Maryland Medical Office Complex w/ASC, Digestive Care Center Sold

Shady Grove Professional Centers I and II, 103,249 square foot multi-tenant medical office buildings in Rockville, Maryland, have been sold.

The buildings were sold by Anchor Health Properties and MedProperties and acquired by a subsidiary of global property manager Heitman LLC.

Office space is 87% leased, with more than 15 ASCs and medical specialties, including Capital Digestive Care and Johns Hopkins, according to a Sept. 29 report. 13 press release.

Terms of the sale were not disclosed.

The property also includes practices for gastroenterology, MRI, pediatrics, primary care, family medicine and ophthalmology.

“It was a great time to buy, as the Shady Grove medical office market continues to see tremendous expansion with the hypergrowth of the life science submarket and the construction of the new Adventist Healthcare bed tower.” , said Brannan Knott, managing director of JLL Capital Markets. Investment Sales and Advisory, which advised on the sale, said in the press release.

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