Transactions: Meridian acquires value-add MOB in Phoenix, paying nearly $5 million for ‘landmark’ facility
PHOENIX – Santa Rosa Calif.-based Meridian, which often acquires and upgrades medical facilities, has purchased Grunow Memorial Medical Center, a “landmark” 51,150 square foot MOB at 926 East McDowell Road in Phoenix.
Transactions: Pisula Development Company, Harrison Street JV acquires Texas, transitional care facility
THE WOODLANDS, Texas – The Woodlands-based Pisula Development Company announced Aug. 23 the acquisition of Brightpointe at Rivershire, a 62,000 square foot, 150-bed transitional care facility in the Houston suburb of Conroe, Texas.
Transactions: Ventas was seller in previously announced sale of four-building San Antonio MOB portfolio
SAN ANTONIO – On Aug. 9, Healthcare Real Estate Insights™ reported that a portfolio of four large MOBs in San Antonio had been acquired by a partnership comprised of MLL Capital, Artemis Real Estate Partners and Ackerman & Co.
Transactions: Urgent care center in Dallas changes hands; Sun Commercial represents buyer
DALLAS – The Investment Services Group at Las Vegas-based Sun Commercial Real Estate recently represented the buyer of a single-tenant, double-net leased CareNow Urgent Care Center in Dallas.
Transactions: MOB changes hands in Long Beach, Calif.; CBRE’s Southern California team represents the seller
LONG BEACH, Calif. – The Investment Properties Southern California team of CBRE Group Inc. (NYSE CBG) recently brokered the sale of 3530 Atlantic Ave. in Long Beach, for $4.056 million.
Transactions: Local firm acquires two MOBs for a total of $11.9 million in affluent suburbs of Atlanta
ATLANTA – Atlanta-based SG Property Services, a real estate firm focused on healthcare and professional office developments, recently acquired two MOBs in affluent Atlanta suburbs for a total of $11.9 million.
Transactions: Health complex in Phoenix sells for $12.1 million; local office of Avison Young brokers sale
PHOENIX – Foothills Health Center, a two-building, 53,310 square foot medical office property in the Ahwatukee submarket of Phoenix, recently changed hands for $12.1 million. Nicholas Pelusio and Kevin Helland of the Phoenix office of Toronto-based Avison Young represented the seller, Chicago-based United Insurance Company of America.
Transactions: Anchor Health Properties acquires Norwalk, Conn., MOB for $23 million; NKF handles sale
NORWALK, Conn. – Newmark Knight Frank (NKF) announced Sept. 11 that it represented Bostonbased Marcus Partners in the sale of the four-story, 71,401 square foot Cross Street Medical Center at 40 Cross St. in Norwalk to Anchor Health Properties for $23 million.
Companies & People: Avison Young names Julie Johnson and Mark Johnson as U.S. healthcare practice group co-leaders
Toronto-based real estate firm Avison Young recently announced that Julie Johnson, a principal based in Phoenix, and Mark Johnson, an executive VP in the firm’s suburban Chicago office, have been named co-leaders of the its U.S. healthcare practice group.
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.