Healthcare real estate development management and investment company Anchor Health Properties has acquired a two-property, 106,969-square-foot medical office portfolio in the Germantown submarket of Memphis, TN.
The two properties traded include 7205 Wolf River Boulevard and 6286 Briarcrest Avenue. Both properties are positioned within a medical corridor featuring prominent regional providers from a wide variety of clinical specialties and close proximity to three prominent hospitals. Specialty care outpatient services offered across the two assets include internal medicine, plastic surgery, OB/GYN, integrative health, cardiovascular, orthopedics, sports medicine, imaging and ENT.
Both buildings were developed and owned by Weston Cos., and the sale to Anchor marks Weston’s exit from the Memphis commercial real estate market. Steve Hall and Kevin Markwordt of Transwestern represented Weston Cos. in the sale.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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