Anchor Health Properties, Wilmington, announced the closing and purchase of the Clearview Cancer Institute (“CCI”) medical office building inHuntsville, AL.
Anchor Health Properties worked with an institutional equity partner, Physicians Realty Trust to fund the investment.
The three story, 112,500 square foot Class A project was developed in 2006 and previously owned by some of the physicians who comprise the CCI oncology practice.
The building houses CCI’s operational headquarters in theHuntsvillemarket, featuring two linear accelerators and multiple oncology bays, in addition to traditional medical office space. Huntsville Hospital is a tenant in the building, providing outpatient services.
Anchor CEO Ben Ochsstated, “Creating and sourcing this opportunity and providing management services for the CCI medical office building allows us to build upon our growing footprint in the southeastern United States. Our operations have historically extended across the state ofTennessee, and gaining a large footprint in northernAlabamais a natural extension of that. We intend to provide regional leadership for the building out of ourNashville office. Adding this best-in-class facility and tenant to the Anchor roster further solidifies our focus on supporting clinical users with their real estate needs.”
Anchor Chief Investment OfficerJames Schmidstated, “The CCI investment has been a long time in the making. Combining a strong Anchor regional presence and CCI tenant relationship with a best in class institutional equity partner like Physicians Realty Trust will drive long term success for the CCI medical office building.”
Crunkleton Advisors and Colliers International provided sales advisory services on the transaction.
Anchor Health Properties is a national, full-service healthcare real estate development, management and acquisitions company focused exclusively on medical facilities. For more information, please visit:www.anchorhealthproperties.com.