Tuesday, January 15, 2013

HSA PrimeCare Acquires 86,125-SF Michigan Orthopedic Center on the St. Joseph Mercy Hospital Ann Arbor Campus



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.

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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