Big Sky Medical has entered the Phoenix, Arizona market with the purchase of the 252,000-square-foot Blackhawk Medical Center. ViaWest Group sold the three-building medical and office campus for $46 million, according to Maricopa County records.
Blackhawk Medical Center previously changed hands in 2018, when ViaWest purchased it from Cohen Asset Management for $33.8 million. Completed between 1997 and 1998, the campus comprises Blackhawk Center I, a 138,450-square-foot, Class B office building, alongside Blackhawk Center II and III, which total 113,810 square feet and include medical office space.
Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate with a concentration in the medical office and life science sectors. Big Sky Medical, which is headquartered in Dallas, has more than $2 billion in healthcare real estate investment experience. In early 2023, Big Sky Medical was purchased by GFH Financial.
Taconic Capital, a New York-based global alternative investment manager, provided a $39.9 million acquisition loan to Big Sky Medical for the purchase of the campus. Cushman & Wakefield represented ViaWest in the transaction.
According to data captured in the LevinPro HC database, this acquisition marks the second MOB acquisition of 2024. Earlier in the week, a joint venture between Anchor Health Properties and Australian Retirement Trust acquired an outpatient medical office building portfolio in Washington and North Carolina for $62 million.
During 2023, there were 191 MOB transactions announced. Big Sky Medical announced six acquisitions during the year.
