A joint venture between Chicago-based Stage Equity Partners and Middleton Partners has acquired two medical office buildings in southwest Florida. The new JV paid roughly $125 per square foot for the buildings, which total approximately 70,000 square feet of space. According to a National Real Estate Investor Online article, the properties were acquired from a publicly traded healthcare REIT in an off-market transaction.
Located in Bradenton, Florida, the buildings were reportedly 95% occupied at the time of sale. A subsidiary of HCA Healthcare, one of the region's largest healthcare providers, leases roughly 60% of that space.
For more news and information, visit Blumberg Capital Partners.
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