{"id":1004365235,"date":"2019-11-01T11:50:18","date_gmt":"2019-11-01T19:50:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004365235"},"modified":"2025-02-27T21:54:12","modified_gmt":"2025-02-28T05:54:12","slug":"jll-assists-halsen-healthcare-in-california-hospital-transactions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/","title":{"rendered":"JLL Assists Halsen Healthcare in California Hospital Transactions"},"content":{"rendered":"
\"\"<\/a>

Watsonville Community Hospital. Image via Google Street View<\/em><\/p><\/div>\n

JLL\u2019s Bryan Lewitt, Chris Isola, Kellie Hill and Justin Hill have represented Halsen Healthcare in a series of transactions involving Watsonville Community Hospital Campus in Watsonville, Calif.<\/p>\n

In early October, the healthcare company purchased the hospital property from Quorum Health Corp. then sold it for $55 million to Medical Properties Trust Inc. in a sale-leaseback transaction. The deal closed a few months after MPT invested $1.6 billion<\/a> in a hospital portfolio which included assets in California, Connecticut and Pennsylvania.<\/p>\n

The deal structure allowed Halsen to become the hospital\u2019s operator and also save enough capital to implement its business plan. According to Pajaronian.com<\/em>, Halsen purchased Watsonville Community Hospital for $30 million.<\/p>\n

Watsonville Community Hospital is located on 27 acres at 75 Nielson St. and has been serving the tri-county area since 1895. The two medical office buildings that comprise the campus provide a total of 323,650 square feet as well as 106 beds. The hospital employs more than 200 doctors and 620 staff. The property can be accessed via Cabrillo Highway, being approximately 1 mile from Watsonville Municipal Airport.   <\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to deals@cpe-mhn.com<\/strong><\/a>.<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"

The healthcare company acquired, then subsequently sold and leased back Watsonville Community Hospital campus.<\/p>\n","protected":false},"author":30,"featured_media":1004365247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21783,21754,21742,15],"tags":[32796,47672],"class_list":["post-1004365235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-investment","category-medical-office","category-latest","category-west","tag-jll","tag-medical-properties-trust-inc"],"acf":[],"yoast_head":"\nJLL Assists Halsen Healthcare in California Hospital Transactions - 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\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Assists Halsen Healthcare in California Hospital Transactions\" \/>\n<meta property=\"og:description\" content=\"The healthcare company acquired, then subsequently sold and leased back Watsonville Community Hospital campus.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/\" \/>\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=\"2019-11-01T19:50:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:54:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Watsonville-Community-Hospital.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/\",\"name\":\"JLL Assists Halsen Healthcare in California Hospital Transactions - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Watsonville-Community-Hospital.png\",\"datePublished\":\"2019-11-01T19:50:18+00:00\",\"dateModified\":\"2025-02-28T05:54:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b9dffbe4e6d3437c6ee209677f7462f2\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jll-assists-halsen-healthcare-in-california-hospital-transactions\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Watsonville-Community-Hospital.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Watsonville-Community-Hospital.png\",\"width\":800,\"height\":620,\"caption\":\"Watsonville Community Hospital. 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