alexandria Malone Associate 702-968-7317 AlexM@suncommercialre.com NV Lic # S.0190399 Karim Chatoor Associate […]
News Release: Just Sold – Arapahoe Medical Center
APRIL 2, 2021 CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS JUST SOLD ARAPAHOE MEDICAL CENTER Centennial, Colorado TRANSACTION HIGHLIGHTS DATE SOLD: 03/30/2021 SIZE: ±59,359 SF OCCUPANCY: 91% Arapahoe Medical Center CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Arapahoe Medical Center (the “Property”). Chris Bodnar, Lee Asher, Ryan […]
News Release: Atkins Companies Inks Five Leases at West Orange (N.J.) Medical Office Building
For Immediate Release West Orange, N.J. (April 27, 2021) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, announces a new lease and four lease renewals at Atkins-Kent 101 located at 101 Short Hills Road in West Orange, N.J. The deals include a 3,300-square-foot renewal with a pediatric practice, […]
News Release: Newmark Completes Sale of 147 Milk Street in Downtown Boston, Massachusetts
FOR IMMEDIATE RELEASE Boston, MA (Apr. 1, 2021) — Newmark announces the sale of 147 Milk Street, a trophy urban medical office building located in downtown Boston, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Executive Managing Director Frank Nelson and Senior Managing Director Michael Greeley of the firm’s Boston Capital Markets Group represented […]
News Release: $39M financing secured for outpatient healthcare facility in Philadelphia
JLL Capital Markets led financing efforts for 3 Crescent Drive, a Class A property anchored by Thomas Jefferson University Hospital System PHILADELPHIA – Mar. 30, 2021 – JLL Capital Markets announced today that it has arranged $39 million in financing for 3 Crescent Drive, a 95,261-square-foot, outpatient healthcare facility located within the Navy Yard Campus […]
News Release: SCL Health Heart & Vascular Institute leases full floor in Fidelis medical building in Denver
FOR IMMEDIATE RELEASE The organization will occupy 26,345 square feet on the fourth floor of the new Saint Joseph Medical Pavilion on Saint Joseph Hospital’s popular downtown campus DENVER and DALLAS, March 30, 2021 – Fidelis Strategic Healthcare Partners, Saint Joseph Hospital and its parent SCL Health announced that SCL Health Heart & Vascular Institute […]
Transactions: Harrison Street acquires campus-adjacent MOB for $53.6M
The 75,000 square foot facility is next to the Palomar Medical Center in Escondido, Calif. By John B. Mugford As we noted last week in HREI, there seems to a bit of a dearth when it comes to pricier medical office building (MOB) deals so far in 2021. However, just as we reported on March […]
News Release: $220M construction loan secured for National Real Estate Advisors to build Jefferson Health’s new ambulatory clinic
JLL Capital Markets secured construction financing for the build-to-suit in Center City, Philadelphia PHILADELPHIA – Mar. 29, 2021 – JLL Capital Markets announced today that it has arranged $220 million in construction financing for the new Jefferson Health, 452,000-square-foot, specialty care pavilion to be constructed at 1101 Chestnut St. in Center City, Philadelphia. Serving as […]
News Release: Just Closed – Oakwood Medical Park, Round Rock, TX
JLL Investment Advisory Healthcare Capital Markets Just Closed: Oakwood Medical Park Round Rock, Texas Oakwood Medical Park On-Campus Medical Office Building | 36,419 Square Feet | Round Rock, Texas The JLL Healthcare Capital Markets Group is pleased to announce the sale of Oakwood Medical Park, a three-story medical office building consisting of 36,419 rentable square […]