Anchor Health Acquires 107K-SF MOB Portfolio in Memphis
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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.