Big Sky Medical Acquires First MOB in Phoenix Market
Big Sky Medical has entered the Phoenix, Arizona market with the purchase of the 252,000-square-foot Blackhawk Medical Center. ViaWest Group sold the three-building medical and office campus for $46 million, according to Maricopa County records. Blackhawk Medical Center previously changed hands in 2018, when ViaWest purchased it from Cohen Asset Management for $33.8 million. Completed between 1997 and 1998, the campus comprises Blackhawk Center I, a 138,450-square-foot, Class B office building, alongside Blackhawk Center II and III, which total 113,810 square feet and include medical office space. Big Sky Medical is a national real estate investment management firm that invests... Read More »
Local Medical Group Acquires Medical Office Building in Raleigh
A local physician group has purchased a medical office building (MOB) in Raleigh, North Carolina for nearly $17.8 million. According to data captured in the LevinPro HC database, this acquisition marks the 190th MOB acquisition of the year. Wake Internal Realty III, an LLC tied to Wake Internal Medicine, acquired the MOB on Blue Ridge Road near UNC Rex Hospital in early December, according to Wake County deed records. The building is 48,000 square feet and the purchase price is approximately $370 per square foot. The MOB was purchased from The Keith Corporation in Charlotte, North Carolina, which developed and built the building. Matt Johnson, Chief Administrative... Read More »
Ridgeline Capital Partners Acquires Dallas MOB
Ridgeline Capital Partners announced on December 18 that it acquired a medical office building (MOB) in Dallas, Texas. The building is an on-campus four-story, 44,045-square-foot MOB. The property is located at the entrance to the White Rock Medical Center campus and is 94% leased to a diverse roster of healthcare providers. Ridgeline Capital Partners is a private equity firm based in Dallas that acquires and operates healthcare real estate assets. The company is focused on medical office buildings, ambulatory surgery centers and behavioral health facilities. This is Ridgeline Capital Partners’ first transaction of the year. The JLL Capital Markets served as... Read More »
Stage Equity Partners Acquires Medical Office Building Portfolio in Libertyville
An affiliate of Stage Equity Partners LLC has acquired The Hollister Medical Office Portfolio in Libertyville, Illinois from Hollister Incorporated, an international medical supply manufacturer with its corporate headquarters in an adjacent 300,000-square-foot building. The deal was announced on November 27, 2023, and marks the 181st Medical Office Building (MOB) transaction of 2023. The Hollister Medical Office consists of two buildings that total 91,818-square-foot. The portfolio consists of the three-story, 57,585-square-foot building at 1800 Hollister Drive that sits on 7.9 acres and was building in 1999. The other facility is a three-story, 34,233-square-foot building at 1900... Read More »