JLL Capital Markets has completed the sale of a core medical office portfolio totaling 439,000 square feet across seven properties primarily located on hospital campuses in top metro areas in Indiana, Illinois and Missouri.
JLL represented the seller and procured the buyer, Healthpeak Properties, Inc.
The properties are strategically aligned with the Midwest’s top integrated healthcare systems, including Ascension, Franciscan, AMITA and University of Missouri Health. The Class-A portfolio is 93 percent occupied, including 75 percent direct health system occupancy, offering stability of income at critical campus locations that have been institutionally owned and operated for many years.
The buildings, which average about 62,000 square feet, are a blend of single and multi-tenancy and feature surgery centers, cancer treatment centers and advanced diagnostic imaging. The properties are located in Indianapolis, Mooresville and Zionsville, Indiana, as well as Bolingbrook, Illinois, and Columbia, Missouri.
The JLL Healthcare Capital Markets team representing the seller was led by Senior Managing Directors Mindy Berman and Daniel Turley, Managing Director Tim Joyce and Senior Director Brannan Knott.
