JLL Income Property Trust Buys Boston Area Medical Center for $32 Million
JLL Income Property Trust, Inc. (JLL Trust) has acquired West Boston Medical Center for a purchase price of approximately $32 million. The deal was announced in a March 3 press release from JLL Trust. West Boston Medical Center is a medical outpatient complex located in the Greater Boston suburb of Watertown, Massachusetts. The property totals approximately 53,000 square feet and is 100% leased to a single tenant, a leading regional healthcare provider, with a newly executed 15-year lease with 2.8% average annual rent escalations. The complex offers a full range of clinical specialties including internal medicine, pediatrics, OB/GYN, pharmacy, radiology, physical therapy and dermatology.... Read More »
Woodside Health Announces Its First Deal of 2026
Woodside Health is expanding its presence in Arizona with the purchase of Greenfield Medical Office Building, a medical outpatient building (MOB) in Gilbert, Arizona, a suburb of Phoenix. The MOB comprises 29,828 square feet. Mountain View Surgery Center Gilbert, a joint venture between physician owners and United Surgical Partners International, anchors the building, alongside ophthalmology, dental and vascular tenants. It is 100% occupied. Woodside Health is a private equity firm that invests in healthcare real estate. Since 2008, the firm has acquired more than 4 million square feet of healthcare real estate and completed approximately $1.5 billion in... Read More »
Penn State Health Acquires Surgery Center of Lancaster
On February 11, Penn State Health announced that it acquired a 100% stake in Surgery Center of Lancaster. Terms were not disclosed. Since its founding in 2004, the Surgery Center of Lancaster has served the Lancaster, Pennsylvania community as an established outpatient surgery center (OSC) owned by the area’s leading surgeons. It provides pediatric and adult care across ear, nose & throat, ophthalmology and orthopedic services. Penn State Health is a multi-hospital system serving patients across central Pennsylvania. It includes Penn State Health St. Joseph Medical Center in Reading, Penn State Health Milton S. Hershey Medical Center and Penn State Children’s... Read More »
Montecito Medical acquires 5 MOBs in Michigan
Montecito Medical Real Estate announced in a February 4 press release that it has acquired five medical outpatient buildings (MOBs) in western Michigan for an undisclosed price. The five MOBs, which offer more than 152,000 square feet, are situated in Grand Rapids, Big Rapids, Norton Shores and Holland, Michigan, respectively. Four of the properties are tenanted by OneOncology; the fifth is shared between OneOncology and the START Midwest Center for Cancer Research. All of the MOBs are fully occupied. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions totaling more than $6.5 billion in medical and veterinary... Read More »
CBRE Facilitates Sale of HCA Surgery Center Portfolio
CBRE announced on February 4 that it facilitated the sale of a HCA Surgery Center medical outpatient building (MOB) portfolio to Montecito Medical Real Estate. NexCore Group was the seller. The portfolio is in Orem, Utah and Katy, Texas and comprises 65,054 square feet. The facilities also operate as outpatient surgery centers. Both assets are fully leased with an average weighted lease term of 13.8 years. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions totaling more than $6.5 billion in medical and veterinary real estate. “This stabilized portfolio offers 14 years of WALT... Read More »Schedule a demo
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