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| Michigan Orthopedic Center, Ypsilanti, MI |
CHICAGO, IL (Jan. 15, 2013) — John Wilson, president
of HSA PrimeCare, the national health care real estate division of
Chicago-based HSA Commercial Real Estate, announced today that the firm
recently purchased the four-story, 86,125-square-foot Michigan Orthopedic
Center at 5315 Elliot Drive in Ypsilanti, Mich.
The facility is anchored by St. Joseph Mercy Health System
and some of the leading orthopedic surgeons in the state and is situated within
the 340-acre St. Joseph Mercy Hospital Ann Arbor campus.
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| Jon E. Boley |
HSA PrimeCare purchased the property from Michigan
Orthopedic Center Properties, a partnership of local medical practitioners. HSA
PrimeCare partnered with Boler Properties on the acquisition which was
represented by Greg French, CCIM, of Inverness-based French Commercial Realty.
St. Joseph Mercy
Health System occupies approximately 25 percent of the building’s leasable
square feet. The remainder of the space is populated by orthopedic specialists.
The building is currently 98 percent leased.
“We like the
building’s on-campus location, the hospital system as a long-term tenant, and
the demographics of Ann Arbor,” says Jon Boley, vice president of
acquisitions at HSA PrimeCare. “The combination of those factors made it a
logical addition to our portfolio.”
Lee Asher,
first vice president with CBRE, represented the seller.
Media contact:
Mark Thomton,
(312) 267-4523
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