February 4, 2017
This is a four story, multi-tenant medical office building. The subject property was completed in 2008 and is Class A construction totaling +/- 60,600 square feet. The property features steel frame construction, concrete flooring, and brick and tinted glass façade. This property is located in the Med Tech Park Corridor next to the brand new $120M Franklin Woods Community Hospital and is less than 2.5 miles from the Johnson City Medical Center. This property is anchored by East Tennessee Ambulatory Surgical Center (ETASC).
Maury Regional Health Complex totals 62,499 SF of Class A medical office space and was delivered as a build to suit for Maury Regional Health and Vanderbilt University Medical Center. Maury Regional and Vanderbilt have formed a partnership offering radiation oncology on site equipped with a linear accelerator. Additionally, Maury Regional operates an outpatient surgery center on the second floor.
The offering consists of 2 medical office buildings totaling 155,314 of rentable SF on 36.18 acres. The properties were built in 1982 and fully renovated in 2006 and 2014. The buildings are anchored by Columbia Medical Practice (a Johns Hopkins Medical Alliance for Patients which is an accountable care organization), University of Maryland Orthopedics, Chase Brexton, St. Agnes, and LabCorp.
January 26, 2017
The Wellmont Health System building in Abingdon, Virginia is a 30,000 SF medical office building situated on 4.10 acres. The subject property was built in 2011 and has a brand new 20 year lease with escalations. Wellmont Health System is a leading healthcare provider in the Tri-Cities region of Northeast Tennessee and Southwest Virginia.
This is a three story multi tenant medical office building totaling 45,706 SF situated on 3.24 acres. The building is 100% leased to University Medical Center (CHS subsidiary), Tennessee Sports Medicine, Cumberland University Nursing, Snodgrass-King Dental Associates, and Select Physical Therapy.
Terrace Park Professional Center in Bettendorf, IA totals 59,615 square feet. Terrace Park Professional Center is attached to Trinity Medical Center, a 139-bed general medical and surgical hospital owned by Unity Point Health Systems, the nation’s 13th largest nonprofit health system and the fourth largest nondenominational health system. Terrace Park Professional Center is an innovative concept in medical office design that joins specialized providers, progressive testing facilities, ancillary services, and the area’s leading hospital together in one location to deliver calm, integrated healing. On-site specialties include orthopedics, OB/GYN, wound care, MRI, neurology, family medicine, pain management, and pediatrics.
This was a physician sale leaseback for State of Franklin Healthcare Associates. The two buildings were built in 2008 & 2011 and total 169,655 square feet. The properties are directly adjacent to the newly built Franklin Woods Community Hospital.
Physicians Plaza of Lebanon is a 73,638 SF multi-tenant medical office building. The property was built in 2007. Tenants in the building include HCA, Saint Thomas, Premier Orthopedics, and Lebanon Endoscopy Center.
Iasis Healthcare-Ouachita Community Hospital is a multi-specialty surgical hospital in West Monroe, Louisiana. The subject property was a build to suit for the tenant in 2004 and is 17,640 sf situated on 2.9 acres. The property is highly specialized as a medical facility containing operating rooms, pre-op stations, and recovery beds on the perimeter of the building. Iasis Healthcare is a $2.6 billion dollar for profit healthcare system with 18 acute care hospitals, 4,300 licensed beds, and 14,000 employees.
This was a physician sale leaseback for Holston Medical Group. The portfolio totals 299,527 SF. HMG was founded in 1977 and is one of the largest physician led multi-specialty groups in the southeastern United States with nearly 150 primary care physicians, specialists, and mid-level providers.