JLL Capital Markets arranges acquisition of 1 Hampton Road in Exeter, NH. as part of the programmatic joint venture by Sendero Capital and Angelo Gordon

 Mindy Berman

 BOSTON, MA–  JLL Capital Markets advised on the acquisition of 1 Hampton Rd., a medical office campus comprised of two buildings totaling 82,000 square feet in Exeter, New Hampshire.The price was not disclosed.

Brannan Knott

JLL represented Sendero Capital and Angelo Gordon, who have formed a programmatic joint venture (also arranged by JLL) for up to $300 million in investments in outpatient healthcare real estate over the next two years, in the acquisition.

The JLL Capital Markets team was led by Managing Director Brannan Knott, Senior Managing Director Mindy Berman, Director Anthony Sardo, and Associate Landon Weaver.

 

 The purchase of 1 Hampton Road is the third acquisition as part of the joint venture, which will focus on value-add and core plus outpatient medical office and surgery center assets throughout the Northeast United States – a region with high barriers to entry, strong growth, and one of the largest concentrations of healthcare businesses in the U.S.

Anthony Sardo,

The property is 82,000 SF, 92% leased to medical tenants, and anchored by Access Sports Medicine, Seacoast Pathology and Exeter Hospital.

 

  In June, New Hampshire’s attorney general’s office signed off on Exeter Hospital joining Beth Israel Lahey.  The deal has been in the works since June 2022 and it includes a $375 million investment into Exeter Hospital and its affiliates.

 

“We are very excited to announce the acquisition of 1 Hampton Rd and to be a part of the growing community in Exeter, NH, said Ross Negele, Principal, Sendero Capital.

 

 Landon Weaver.

"We see this as an opportunity to partner with Exeter Hospital & Beth Israel Lahey Health, as well as many of the region’s leading healthcare providers, as the premier off-campus outpatient medical facility in the region.”

 

1 Hampton Rd. is located one mile from Exeter Hospital and less than 50 miles from two national airports (Manchester, NH and Boston, MA).

 

The location is easily accessible from NH Route 101, U.S. Interstate 95 and the Amtrak Commuter Rail via the Downeaster.

 

Ross Negele,

Exeter is considered the “crossroads” of the New Hampshire Seacoast. The area has a year-round population of nearly 15,000 residents, with a diverse housing mix and a diverse population, with a combination of seniors, young families and millennials.

Exeter is ideally situated 50 miles north of Boston, Massachusetts, 50 miles south of Portland, Maine, and 30 miles east of Manchester, New Hampshire.

 

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality,

 Capital Markets

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