Woodside Health Expands Atlanta MSA MOB Footprint
Woodside Health has acquired Research Court, an 80,000-square-foot medical office building (MOB) in Suwanee, Georgia. This marks Woodside Health’s third acquisition in the Atlanta MSA and the 49th addition to its portfolio. Crossgate Partners sold the asset for an undisclosed price. Research Court encompasses two one-story buildings built in 2001 on a 6.4-acre site. The asset was 88% occupied at the time of the sale with its roster featuring medical and office tenants. The property is 30 miles from downtown Atlanta and has access to State Route 141. The property previously traded in 2020 when Crossgate bought it from Alta Properties for $10 million, financing the purchase with a $6.6... Read More »
Flagship Healthcare Properties Acquires MOB in Winter Garden
Charlotte, North Carolina-based Flagship Healthcare Properties is bolstering its portfolio in central Florida with its latest acquisition of a newly built, Class A medical office building (MOB) located in Winter Garden, Florida. The property was acquired through Flagship Healthcare Properties‘ private real estate investment trust, Flagship Healthcare Trust. Flagship Healthcare Properties will also provide property management and asset management services for the property. Terms of the deal were not disclosed. The 23,241-square-foot property is anchored by AdventHealth Well 65+, a primary care practice. The MOB benefits from nearby hospital systems such as AdventHealth Winter Garden and... Read More »
RX Health and Science Trust Acquire Atlanta Medical Office Building
RX Health and Science Trust (RXHST) announced that it acquired a four-building medical office building (MOB) in Atlanta, Georgia. The property, called Union Park, consists of more than 178,000 square feet. This acquisition brings RXHST’s portfolio to 11 medical office buildings with more than 580,000 square feet. The financial terms of the acquisition were not disclosed. Founded in 2022 and based in Chicago, Illinois, RXHST is a private REIT focused on the investment, development and operation of medical office facilities across the U.S. According to data captured in the LevinPro HC database, this marks the 38th MOB transaction of 2023. Read More »
JLL Capital Markets Announces Sale of Erie, Colorado Medical Office Building
On February 21, JLL Capital Markets announced that it closed on the sale of an Erie, Colorado medical office building (MOB). An undisclosed Arizona-based private real estate company bought the facility. The 8,000-square-foot building was sold by Evergreen Devco, Inc. for $5.65 million. The building is occupied by UCHealth, a not-for-profit healthcare system, and is located on 0.71 acres of land. The price is approximately $706 per square foot. Evergreen Devco, Inc. is a national, fully diversified real estate company specializing in retail, commercial and multifamily development. Its headquarters are in Phoenix, Arizona and it has offices in Denver, Colorado and Salt Lake City, Utah. JLL... Read More »
Montecito Medical acquires Bensalem, Pennsylvania MOB
Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a medical office building (MOB) in the greater Philadelphia market area. The 27,500 square-foot MOB, located in Bensalem, Pennsylvania is tenanted by two prominent provider groups, Alliance Cancer Specialists and US Digestive Health/Gastrointestinal Specialists. The property includes an ambulatory surgery center with four operating rooms. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate. The acquisition expands... Read More »Schedule a demo
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