Transactions: Remedy-Kayne make $70.7M purchase in Chicago suburb
The orthopedics-focused MOB in Oak Brook, Ill., is home to Rush University Medical Center By John B. Mugford In one of just a handful or so of single-asset, medical office building (MOB) sales to top $70 million during the slow-transaction year of 2023, the long-standing joint venture (JV) partnership of Chicago-based Remedy Medical Properties and […]
News Release: Echo Real Estate Capital, Inc. Acquires Carmel, Indiana Medical Office Building
FOR IMMEDIATE RELEASE Chicago, IL (November 2023) – Echo Real Estate Capital, Inc. (“Echo”) announces it has acquired Three Penn Mark, a 33,000 square foot medical office building located in the Penn Mark Plaza office park in Carmel, Indiana. This latest acquisition, located at 11455 N Meridian Street, is occupied by Ascension-St. Vincent, Turkle & […]
News Release: Thorofare Capital Provides $125.9 Million Senior Mortgage Loan for Mid-Atlantic Medical Facility Portfolio
FOR IMMEDIATE RELEASE Los Angeles, CA, November 20, 2023 – Thorofare Capital, Inc. (“Thorofare” or the “Company”), an affiliate of asset management platform Callodine Group, LLC (“Callodine Group”), today announced it closed $125.9 million in financing for eight Class-A clinical medical facilities totaling more than 705,000 square feet located in the Greater Washington, D.C. Capital […]
News Release: MedStar Medical Group Expands at 810 Bestgate Road in Annapolis with Nearly 20,000 Square Foot Lease
Press Releases November 20, 2023 St. John Properties’ speculatively built medical office building is now 100% leased. BALTIMORE, MD – MedStar Medical Group, the largest healthcare network in the Maryland and Washington, D.C. region, has signed a lease with St. John Properties, Inc. for 19,739 square feet of space within 810 Bestgate Road, a four-story, […]
News Release: Remedy Medical Properties and Kayne Anderson Real Estate Acquire RUSH Oak Brook Medical Center
The 93,386-square-foot, Class-A+ medical center is located in the affluent western suburbs of Chicago CHICAGO, November 15, 2023 – Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate announced the acquisition of the 93,386-square-foot, LEED Gold-certified RUSH Oak Brook Medical Center in the Chicago suburb of Oak Brook. The three-story medical office building […]
News Release: Avison Young represents Virginia Hospital Center in purchase of 145,000-SF office property
NOVEMBER 7, 2023 3601 Eisenhower Avenue will serve as outpatient surgery center and office space Tysons, VA – Today Avison Young announced the closing of 3601 Eisenhower Avenue in Alexandria, VA on behalf of the buyer, Virginia Hospital Center (VHC). VHC intends to use the approximately 145,000-square-foot (sf) office property as an outpatient surgery center […]
News Release: JLL Capital Markets arranges $75M credit facility for Sendero Capital and Angelo Gordon joint venture
The credit facility is seeded by a four-asset portfolio of medical properties in New England BOSTON, Nov. 6, 2023 – JLL Capital Markets announced today that it arranged a $75 million credit facility on behalf of a joint venture between Sendero Capital and Angelo Gordon that was formed to target the medical property sector. The […]
News Release: Newmark Facilitates Sale of 2.2 Million-Square-Foot Mixed-Use Corporate Campus in Dallas/Fort Worth
Transaction Marks Largest Office Sale1 by Consideration and Square Footage in North America Year-To-Date2 DALLAS, Nov. 1, 2023 /PRNewswire/ — Newmark announces the sale of CityLine, a 2.2 million-square-foot mixed-use property comprised of four purpose-built office buildings, occupied by State Farm (S&P: AA), 120,000 square feet of retail space and a 42,000-square-foot medical office building […]
Feature Story: Despite slow MOB sales, HRE-MOB is a good place to be
Q3 data from Revista indicates occupancy rates and demand for space are strong By John B. Mugford As noted in a short report in last week’s edition of HREI, medical office building (MOB) sales volume in the third quarter (Q3) was $1.1 billion – the lowest quarterly dollar volume since Revista began compiling such information […]
News Release: Healthpeak Properties and Physicians Realty Trust to Combine in an All-Stock Merger of Equals to Create the Pre-Eminent Owner, Operator and Developer of Real Estate for Healthcare Discovery and Delivery, an Attractive and Growing Market
Immediately Accretive Transaction that Positions Combined Company for Offense Scott Brinker to Serve as President and Chief Executive Officer of Combined Company; John Thomas to Serve as Vice Chair of the Board Companies to Host Conference Call Today at 8:30 a.m. ET DENVER & MILWAUKEE–(BUSINESS WIRE)— Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak” or “PEAK”) […]
News Release: HREA Announces 7-Property Medical Office and Outpatient Surgery Center Portfolio
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of seven (7) single-specialty medical office and outpatient surgery centers located throughout northwest South Carolina. The Portfolio, consisting of approximately 88,385 square feet, is occupied by Clemson Eye, a wholly owned subsidiary of Eye Health America (EHA). With more than 32 physicians […]
News Release: Thomas Park and Welltower acquire an ambulatory surgery center/outpatient medical building in a sale-lease back
Colliers represented the buyer and seller in the sale-leaseback of the two-story ambulatory surgery center/medical outpatient building in Lawrenceville. LAWRENCEVILLE, NJ, October 24, 2023 – Colliers is pleased to announce the $8 million-dollar sale of a 20,000-square-foot core asset located at 2A Princess Road in Lawrenceville, NJ. Colliers Senior Vice President Kim Kretowicz of USA […]
News Release: Fairfield Advisors announces sale of 2 Medical Office Building Portfolio in Columbus, OH.
$11,800,000 Transaction (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of two adjacent Medical Office Buildings in Columbus, OH. The buildings total 51,429 square feet and are located at 4885-4895 Olentangy River Rd in Columbus. The buildings are occupied by Central Ohio Primary Care […]
News Release: Montecito Medical Acquires Women’s Health Office Property in Minnesota
October 24, 2023 09:00 AM Eastern Daylight Time NASHVILLE, Tenn.–(BUSINESS WIRE)–Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 32,711-square-foot medical office building in Woodbury, MN. The building is home to Minnesota Women’s Care, a leading specialty group in the Twin Cities area. “We are very pleased to acquire this outstanding […]
News Release: Newmark Completes Sale of Harrison Street’s 200,000-SF Medical Outpatient Building Collection in Maryland
FOR IMMEDIATE RELEASE Marking first MOB acquisition in Hines’ flagship commingled U.S. core plus fund, Hines U.S. Property Partners Fund. New York, NY (October 00, 2023) — Newmark announces it has completed the sale of a medical outpatient building collection comprising two properties located in Rockville and Pikesville, Maryland. Totaling a combined 200,000 square […]
