• Property Type

    Multi-Tenant Medical Office Portfolio

  • Size

    101,916 Square Feet

  • Key Tenants

    Franciscan Health, Indiana Spine, Greenwood Orthopedics, US Renal Care

  • Transaction Value

    $30,000,000

THE ASSET

  • Over 100,000 square foot multi-tenant medical office portfolio anchored by Franciscan Health approximately 1-mile south of their flagship 465-bed hospital on the south side of Indianapolis.

THE OPPORTUNITY

  • Acquire a stabilized portfolio in the dominate south suburb of the Indianapolis MSA.
  • Create value through leasing vacancy, sophisticated property/asset management, and the development of two additional free-standing clinical medical buildings.

THE RESULT

  • Currently executing our business plan for the assets.
  • Signed leases with 4 new tenants and renewed 3 existing leases.
  • Actively negotiating with 3 independent physician groups for the new construction outlot buildings.