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 […]
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: 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 […]
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 […]
News Release: Newmark Announces $74.4 Million Sale of Medical Office Building in Beverly Hills, CA
FOR IMMEDIATE RELEASE Los Angeles, CA (March 25, 2021) — Newmark announces the $74.4 million sale of a five-story medical office building located at 9033 Wilshire in Beverly Hills, California. Totaling 49,721 square feet of Class A space, the property is anchored by USC’s Keck Medical Center. Newmark’s Co-Head of U.S. Capital Markets Kevin Shannon, […]
News Release: LifeStance Health Moves Headquarters to Scottsdale, AZ
For Immediate Release One of the nation’s largest providers of outpatient behavioral health care relocating office headquarters from Bellevue, WA SCOTTSDALE, Ariz., March 25, 2021 – Cushman & Wakefield announced today the firm has represented LifeStance Health in the company’s corporate headquarters relocation to Scottsdale, Arizona from Bellevue, Washington. The behavioral health care company signed […]
News Release: Realty Trust Group selected to provide property management services for West Tennessee Healthcare
KNOXVILLE, TN. — Continuing an existing relationship with West Tennessee Healthcare, Realty Trust Group (RTG) has expanded its scope of services to the not-for-profit healthcare system to include property management and property accounting for its 1.2 million-square-foot real estate portfolio of nearly 100 non-hospital facilities, including medical office buildings, clinics, and administrative buildings. “We are […]
News Release: Prism Health North Texas Establishes Major Presence on Baylor Medical Center Campus, Continuing to Care for Community
Prism Health North Texas Establishes Major Presence on Baylor Medical Center Campus with 46,000 SF in Leases Together at Last: Prism Health North Texas Administrative Offices to Relocate to Baylor University Medical Center Campus, Near the Organization’s Research Facilities, Pharmacies, & Clinics DALLAS, March 22, 2021 – Prism Health North Texas (PHNTX) has signed a 22,623-square-foot lease […]
News Release: Placement of Acquisition Financing – Sugar Creek Health Center
JUST FINANCED March 23, 2021 SUGAR CREEK HEALTH CENTER Placement of Acquisition Financing for Virtus Real Estate Capital CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the placement of acquisition financing for Virtus Real Estate Capital, to help facilitate the purchase of Sugar Creek Health Center. Sabrina Solomiany, Zack Holderman, and Cole […]
News Release: Montecito Medical Acquires Surgery Center Facility in Pittsburgh Area
FOR IMMEDIATE RELEASE March 23, 2021 Nashville, Tenn. — Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of The Surgery Center at Cranberry, a multi-specialty ambulatory surgery center (ASC) leased to a leading medical provider in the Pittsburgh suburb of Cranberry Township, Pennsylvania. The Surgery Center at […]
News Release: White Oak Healthcare MOB REIT Acquires 7 Medical Office Buildings in 5 States
March 23, 2021 09:00 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–White Oak Healthcare MOB REIT today announces the acquisition of seven medical office buildings in five states. The seven assets total 67,110 SF and are 100% leased to Fresenius and DaVita affiliates. “We are pleased to add Fresenius and DaVita, both investment grade companies on […]
News Release: Capital One Medical Office Team Sees Positive Business Momentum Through 2020
New York, NY (March 22, 2021) – Capital One announced its Medical Office team, part of the Capital One Healthcare Real Estate business, closed 43 deals totaling about $2.5 billion throughout 2020. The team funded transactions ranging from $15 million single-asset loans to $1 billion value portfolios across medical office buildings, medical properties, life science […]
News Release: CIT Serves as Sole Lead Arranger on $39 Million Financing for Philadelphia Medical Office Building
NEW YORK — March 22, 2021 — CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan to finance the Jefferson Health medical office building adjoining the Philadelphia Navy Yard Corporate Center. The borrower, Norvin Healthcare Properties, is an experienced and successful manager […]
