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JLL Completes $50M Monetization of Eugene Medical Outpatient Building
JLL announced the $50.3 million monetization of a fully leased, 157,296-square-foot multi-specialty medical outpatient building located at 1200 Hilyard St. in Eugene, positioned two blocks from the University of Oregon.
JLL represented the seller, PeaceHealth, as part of the disposition of its larger University District campus. This large outpatient building was acquired by Montecito Medical. As part of the deal, PeaceHealth entered into a 12-year sale-leaseback agreement and will continue to operate at the property.
Constructed in 1990 and substantially renovated in 2014, the property has an attached 888-stall parking structure that provides direct access to the medical building via an elevator core. JLL’s ongoing efforts on behalf of PeaceHealth are led by Managing Directors Tom Kirschbraun and Buzz Ellis.
JLL’s healthcare and medical office building team was brought in on the transaction, led by Senior Managing Directors Evan Kovac and Andrew Milne, Senior Director Matt DiCesare and Associate Sam Prendergast.
