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Anchor Health JV Pays $62M for Medical Office Portfolio
In a joint venture with Australian Retirement Trust, Anchor Health Properties has acquired a three-property medical office portfolio in the Seattle and Charlotte, North Carolina, markets for $62 million.
Newmark facilitated the transaction with a team including 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.
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 portfolio includes a 41,000-square-foot MultiCare Health System property in Auburn, Washington, and two North Carolina Novant Health outpatient facilities.
Located at 202 N. Division Street, the Auburn facility 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.
