Meridian Purchases Medical Outpatient Building in Tucson, Arizona
Meridian announced that it has closed escrow on the purchase of a vacant medical outpatient building (MOB) in Tucson, Arizona. The acquired asset is a 94,569-square-foot MOB, located on a 9.27-acre parcel. The former inpatient cardiovascular hospital has been vacant for 15 years. Founded in 1999, Meridian is a full-service real estate developer and investor specializing in brand-enhancing healthcare and life science developments. The firm owns and manages healthcare properties throughout the United States and continues to aggressively pursue acquisitions and developments. Following the acquisition, the property will be fully occupied by El Rio Health, a Federally Qualified Health Center... Read More »
Alliance Consolidated Group of Companies Announces Purchase of Arlington, TX MOB
Alliance Consolidated Group of Companies, a leader in commercial real estate investment, announced on October 17 that it has successfully completed the purchase of a new medical property in Texas for $6 million. The acquisition was made through the Alliance Medical Fund. The acquired asset is a 15,110-square-foot medical outpatient building (MOB) in Arlington, within the Dallas-Fort Worth MSA. MCS Dallas Medical, PLLC provides premier orthopedic care in the state-of-the-art facility. The MOB sold for approximately $397 per square foot. Founded in 1995, Alliance Consolidated Group of Companies is a real estate investment firm that specializes in net-leased medical buildings. All assets are... Read More »
Montecito Medical Acquires Two MOB Portfolios
Montecito Medical, a leading buyer of medical outpatient properties nationwide, made two deal announcements on October 15, 2024. The first was the acquisition of a two-building medical office building (MOB) portfolio in central Alabama. The two Alabama MOBs, located in in Birmingham and Montgomery, respectively, are fully leased and total more than 25,700 square feet. Surgical Dermatology Group, a market-dominant specialty provider with nine locations across Alabama, is the anchor tenant. The Birmingham property, which includes an ambulatory surgery center, is Surgical Dermatology Group’s flagship location. The second deal announcement was the acquisition of a two-building MOB portfolio in... Read More »
Foothill Cardiology Acquires Pasadena Medical Outpatient Building
On October 10, it was announced that Foothill Cardiology acquired a medical outpatient building (MOB) in Pasadena, California. The two-story MOB consists of 20,100 square feet of office space. The building is positioned close to Huntington Hospital. Acuity Eye Group and Pasadena Advanced Surgery Institute occupy the offices. The price was approximately $562 per square foot. Foothill Cardiology is a cardiology practice. According to its website, the practice is run by more than 20 physicians out of seven locations across California. NAI Capital Commercial brokers John S. Archibald and Guillermo Olaiz completed the sale, representing the seller, while NAI... Read More »
Health Advocates Network Announces Acquisition of WorkSquare
Healthcare staffing firm Health Advocates Network announced that it has acquired WorkSquare Healthcare Staffing Solutions, a Miami, Florida-based staffing agency. WorkSquare’s business include approximately 75% travel nurse and 25% local staffing. Health Advocates Network specializes in healthcare staffing solutions, providing a range of services within the healthcare sector. The company was founded in 2020 and is based in Boca Raton, Florida. Plans call for WorkSquare to operate as a separate business under its own brand. Terms of the transaction were not announced. “I am confident that being part of the Health Advocates Network team will create a win/win for WorkSquare field employees,... Read More »Schedule a demo
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