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Montecito Medical Expands Missouri Presence with Orthopedic Associates Property
Montecito Medical Real Estate acquired a 56,160-square-foot specialty medical outpatient building (MOB) in Des Peres, Missouri, a suburb of St. Louis. The property is fully occupied by Orthopedic Associates. Founded in 1958, Orthopedic Associates operates more than 90 physician providers across multiple locations in the St. Louis region. The facility includes an ambulatory surgery center and imaging suites, highlighting continued investor demand for high-acuity outpatient healthcare assets. Terms of the transaction were not disclosed. The deal aligns with broader healthcare real estate trends favoring stabilized outpatient properties anchored by specialty physician practices with long... Read More »
Montecito Medical Grows Texas Presence Medical Outpatient Building Acquisition
Montecito Medical Real Estate acquired a 29,400-square-foot specialty medical outpatient building (MOB) in Austin, Texas, fully occupied by Texas Oncology, one of the nation’s largest community-based oncology practices. Terms of the transaction were not disclosed. The acquisition expands Montecito’s footprint in Texas and adds another oncology-focused asset to its healthcare real estate portfolio. Texas Oncology operates more than 300 locations statewide and provides oncology care, clinical research and trial services across Texas. The acquisition aligns with Montecito’s strategy of targeting outpatient medical assets leased to physician-led specialty providers in high-growth... Read More »
Jacobson Properties Arranges $13.1M Sale of Syracuse Medical Outpatient Building
Jacobson Properties arranged the sale of a 38,913-square-foot Class A medical outpatient building (MOB) in Liverpool, New York. The MOB was sold by 8324 Oswego Road, LLC to Crown MedRealty Partners for $13.1 million. The property is fully leased to three tenants, including Crouse Medical Practice, which occupies 53% of the building and is affiliated with Crouse Health. Additional tenants include Syracuse Orthopedic Specialists and Syracuse Gastroenterological Associates, both established specialty providers in the Central New York market. As part of the transaction, Jacobson Properties negotiated long-term lease extensions with key tenants, reinforcing income stability for the buyer. The... Read More »
CBRE Advises On 2 Medical Outpatient Building Transactions
This past week, CBRE announced that it has advised on two transactions. The first transaction CBRE advised on was SG Property Services’ acquisition of Cherry Creek Medical Pavilion, a multi-tenanted medical outpatient building (MOB) in Denver, Colorado. The MOB comprises 45,023 square feet. SG Property Services is a vertically-integrated real estate firm based in Atlanta, Georgia. The company was founded in 2010 and focuses on healthcare-oriented real estate and professional office development and acquisition in the Southeastern United States. This deal marks SG Property Services’ third acquisition of the year. In March,... Read More »
