Montecito Medical Real Estate Continues Its Texas Expansion
Nashville, Tennessee-based real estate investment firm Montecito Medical Real Estate announced that it has acquired a Texas medical office building (MOB). The 31,247-square-foot building is in the Dallas suburb of Plano. The building is tenanted by five medical providers and is anchored by Dallas Neurological and Spine. 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. This acquisition marks Montecito’s 15th transaction in the Dallas-Fort Worth MSA over the last two years. The financial terms of the acquisition were... Read More »
Montecito Medical Real Estate Acquires Tampa Medical Office Building for $10 Million
Montecito Medical Real Estate has acquired a medical office building (MOB) in Tampa, Florida, for $10 million. The 16,667-square-foot property sold for $600 per square foot. A team from Matthews Real Estate Investment Services represented the sellers, the partners of The Reproductive Medicine Group, in the transaction. The Reproductive Medicine Group will remain in its current location. 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. According to data captured in the LevinPro HC database, this acquisition marks the 21st MOB... Read More »
Vivo Infusion Announces Acquisition of CIVIC Infusion
Vivo Infusion announced on January 31 it has acquired Wilton, Connecticut-based CIVIC Infusion. Vivo Infusion will now have a combined 36 ambulatory infusion centers across nine states. CIVIC’s co-founders Barry D. Stein, M.D. and Robert M. Roteman, M.D. will join Vivo Infusion as medical directors. Financial terms of the transaction were not disclosed. Founded in 2018, CIVIC Infusion delivers solutions for infusion patients in Connecticut and New York. It offers therapies for acute and chronic conditions in specialties such as allergy/immunology, gastroenterology, neurology and rheumatology. CIVIC’s physicians work with certified infusion nurses to provide medical care to adult and... Read More »
JLL Advises the Sale of Two Cincinnati Medical Office Buildings
Azora Exan announced on January 30 that it acquired two medical office buildings (MOB) in Cincinnati for $78 million. 90 North Real Estate LLP, a real estate investment manager, was the seller. JLL represented both 90 North Real Estate and Azora Exan in the transaction. JLL also arranged the acquisition loan for Azora. The Offices at Vernon Manor is a seven-story, 156,000-square-foot building that was built in 1924 and renovated in 2011. Offices @ Vernon Place consists of 147,130 square feet and is a four-story building. It was completed in 2017. Both buildings are fully leased by Cincinnati Children’s Hospital. The price is approximately $257 per square foot. Founded in 2013, Azora Exan... Read More »
Charles River Laboratories acquires SAMDI Tech for $50 Million
Charles River Laboratories International, Inc. (NYSE: CRL) announced on January 30 that it acquired SAMDI Tech, Inc. The purchase price was $50 million in cash for 80% ownership. Based in Chicago, Illinois, SAMDI Tech offers a proprietary mass spectrometry (MS) technology for high-throughput analysis of biochemical activities and affinity selection MS for identifying binding interactions. Charles River Laboratories is a provider of research tools and integrated support services that enable drug discovery and development, including genetically and virally defined purpose-bred lab animals. In 2021, the company reported revenue of $3.54 billion. The combination of Charles River’s... Read More »Schedule a demo
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