 |
| Mindy Berman |
BOSTON, MA, Aug. 4, 2023 – JLL Capital Markets
arranged the $10.1
million sale of the Charleston Cancer Center totaling 26,256 square feet
in Charleston, South Carolina at a 5.28% cap rate.
 |
Alex Wilburn
|
JLL worked on behalf of the seller, Global
Medical REIT (NYSE: GMRE), and procured the buyer, Skytree Ventures, LLC.
The two-story, newly renovated medical
office building is located at 2910 Tricom St.
The property includes specialty
treatment equipment including an infusion area, computed tomography (“CT”)
imaging, a lab and an area on the second floor for clinical studies personnel.
The property is strategically located
adjacent to the 321-bed Trident Medical Center in a strong healthcare corridor
with additional presences from Roper Saint Francis Health (“Roper” or “RSFH”)
and the Medical University of South Carolina.
 |
| Brannan Knott, |
The center was originally built in 2002 and has
received renovations by both current ownership and tenant, RSFH, following
Roper's acquisition of Charleston Oncology.
“We are very pleased with the results of
this sale and thank the buyer and the JLL investment sales team for their
strong execution.
"Particularly meaningful in a turbulent and uncertain market,
this sale underscores the quality of the assets in our portfolio and our
ability to create value for our investors,” stated Alex Wilburn, Senior
Vice President at Global Medical REIT.
 |
| Lee Allen |
The JLL Capital Markets Investment Sales
team was led by Managing Director Brannan Knott, Executive Managing
Director Lee Allen, Senior Managing Directors Mindy Berman and Alex
Sharrin, Director Daniel Flynn and Associate Landon Weaver.
“The Charleston Cancer Center had all the
investment merits to attract investors from the institutional to private
capital and our collective team was able to drive a multitude of offers across
the investor spectrum despite the broader market headwinds.
 |
| Alex Sharrin |
"This speaks more loudly, to how we always
look for the best outcome for our clients and drew across our healthcare, net
lease and local capital markets expertise to optimize this sale,” said Knott.
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global investor
knowledge delivers the best-in-class solutions for clients — whether investment
sales and advisory, debt advisory, equity advisory or a recapitalization.
 |
| Daniel Flynn |
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
For more news, videos and research
resources, please visit JLL’s newsroom.
About Global Medical REIT
Global
Medical REIT Inc. (NYSE: GMRE) is a net-lease medical office real estate
investment trust (REIT) that owns and acquires healthcare facilities and leases
those facilities to physician groups and regional and national healthcare
systems.
 |
| Landon Weaver |
CONTACT:
Alli Semans
Public Relations, Associate
Phone: +1 330 329 6750
Email: Alli.Semans@jll.com
jll.com.
