 |
Shady Grove Professional Centers I and II,
two multi-tenant medical office buildings
totaling 103,249 square feet
n Rockville, MD |
BOSTON,
MA – JLL Capital
Markets has closed the sale of Shady Grove Professional Centers I
and II, two multi-tenant medical office buildings that total 103,249 square
feet in Rockville, Maryland adjacent to the Adventist Healthcare Shady Grove
Medical Center. The price was not disclosed.
 |
| Mindy Berman |
JLL marketed the
property on behalf of Anchor Health Properties and MedProperties. An
affiliate of Heitman LLC (Heitman), a global real estate investment management
firm, acquired the asset.
 |
Amanda Davis
|
The JLL Capital Markets
Investment Sales and Advisory team representing the seller was led by Managing
Director Brannan Knott, Senior Managing Director Mindy Berman, Directors
Dave Baker and Anthony Sardo, Senior Director Chris Hew
and Associate Landon Weaver. |
| Brannan Knott, |
Leasing support is provided by
Senior Managing Director Amanda Davis and Senior Vice President JG
Cahill.
“This was an ideal time to buy,
as the Shady Grove medical office market continues to experience considerable
expansion with the hyper growth of the life science submarket and the
construction of the new Adventist Healthcare bed tower,” Knott said.
“The Shady Grove Professional
Centers garnered significant interest from the healthcare investment community
from industry veterans such as Heitman and new entrants due to the rare scale,
acuity and campus adjacent location within a sought-after metro.”
 |
| Dave Baker |
The buildings are 87%-leased to
a variety of tenants and are anchored by Capital Digestive Care, Johns Hopkins
and independent physician groups.
Shady Grove Professional
Centers I and II are multi-specialty clinical buildings with more than 15
medical specialties and ambulatory surgery centers with 18 operating and procedure
rooms.
Aside from surgery centers, the
properties include top specialty practices such as gastroenterology, MRI and
imaging, pediatrics, primary care, family care and ophthalmology among others.
Located at 15001 and
15005 Shady Grove Rd., Shady Grove Professional Centers I and II are adjacent
to the 329-bed Adventist Healthcare Shady Grove Medical Center, the market
leading acute care center in the area.
 |
| Anthony Sardo |
The properties benefit from
their position within the D.C. Metro, the sixth largest in the U.S. with nearly
6.3 million citizens.
The average household income
within a three-mile radius of the buildings is $156,056 and 65.2% of residents
in the Shady Grove submarket hold a bachelor’s degree or higher.
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 and sales advisory,
debt advisory, equity advisory or a recapitalization.
 |
| Chris Hew |
The
firm has more than 3,000 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For
more news, videos and research resources on JLL, please visit our newsroom.
About Anchor Health
Properties
Established in 1985, Anchor
Health Properties is a national, full-service healthcare real estate
development, management and investment company focused exclusively on
healthcare facilities.
Founded on many of the same principles basic to the
creation of a successful retail center, their strategic, holistic approach to
navigating competitive healthcare markets evolved from their days in retail
development.
 |
| Landon Weaver |
About MedProperties
MedProperties is a national
dedicated healthcare investment manager investing in stabilized, near
stabilized and value-add healthcare properties as well as ground up
developments.
MedProperties has invested in over 100 healthcare properties
encompassing four and half million square feet across 28 states.
About Heitman
Founded in 1966, Heitman LLC is a global real
estate investment management firm with more than $53 billion in assets under
management.
 |
| JG Cahill |
Heitman’s real estate investment strategies include direct
investments in the equity or debt capitalization of a property or in the
securities of listed and publicly traded real estate companies.
Heitman serves
a global client base with clients from North American, European, Middle Eastern
and Asia-Pacific institutions, pension plans, foundations and corporations and
individual investors.
Headquartered in Chicago, with additional offices in
North America, Europe, and Asia-Pacific, Heitman’s approximately 350 employees
offer specialized expertise – from a specific discipline to local insight.
CONTACT:
Cierra
Lacasse
JLL Associate
Public
Relations
Phone: +1
602 648 8701
Email: Cierra.Lacasse@am.jll.com
