 |
| Maria Poyer |
 |
| Evan Kovak |
PHILADELPHIA, PA, April 3, 2019 – HFF announces it has
closed the sale of The Children’s Hospital of San Antonio Health Pavilion,
a brand new, 100-percent-leased, 57,250-square-foot, state-of-the-art and
purpose-built medical office building located in the prestigious Stone Oak
submarket of San Antonio, Texas.
HFF marketed the asset on behalf of the seller, Seavest
Healthcare Properties, LLC, and procured the buyer, Harrison Street.
The Children’s Hospital of San Antonio Health Pavilion is
located at 1434 East Sonterra Boulevard adjacent to the 242-bed Methodist Stone
Oak Hospital and near the 362-bed North Central Baptist Hospital.
The medical office
building has visibility from U.S. Highway 281, which boasts traffic counts of
more than 100,000 vehicles per day, and is in the Stone Oak submarket of San
Antonio, an affluent area that is anticipated to see five-year population
growth of 9.2 percent, nearly three times the national average.
 |
| The Children’s Hospital of San Antonio Health Pavilion. 1434 East Sonterra Boulevard, adjacent to the 242-bed Methodist Stone Oak Hospital and near the 362-bed North Central Baptist Hospital in the Stone Oak submarket of San Antonio, TX |
 |
| Ben Appel |
The property is anchored by CHRISTUS Santa Rosa Health
System, a wholly-owned sub-network of CHRISTUS Health (Moody’s A1), which
occupies 83 percent of the square footage.
A pediatrics-focused outpatient facility, the property
opened in 2018 and houses a Tier 1 freestanding children’s emergency center and
urgent care, the first of its kind in northern San Antonio.
The property also
features a variety of complementary pediatrics focused services, including
primary care, imaging, lab, outpatient treatment facilities and KidSTOP.
 |
| Andrew Milne |
The HFF investment advisory team representing the seller
included managing directors Evan Kovac and Ben Appel, director Andrew
Milne, associate Matt DiCesare and analyst Maria Poyer of
HFF’s national medical office capital markets team, along with the local team
led by managing director John Taylor. John Chun, a member
of HFF’s medical office capital markets team, provided debt and structured
finance expertise.
“The ChoSA Health Pavilion is an innovative and
best-in-class children’s medical facility,” Milne said. “The process
generated significant investor demand primarily driven by the core nature of
the property, tenancy and location.”
Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.
About Harrison Street
Harrison Street is one of the leading real estate investment management firms exclusively focused on the education, healthcare and storage sectors.
 |
| John Taylor |
About Seavest Healthcare Properties
Seavest Healthcare Properties, LLC is a real estate
investment manager focused on the medical office and outpatient facility
sector.
The firm acquires existing properties, joint ventures with
established developers to build new properties, and asset manages medical
office buildings, outpatient facilities and similar healthcare real estate
assets.
A pioneer in this sector, Seavest made its first healthcare
real estate investment in the mid-1980s.
 |
| John Chun |
For more information, please visit SeavestHCP.com.
CONTACTS:
BEN APPEL
HFF Managing Director
(215) 872-9903
EVAN KOVAC
HFF Managing Director
(858) 812-2365
(858) 812-2365
JOHN TAYLOR
TX Lic. #466052
HFF Managing Director
(210) 660-2104
