Nasseff Specialty Center Medical Building Sold to Allina Health

Nasseff Specialty Center, a medical complex located on the United Hospital, Minnesota campus in St. Paul, traded hands this week as Allina Health purchased the property. According to a Finance & Commerce article, the seller was Smith Avenue Realty Associates, a partnership that includes some of the physicians who worked in the building. While terms of the deal were not disclosed, Minneapolis / St. Paul Business Journal reported that Allina has been consolidating some the medical practices in the 119,199-square-foot building, at 225 N. Smith Ave. The seller was represented by the CBRE Institutional Group in Minneapolis led by Ryan Watts, Steven Buss and Tom Holtz.

Designed by KKE Architects, Inc., the 119,199 squarefoot Nasseff Specialty Center was built in 2005 at 215-225 Smith Avenue North. The Nasseff Specialty Center is home to some of the most sought-after medical specialists in the region, including United Vascular Clinic, United Heart & Vascular Clinic, St. Paul Lung Clinic, Minnesota Epilepsy Group, United Neurosurgery Associates, University of Minnesota Physicians , Pediatric Specialty Clinic – St. Paul, St. Paul Pulmonary Hypertension Clinic, and Midwest Ear, Nose & Throat Specialists.

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