Anchor Health Properties closed on a two story, 38,327-square-foot Class A medical office building (MOB) in the Grove City submarket of Columbus, Ohio. The off-market transaction was acquired through Anchor’s discretionary equity fund, Chestnut Healthcare Fund II, co-managed with Chestnut Funds.
Engle Real Estate provided sales advisory services on behalf of the seller, Trivium Development LLC, for this off market transaction. First Citizens Bank and CIT provided debt financing services. As the new owner, Anchor will provide go forward asset and property management services at the MOB. Financial terms of the deal were not disclosed.
The 100% occupied MOB was constructed by Trivium Development in 2019. Anchoring the building is the Grove City VA Clinic, which provides services to the Southern Columbus area veterans community. Additional tenancy includes The James – Ohio State University Comprehensive Cancer Center (OSUCCC – James), Fresenius Kidney Care, Central Ohio Urology Group and Columbus Nephrology.
Established in 1985, Anchor Health Properties is a national, full-service healthcare real estate development, management and investment company focused exclusively on healthcare facilities. Anchor has more than $1.5 billion of completed development projects, 9 million square feet under management and nearly $3 billion invested in healthcare facilities.
This marks Anchors’ first deal of the year, as well as its entrance into the Columbus, Ohio MSA market. Last year, the company announced 15 acquisitions of MOBs across the United States.
According to data captured in the LevinPro HC database, this acquisition represents the 51st MOB transaction of 2023. There were 52 MOB deals announced between January 1, 2022, and March 24, 2022.
