{"id":1004126211,"date":"2015-08-26T20:46:03","date_gmt":"2015-08-27T04:46:03","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358866"},"modified":"2022-12-07T03:32:08","modified_gmt":"2022-12-07T11:32:08","slug":"medical-office-portfolio-changes-hands-in-hot-frederick-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/medical-office-portfolio-changes-hands-in-hot-frederick-market\/","title":{"rendered":"Medical Office Portfolio Changes Hands in Hot Frederick Market"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

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

Patriot Professional Center<\/p>\n<\/div>\n

Avison Young<\/a>\u00a0brokered the sale of a two-building medical-office portfolio in Frederick.\u00a0CNL Healthcare Corp.<\/a> purchased the two properties from a local developer, Ausherman Development Corp.<\/a>, for $24.3 million. Principals Jim Kornick and Chip Ryan, both of Avison Young\u2019s Washington, D.C., office and specializing in healthcare-related real estate and medical office buildings, represented the seller in the transaction.\u00a0The announcement was made by Principal Josh Peyton, who was recently named managing director of Avison Young’s Washington, D.C., office.<\/p>\n

\u201cThe strength of the tenants and the attractive demographics of the Washington, D.C., suburb of Frederick made the assets attractive to all national core medical office investors,\u201d Kornick said in a statement. \u201cIn the current hot medical office market, we were able to exceed our client\u2019s expectations.\u201d<\/p>\n

The two Class A buildings are the Rose Hill Professional Center, at 194 Thomas Johnson Drive, and the Patriot Professional Center, at 45 Thomas Johnson Drive. Together, they offer a total of 82,348 square feet of space. The Rose Hill Professional Center was built in 2013 and is fully leased to Frederick Memorial Hospital. The Patriot Professional Center is a multi-tenant building anchored by Johns Hopkins Community Physicians and Frederick Surgery Center.<\/p>\n

Photo credit: <\/em>Ausherman Development Corp.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Avison Young has recently brokered the sale of a two-building, medical-office portfolio in Frederick.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004126211","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\nMedical Office Portfolio Changes Hands in Hot Frederick Market - 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\/medical-office-portfolio-changes-hands-in-hot-frederick-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medical Office Portfolio Changes Hands in Hot Frederick Market\" \/>\n<meta property=\"og:description\" content=\"Avison Young has recently brokered the sale of a two-building, medical-office portfolio in Frederick.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/medical-office-portfolio-changes-hands-in-hot-frederick-market\/\" \/>\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=\"2015-08-27T04:46:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T11:32:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Patriot-Professional-Center.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\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\\\/medical-office-portfolio-changes-hands-in-hot-frederick-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-office-portfolio-changes-hands-in-hot-frederick-market\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Medical Office Portfolio Changes Hands in Hot Frederick Market\",\"datePublished\":\"2015-08-27T04:46:03+00:00\",\"dateModified\":\"2022-12-07T11:32:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-office-portfolio-changes-hands-in-hot-frederick-market\\\/\"},\"wordCount\":220,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-office-portfolio-changes-hands-in-hot-frederick-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Patriot-Professional-Center.jpg\",\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-office-portfolio-changes-hands-in-hot-frederick-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-office-portfolio-changes-hands-in-hot-frederick-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/medical-office-portfolio-changes-hands-in-hot-frederick-market\\\/\",\"name\":\"Medical Office Portfolio Changes Hands in Hot Frederick Market - 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