Woodside Health Buys Research Triangle MOB

May 6, 2026

Investment Medical Office News Raleigh-Durham More Southeast

SITE Centers sold the university-affiliated facility.

Exterior shot of the medical office building at 400 Meadowmont Village Circle in Chapel Hill, N.C. — The property also known as Building 400 at Meadowmont Crossing serves as a key outpatient health-care destination in the city. Image courtesy of Woodside Health

Woodside Health has purchased Building 400 at Meadowmont Crossing, a medical office building in Chapel Hill, N.C. SITE Centers sold the 40,000-square-foot asset.

The sale is in line with SITE Centers’ repositioning efforts. The company had acquired the property in 2007 from The Inland Real Estate Group of Cos. as part of a $6.2 billion, 307-building portfolio transaction, according to Yardi Matrix.

Completed in 2001 on nearly 13 acres, the medical office facility is at 400 Meadowmont Village Circle, close to State Highway 54 and Interstate 40. Downtown Durham, N.C., is 11 miles away while Raleigh, N.C., is 26 miles away.

The property was nearly fully leased at the time of sale by a mix of medical and professional tenants. UNC Health, the non-profit health-care system that serves as the clinical partner of the University of North Carolina at Chapel Hill, anchors the three-story building that also includes first-floor retail.

MOB sector stays resilient

Medical office buildings continue to post solid fundamentals, as demand is driven by an aging U.S. demographic, while limited new development supports tight occupancy rates. The sector’s resilience attracted quite a few investors in 2025, which generated a sales volume of $11.3 billion—slightly lower than the $12.3 billion recorded in 2024, according to a JLL report.

One of the transactions that closed last year in the Raleigh-Durham metro was the $24.1 million sale of EmergeOrtho Southpoint. BGO purchased the 35,171-square-foot medical office asset from Davis Moore Capital in November.