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CBRE Closes Sale of MOB at U. of Maryland Laurel Medical Center
CBRE facilitated the sale of the University of Maryland Laurel Health & Wellness MOB, a 55,598-square-foot medical outpatient building (MOB) located at 7140 Contee Rd., Laurel, MD to UDLR Partners. The price was not disclosed.
Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Tim Connolly of CBRE’s Bethesda, MD leasing team to act as the exclusive advisors to the seller, Catalyst Healthcare Real Estate.
Delivered in the spring of 2024, the Class A facility is leased on a triple-net basis with long-term WALT. The property is located on the campus of the University of Maryland Laurel Medical Center as part of a multi-phase plan to create a health and wellness destination campus. The property is anchored by University of Maryland Medical System-related entities and the University of Maryland Faculty Physicians.
- ◦Sale/Acquisition