Anchor Health Properties Executes Off-Market Transaction of MOB in Atlanta MSA
Anchor Health Properties recently closed an off-market transaction involving a three-story, 40,000 square foot Class A medical office building (MOB) and adjacent land site slated for a subsequent Phase II MOB development. Located in the Lawrenceville submarket of Atlanta, Georgia, the properties are strategically positioned in the medical cluster surrounding Northside Hospital Gwinnett, a regional hospital with 353 acute care beds. The 100% leased MOB features anchor tenancy from Northside Health and Fresenius Medical Care. Other key tenancy includes Georgia Nephrology, Palmetto Infusion, Amedisys Home Health and Gwinnett Pediatrics. To optimize the strategic value in the properties, the... Read More »
Montecito Medical Acquires Medical Office Portfolio in Indiana
Montecito Medical has completed the acquisition of a five-building medical portfolio in Elkhart, Indiana, marking its 16th deal of 2023. The buildings, which represent approximately 124,000 square feet, are 100% occupied by the Elkhart Clinic. With eight locations and 35 physicians on staff, the Elkhart Clinic is the area’s dominant family medicine practice. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. Fairfield Advisors advised the seller and worked closely with Montecito to complete the transaction. The transaction builds... Read More »
Pinehurst Medical Expands in Sanford, North Carolina With Facility Acquisition
Pinehurst Medical Clinic purchased a medical office building (MOB) in Sanford, North Carolina for $1.895 million, according to a deed filed on April 21. The transaction expands Pinehurst Medical Clinic’s presence in Sanford, North Carolina. Nichole Etowski, director of business development for Pinehurst Medical Clinic, said the company will continue to provide cardiology and dermatology services at the Sanford MOB and will eventually relocate cardiology services from another facility in Sanford. Based in Pinehurst, North Carolina, Pinehurst Medical Clinic provides primary and specialty care to Moore County, North Carolina and surrounding areas. Founded in 1952, the company has more... Read More »
Stonemont Financial Group Acquires Two Oncology Centers
Stonemont Financial Group announced it closed on the acquisition of two oncology centers in Greensboro and Hawkinsville, Georgia. Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed within the next year. Terms of the deal were not disclosed. The two properties include an 11,271-square-foot comprehensive cancer treatment center at 1000 Cowles Clinic Way in Greensboro in the Lake Oconee community, and a 10,212-square-foot medical office building on the Taylor Regional Hospital Campus in Hawkinsville. Both buildings are fully occupied by Northside Hospital... Read More »
SMBC Leasing and Finance Acquires Fresenius Kidney Care East Greensboro
SMBC Leasing and Finance Inc. announced on April 11 that it acquired Fresenius Kidney Care East Greensboro, a medical office building (MOB) in Greensboro, North Carolina for $4.4 million The facility, which has a dialysis center, was built on 1.9 acres in 2003 and consists of 12,588 square feet of rentable space. The price was approximately $350 per square foot. SMBC Leasing and Finance Inc., a portfolio company of SMBC Americas Holdings, Inc., is a leasing company based in New York City. Fresenius’s five other North Carolina locations will remain open. According to data captured in the LevinPro HC database, this transaction represents the 63rd MOB acquisition of the year.... Read More »Schedule a demo
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