California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + San Diego  + Healthcare  | 

Med Plaza Provides Anchor and Carlyle a Third-Party Investment Opp

Vista Medical Plaza recently sold for $26.75 million to a partnership between Anchor Health Properties and Carlyle. The multi-tenant medical office building totaling 54,703 square feet is in the North County city of Vista.

Vista Medical Plaza is located at 2067 W. Vista Way, adjacent to the 320-bed Tri-City Medical Center in a medical node that is heavily concentrated with healthcare tenants. In 2016, Vista Medical Plaza underwent major renovations and building improvements to bring the building up to class-A standards. The 87.6 percent-leased facility is home to a mix of national investment-grade tenants, and local and regional practices.

JLL represented the seller, AmeriCare Health & Retirement Inc., and procured the buyer. The JLL team representing the seller was led by Evan Kovac, Andrew Milne, Trent Jemmett and Niema Beglari.

“We continue to see strong demand for healthcare properties due to a lack of supply in the market coupled with an overflow of equity that has been allocated to healthcare from traditional asset classes,” said Kovac. “Vista Medical Plaza provided Anchor and Carlyle the opportunity to invest in the highest quality third-party owned medical office building on-or-adjacent to the Tri-City campus.”

Connect

Inside The Story

Evan Kovac

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
Chase-19-cube
Money360-26-cube