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| Fletcher Parkway Medical Center, La Mesa, CA |
(Photo by Bill Robinson)
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| 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.”
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| Andrew Milne |
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.
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 http://www.theabbeyco.com/.
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 | hfflp.com
.
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