National + Minnesota + Office | December 23, 2019

CBRE Completes Sale of 4-State MOB Portfolio

A CBRE team based in Atlanta and Denver completed the sale and financing of a nine-building medical office portfolio totaling approximately 470,000 square feet located in two Midwestern states, Pennsylvania and Virginia. Deal terms weren’t disclosed.

Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger of CBRE’s Healthcare Capital Markets team served as advisors for the transaction and sourced the buyer for the portfolio sale. Additionally, Sabrina Solomiany of CBRE’s Debt & Structured Finance group worked on behalf of the buyer, a confidential entity, to secure the financing.

The medical office building portfolio included Advocate Sherman Medical Building in Elgin, IL; Oak Lawn Medical Building in Oak Lawn, IL; High Pointe Health Campus in Lake Elmo, MN; Einstein Medical Building in East Norriton, PA; Sterling Medical Building in Sterling, VA; Pavilion I & II in Duluth, MN; and CentreMed I & II in Centreville, VA.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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