Friday, July 28, 2017

HFF closes sale of Fletcher Parkway Medical Center on San Diego’s Sharp Grossmont Campus

Fletcher Parkway Medical Center, La Mesa, CA
                                                                                                               (Photo by Bill Robinson)

Evan Kovac
SAN DIEGO, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Fletcher Parkway Medical Center, a mission-critical, 82,024-square-foot, three-story medical office building in the San Diego suburb of La Mesa, California.

HFF marketed the property on behalf of the seller, The Abbey Company.  Anchor Health Properties purchased the fee-simple asset free and clear of existing debt.

Fletcher Parkway Medical Center is located adjacent to the award-winning Sharp Grossmont Hospital just north of the Interstate 8/California 125 interchange in La Mesa. 

Anchored by Sharp HealthCare, the property features services, including imaging, a Surgical Care Affiliates (SCA) surgery center, radiology, laboratory, diagnostics, cardiology, pediatrics, ophthalmology, rehabilitation and hospice.

The HFF investment sales team representing the seller was led by managing director Evan Kovac, associate Andrew Milne and senior associate Trent Jemmett.

“Fletcher Parkway Medical Center represented the rare opportunity to acquire an institutional-quality, value-add medical office building on the campus of a market-leading, West Coast healthcare system,” Kovac said.  “The new owner has the ability to lease the remaining vacant space in a submarket where occupancy and rental rates are near record highs.”

Andrew Milne
The Abbey Company is a privately held real estate investment and management firm founded in 1990 by Donald G. Abbey to acquire and manage value-added real estate investments for its own account. 

Since inception, the company has acquired a diverse commercial real estate portfolio in Central, Southern and Northern California.  

The company brings a unique and focused owner/operator perspective in identifying investment opportunities and executing management and leasing strategies to enhance asset value, generate attractive investment returns and maximize operating cash flow.

 Having successfully executed its business plan, the company has grown its current portfolio size to over 34 properties encompassing around three million square feet and approaching 800 tenants. 

For more information, please visit

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza, Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |


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