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Stream Managing Director and Executive Vice President Shay Pope facilitated the renewal, representing Pipeline in the transaction. Steven Hurwitz, Doug Okun, and Madeline Fine of JLL represented the landlord.
Donna Abood, Joe Abood, and Peyton Dowd of Savills have been appointed to market the commercial sale and leasing opportunities for the project.
With over 25 years of experience in commercial real estate and healthcare,she has been instrumental in expanding Blanca CRE’s healthcare leasing portfolio by 1 million square feet since joining the firm in 2021.
Forman Capital’s Ben Jacobson, Scott Mehlman and Ty Regnier originated the loan on behalf of the borrower/sponsor. Jay Miller, Spencer Miller and Noah Rothman of BayBridge Real Estate Capital brokered the financing. The transaction closed on August 29.
The firm’s Adam Docktor is overseeing leasing at the business park.
Wayne Ramoski, Mark Gilbert and Miguel Alcivar of Cushman & Wakefield represented the selling partnership in the transaction.
Jaime Sturgis brokered all three deals, which have a combined sale price of $8.6 million.
The medical center was 100% occupied at the time of the sale.
Currently, the property is 92% leased to a diverse roster of 48 tenants.
The office building is an eight-story, 17,450-square-foot building situated on a 0.34-acre land parcel.
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