Montecito Medical Real Estate has expanded its footprint in the Buffalo-Niagara Falls MSA with its recent acquisition of Windsong Medical Park in the Williamsville neighborhood of Amherst, New York.
The deal took the better part of a year to complete and marks Montecito’s second acquisition in the region. In November 2022, Montecito purchased a property occupied by the Ambulatory Surgery Center of Western New York in Amherst, New York.
Windsong Medical Park is a two-story, 83,000-square-foot medical office park. Windsong Radiology Group, a dominant practice in the region and the seller in the transaction, maintains its main campus in the medical park. Kaleida Health leases 25,000 square feet in the park, and the third tenant is General Physician‘s orthopedic group, housed in about 3,290 square feet.
Nashville, Tennessee-based Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate.
According to data captured in the LevinPro HC database, this represents the 56th medical office building (MOB) transaction of 2023, as well as Montecito’s 12th MOB acquisition of the year.
