Newmark Knight Frank Arranges Sale-Leaseback of $56M MOB Portfolio
- Nov 14, 2019
Newmark Knight Frank Global Healthcare Services’ Vice Chairman Todd Perman, Senior Managing Director Dana Hamric and Associate Richard Gerakitis worked together with Executive Managing Director Kevin McLaughlin from Newmark Grubb Zimmer in St. Louis to arrange the sale-leaseback of the Jefferson City Medical Group portfolio in Jefferson City, Mo. The buyer, MB Real Estate Advisors, paid $56.1 million for the two assets, which total 184,181 square feet.
The two properties, a state-of-the-art medical building and an adjacent orthopedic center, are located at 1241 and 1225 W. Stadium Blvd., approximately 3 miles from the city’s downtown and The LINC Recreation and Wellness Center. The assets encompass a full-service laboratory, outpatient surgery center and nuclear medicine, featuring 64-slice CT, x-rays, DEXA scans, ultrasound and fluoroscopy.
The transaction was one of the largest sales of medical office properties owned by an independent medical group in Central Missouri in recent years. JCMG, one of Missouri’s largest multi-specialty groups, has been operating in the Jefferson City area for more than 25 years.
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