Medical Office Packs Portfolio

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Downtown-based CBRE Global Investment Partners has acquired a 95 percent interest in a 25-building medical office portfolio, comprising properties across 10 states.

The portfolio includes buildings totaling 1.4 million square feet of existing space and a 150,000-square-foot development project, the company said last week. The price of the deal wasn’t disclosed.

The properties include multiple buildings in Atlanta and Chicago. The buildings are about 95 percent occupied, with key tenants including national and regional health care systems along with high-quality specialists, according to the firm.

CBRE Global Investment Partners is an arm of downtown L.A.’s CBRE Global Investors, ranked No. 10 on the Business Journal’s list this year of largest money management firms based on assets managed in Los Angeles County in 2016, at $86.6 billion.

“The medical office sector has seen strong demand due to demographic drivers that have heightened consumer demand for health care,” Ian Gleeson, chief information officer of CBRE Global Investment Partners, said in a statement.

– Neil Nisperos

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