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Mission Viejo Medical Center MOB Planned at Retail Center
HFF closed the partial interest forward sale and arranged the full capital stack of joint venture equity and financing for the ground-up development of Mission Viejo Medical Center (MVMC). The fully-approved, 104,500-square-foot, Class A medical office building is situated on a parking field of the Simon-owned Shops at Mission Viejo in Mission Viejo, CA.
HFF’s Evan Kovac, Andrew Milne and Trent Jemmett advised the seller, Newport Beach, CA-based NCA Real Estate. Welltower Inc. agreed to purchase the developer’s interest and also provide equity and debt capital to the new partnership.
NCA conceptualized MVMC more than eight years ago when it commenced negotiations to acquire the underutilized mall site, recognizing the synergies between retail and medical office. The site is near the main entrance of Providence St. Joseph’s 523-bed Mission Hospital. Upon completion in 2019, it will be the first on-campus MOB constructed in South Orange County in more than 10 years.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development




