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Colliers Brokers Sale of Mercy Healthcare Center in Coon Rapids, Minnesota

Colliers Brokers Sale of Mercy Healthcare Center in Coon Rapids, Minnesota

Colliers’ U.S. Healthcare Capital Markets group announced the sale of Mercy Healthcare Center, a 92,504-square-foot on-campus medical outpatient building (MOB) in Coon Rapids, Minnesota. The property is located on the campus of the 479-bed Mercy Hospital, part of Minneapolis-based Allina Health. Financial terms of the transaction were not disclosed. Anchored by Allina Health, the facility houses a diversified mix of outpatient healthcare tenants and specialty service lines, including nephrology, ear, nose and throat care, urology, orthotics and prosthetics, dentistry and orthodontics, pediatric rehabilitation, OB-GYN and occupational health services. According to data captured in the... Read More »
Montecito Medical Expands Missouri Presence with Orthopedic Associates Property

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 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 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 

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 »
Thomas Park Investments Acquires 2 MOBs on the MedStar Montgomery Medical Campus

Thomas Park Investments Acquires 2 MOBs on the MedStar Montgomery Medical Campus

Thomas Park Investments has purchased two medical outpatient buildings (MOBs) from MedStar Health. The MOBs are on the campus of the MedStar Montgomery Medical Center in Olney, Maryland and total 127,868 square feet on the campus of the MedStar Montgomery Medical Center, one of the Washington, D.C. MSA’s leading hospital-anchored medical campuses, in Olney, Maryland. The campus is a full-service community hospital providing a wide range of inpatient and outpatient services to Montgomery County and surrounding communities. Building I was originally constructed in 1974 and comprehensively renovated in 2000. Building II was purpose-built in 2000. Thomas Park Investments is a private equity... Read More »