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JV Snags 48K-SF Medical Office Building in Rhode Island

Anchor Health Properties and joint venture partner The Carlyle Group have acquired a 48,000-square-foot medical office building in the Providence submarket of East Greenwich, R.I.

Located at 1454 South County Trail, the two-story property was built in 2013 and is currently 100% occupied by Lifespan Health System, Rhode Island’s largest health network with eight hospitals and more than 24,000 employees. Services offered in the facility include cardiology, pediatrics, primary care, and lab space.

Michael Greeley of Newmark represented the seller, Albany Road Real Estate Partners, in the transaction. Synovus Bank provided debt financing services the joint venture. The sales price was not disclosed.

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About David Cohen

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.

  • ◦Sale/Acquisition