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 »
Echo Real Estate Capital Acquires Carmel, IN Medical Office Building
Echo Real Estate Capital, Inc. announced it has acquired a 33,000-square-foot medical office building (MOB) located in the Penn Mark Plaza office park in Carmel, Indiana. The MOB is occupied by Ascension-St. Vincent, Turkle & Associates Center for Plastic Surgery and Abram’s Eyecare – a third-generation practice with three locations. Echo Real Estate Capital is a full-service real estate investment and development firm with a national platform specializing in build-to-suit development, value-add investments, sale/leasebacks and capital markets advisory services for healthcare providers, national retailers, industrial manufacturing and distribution companies and general... Read More »
Flagship Acquires MOB in Chapel Hill, North Carolina
Flagship Healthcare Properties announced that it has acquired a Class A, medical office building (MOB) in Chapel Hill, North Carolina through its private real estate investment fund, Flagship Healthcare Trust. The 20,878-square-foot MOB was originally built in 2003, and the building is anchored by Chapel Hill Pediatrics, Chapel Hill Pediatric Psychology and Chapel Hill Pediatric Dentistry. The property is located near the combined 1,048-bed Duke University Hospital and Duke Regional Hospital and 900-bed UNC Medical Center. Flagship Healthcare Properties is an outpatient healthcare real estate firm serving clients in the southern United States. Headquartered in Charlotte, North... Read More »
Healthpeak Properties and Physicians Realty Trust Announce $21 Billion Merger
Healthpeak Properties and Physicians Realty Trust announced on October 30 that they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $21 billion. According to data captured in the LevinPro HC database, this transaction marks the second largest healthcare transaction of 2023 by purchase price, behind Pfizer’s $43 billion acquisition of Seagen Inc. announced in March. Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. According to its 2022 financial... Read More »
Montecito Medical Acquires Women’s Health MOB in Woodbury, Minnesota
Montecito Medical announced on October 23 the acquisition of a 32,711-square-foot medical office building (MOB) in Woodbury, Minnesota. The building is home to Minnesota Women’s Care, a leading specialty group serving patients throughout the Twin Cities area and western Wisconsin. The women’s health group maintains four office locations across its service area. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. Through this MOB acquisition, Montecito expands its presence in Minnesota and the Upper... Read More »Schedule a demo
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