Woodside Health sold the Novi Wellness Center, a 23,328-square-foot office building at 39500 W. Ten Mile Road in Novi, Michigan, to private equity firm Excelsior Capital.
The property, which is 97 percent occupied, will retain its tenants, some of which include Beaumont Health, Smile Doctors and ThriveWorks.
JLL Senior Vice President Chris DiSalle exclusively represented Woodside Health.
Renovated in 2020, the Novi Wellness Center features an updated common area and several high-end office buildouts. Sitting on four acres, the space is strategically located near several top medical providers, including the Henry Ford Medical Center, Detroit Medical Center, Ascension Michigan and Beaumont Hospital.
Due to the COVID-19 pandemic, the medical office building market in Detroit has become more competitive, with increased investor interest. Plus, Woodside Health’s ability to secure high-quality tenants has made the Novi Wellness Center a thriving medical destination.
