Quantum Real Estate Advisors, Inc. has brokered the sale of a freestanding medical office building located at 124 Elton Hills Ln., Rochester MN. Terms of the sale weren’t disclosed.
The property is occupied by Bluestem Center for Child and Family Development. The seller was a Midwest healthcare provider, and the buyer was a NYC-based medical acquisition fund.
Seth Gilford, VP of Quantum, represented the seller, while EVP Zackary Hilgendorf represented the buyer.
“This was an example of how much demand there is within the medical space,” Gilford said. “A successful medical user coupled with a long-term lease made this an attractive investment opportunity for the buyer.”
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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