Matthews Real Estate Arranges $11M Sale of Medical Office Building in LaGrange
Matthews Real Estate Investment Services has arranged the $11.3 million sale of LaGrange Med Ventures, the largest medical office building in LaGrange, GA. The property is located at 1075 Lafayette Parkway.
The deal was transacted by Ryan Burke, Rahul Chhajed and Michael Moreno of Matthews. The seller, found through Matthews’ comprehensive shared database, was looking to benefit from a master-leased sale leaseback to maximize the property’s value. Matthews agents structured the deal to source a viable buyer and streamline the closing process.
“The buyer’s exchange time perfectly aligned with the timeline of this deal,” said Moreno. “We were happy to complete a sale where both the buyer and seller walked away with positive outcomes.”
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.