The Auburn facility is situated on the MultiCare Auburn Hospital Campus in Washington. Image courtesy of Newmark
Anchor Health Properties, in a joint venture with Australian Retirement Trust, has acquired a three-property medical office portfolio in the Seattle and Charlotte, N.C., markets. The undisclosed previous owner sold the assets for $62 million. Newmark facilitated the transaction on behalf of both parties.
Known as the Novant & MultiCare On-Campus collection, the portfolio comprises a total of 166,000 square feet, and was 94 percent occupied at the time of the sale. The properties are within regional and flagship hospital campuses, offering a variety of medical services, including primary care, orthopedics, cardiology, pediatrics, heart and vascular, physical therapy, neurology, oncology, cardiac rehabilitation, OB/GYN, bariatrics and urology.
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Anchor Health Properties has more than 9 million square feet of health-care real estate assets under management, according to the company’s website, and it continues to add to its portfolio at a rapid pace. Recently, Anchor broke ground on a 100,000-square-foot medical office center in Peoria, Ariz.
Part of medical campuses
The Novant & MultiCare On-Campus portfolio includes a 41,000-square-foot MultiCare Health System in Auburn, Wash., and two Novant Health outpatient facilities: an 89,000-square-foot building in Matthews, N.C., and a 36,000-square-foot medical office building in Charlotte.
The Auburn facility is located at 202 N. Division St., has access to U.S. Route 18 and is some 26 miles south of downtown Seattle. The property is surrounded by other medical providers, including Auburn Regional Medical Plaza and Franciscan Medical Group.
The Matthews property is adjacent to the Novant Health Matthews Hospital Campus, which is located at 1500 Matthews Township Parkway, 12 miles from downtown Charlotte. The third asset in the portfolio is located on the Novant Health Presbyterian Hospital Campus at 200 Hawthorne Lane, less than two miles from downtown Charlotte.
The Newmark team that brokered the deal included Executive Managing Director Ben Appel, Senior Managing Directors Jay Miele, John Nero and Michael Greeley, Associate Director Ron Ott and Associate Conor Hilton, alongside Vice Chairman Bert Sanders and Senior Managing Director Cavan O’Keefe.
