AW Property Lands $55M for North Carolina MOB Portfolio; properties total nearly 300,000 square feet

11/15/2024

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CPE

• Subcategory: Capital Markets: Debt, Medical: Facilities (Non-Hospital), Medical: Office

• Tag: Sale

• Additional Filters-Subcategory: Medical: Clinic-Health-Wellness, Medical: Off Campus, Medical: Outpatient, Medical: Physical Therapy-Rehabilitation, Medical: Primary Care, Office: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: Jones Lang LaSalle (NYSE: JLL), Guardian Life Insurance Co.

AW Property Co. has obtained $55.2 million in acquisition financing for a North Carolina medical office portfolio totaling 297,500 square feet. The nine properties are in Burlington, Durham and Greensboro.

JLL worked on behalf of the borrower and placed the 10-year, fixed-rate loan. The Guardian Life Insurance Co. provided the note, according to public records show.

The firm acquired the portfolio with an average vintage of 2006 from Healthcare Realty in July. The seven Guilford County assets changed hands for a combined $79.4 million, public records also show.