{"id":1004125693,"date":"2015-08-20T01:50:33","date_gmt":"2015-08-20T09:50:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358456"},"modified":"2022-08-08T23:04:12","modified_gmt":"2022-08-09T07:04:12","slug":"heritage-medical-buys-office-building-for-5-4m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/heritage-medical-buys-office-building-for-5-4m\/","title":{"rendered":"Heritage Medical Buys Office Building for $5.4M"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Heritage Medical Development Group LLC<\/a> is expanding its portfolio with the acquisition of a health-centered office building. The 25,372-square-foot property is located at 2325 Crestmoor Road in Nashville\u2019s Green Hills area.<\/p>\n

\"Green<\/a><\/p>\n

Green Hills medical office building<\/p>\n<\/div>\n

Real estate executive Shirley Zeitlin and Pinnacle Bank in its role as executor of the estate of Zeitlin\u2019s deceased business partner, Elise C. Whalley, sold the property for $5.4 million to an affiliate of Heritage Medical Associates. According to The Tennessean<\/a><\/em>, the former owner acquired the medical office asset back in 2009 for $1.9 million.<\/p>\n

That buying entity, made up of 90 shareholders in the physicians group, then leased the medical office building back to Heritage Medical Associates under a master lease. The acquisition also included an adjacent parking lot at 2403 Crestmoor Road.<\/p>\n

Heritage Medical Associates occupies more than 90 percent of the building, while the remaining space is leased to four other small tenants.<\/p>\n

At the Green Hills health care office property, the physicians group offers behavioral medicine, pediatrics and adult primary care along with X-rays.<\/p>\n

Heritage Medical Associates is the largest independent multi-specialty physician\u2019s group in Middle Tennessee with 14 offices located in Nashville, Bellevue, Franklin, Green Hills, Hermitage and Mount Juliet.<\/p>\n

Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Heritage Medical Development Group LLC is expanding its portfolio with the acquisition of a health-centered office building.<\/p>\n","protected":false},"author":735,"featured_media":1004505759,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[1598],"class_list":["post-1004125693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nashville-knoxville","category-latest","tag-nashville"],"acf":[],"yoast_head":"\nHeritage Medical Buys Office Building for $5.4M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/heritage-medical-buys-office-building-for-5-4m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heritage Medical Buys Office Building for $5.4M\" \/>\n<meta property=\"og:description\" content=\"Heritage Medical Development Group LLC is expanding its portfolio with the acquisition of a health-centered office building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/heritage-medical-buys-office-building-for-5-4m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-20T09:50:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-09T07:04:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Green-Hills-medical-office-building.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heritage-medical-buys-office-building-for-5-4m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heritage-medical-buys-office-building-for-5-4m\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"Heritage Medical Buys Office Building for $5.4M\",\"datePublished\":\"2015-08-20T09:50:33+00:00\",\"dateModified\":\"2022-08-09T07:04:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heritage-medical-buys-office-building-for-5-4m\\\/\"},\"wordCount\":213,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/heritage-medical-buys-office-building-for-5-4m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Green-Hills-medical-office-building.jpg\",\"keywords\":[\"Nashnville-Knoxville\"],\"articleSection\":[\"Nashville - 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