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| Rendering: Planned a 20,399-square-foot medical office building to-be-built in Syracuse, UT |
DENVER, CO – JLL Capital Markets has arranged an equity placement for the Syracuse Medical Office Building Development (“Syracuse MOB”), a 20,399-square-foot medical office building to-be-built in Syracuse, Utah. Financial details were not disclosed.
JLL advised Fort Street Partners to secure the equity
through Chestnut Healthcare Real Estate.
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| CJ Kodani |
The JLL Capital Markets team was led by Director CJ Kodani and Managing Director Mark Root.
“Phenomenal deal
formation from Fort Street Partners and exceptional equity commitment from
Chestnut during a turbulent time in the market. Great execution from all
parties involved,” said Kodani.
To be completed in 2025, Syracuse MOB will be a premier
medical office building that is 100 percent pre-leased by three regional
physician groups.
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| Mark Root |
The strategic selection of tenancy will capitalize on Utah's organic population growth and cater to the healthcare needs of the expanding community of young families.
Located at 3000 W Antelope Dr., Syracuse MOB is
conveniently located off 1700 South, the primary thoroughfare for the city of
Syracuse and only 30 minutes south of downtown Salt Lake City.
The facility sits less than five miles west of the
Interstate 15 interchange and Holy Cross Hospital - Davis. The building is
poised to benefit from its proximity to four separate hospitals totalling 723
beds within a 10-mile radius.
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CONTACT:
Kristen Murphy
Director, Public Relations
JLL
One Post Office Square, Suite 1100
Boston, MA 02109
617-543-4873
