Avison Young, a global real estate broker, announced on June 17 that Blue Arch Capital acquired a medical outpatient building (MOB) in Silver Spring, Maryland for $15.25 million.
Doctors Medical Park consists of three buildings and totals approximately 98,000 square feet. It is spread over 4.8 acres of land and is situated about a mile north of Holy Cross Hospital. The complex’s current tenants include Community Radiology Associates, Fresenius, Capital Women’s Care and The Ladas Eye Group. The price is roughly $156 per-square-foot.
Blue Arch Capital is a real estate private equity firm that acquires and operates core-plus and value-add properties in the United States. It is based in Aventura, Florida. The company has transacted on more than $5 billion of real estate.
According to data captured in the LevinPro HC database, this acquisition represents the 87th MOB transaction of 2024. This is Blue Arch Capital’s first acquisition of the year. This is also the first healthcare transaction that Avison Young has advised on in 2024.
