{"id":1004563403,"date":"2022-01-11T04:06:49","date_gmt":"2022-01-11T12:06:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004563403"},"modified":"2022-12-08T21:48:01","modified_gmt":"2022-12-09T05:48:01","slug":"harrison-street-buys-mob-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/","title":{"rendered":"Harrison Street Acquires MOB Portfolio"},"content":{"rendered":"<div id=\"attachment_1004563406\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004563406\" data-attachment-id=\"1004563406\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/surgery-partners-valley-ambulatory-surgery-center-image-courtesy-of-ryan-cos\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg\" data-orig-size=\"1224,918\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Surgery Partners Valley Ambulatory Surgery Center. Image courtesy of Ryan Cos.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Surgery Partners Valley Ambulatory Surgery Center. Image courtesy of Ryan Cos.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg?w=1024\" class=\"wp-image-1004563406 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg 1224w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004563406\" class=\"wp-caption-text\">Surgery Partners Valley Ambulatory Surgery Center. Image courtesy of Ryan Cos.<\/p><\/div>\n<p><strong>Ryan Cos.<\/strong> has completed the disposition of an 11-building medical office portfolio encompassing 500,778 square feet throughout Florida, Illinois, Minnesota, North Carolina, North Dakota and Wisconsin. <strong>Harrison Street Real Estate Capital <\/strong>acquired the portfolio, while Ryan Cos.\u2019 healthcare real estate management arm will continue to offer operations services. <strong>Newmark\u2019s <\/strong>Healthcare Capital Markets Group represented the seller.<\/p>\n<p>The portfolio includes the 24,000-square-foot Surgery Partners Valley Ambulatory Surgery Center in Saint Charles, Ill., along with a multi-use integrated service center, among others. Completed in 2019, the Saint Charles asset at 2475 Dean St. traded for $13.9 million, according to Kane County records.<\/p>\n<p>The portfolio sale succeeded another medical office transaction between Ryan Cos. and Harrison Street. Last week, the latter acquired three medical facilities across suburban Milwaukee from Ryan Cos. for a total of $92.6 million, according to the <em>Milwaukee Business Journal<\/em>. The trio of assets is currently leased to The Froedtert &amp; the Medical College of Wisconsin and Children\u2019s Hospital of Wisconsin.<\/p>\n<h2>A cross-sector developer<\/h2>\n<p>Over the past five years, Ryan Cos. has completed more than 3.1 million square feet of medical facilities nationwide, but the developer is also active across other sectors. Last July, the company teamed up with DWS Group to develop <a href=\"https:\/\/www.commercialsearch.com\/news\/ryan-cos-jv-to-build-phoenix-industrial-park\/\">Confluence at Mesa Gateway<\/a>, a speculative industrial project totaling more than 515,000 square feet in Mesa, Ariz. The six-building industrial park is slated for a mid-2022 completion.<\/p>\n<p>Ryan Cos. is also on track to break ground on a <a href=\"https:\/\/www.commercialsearch.com\/news\/new-office-tower-to-rise-at-3b-dallas-development\/\">400,000-square-foot Class AA office tower<\/a> in Plano, Texas. The 24-story building is already 50 percent preleased to Ryan LLC, a tax services, software and technology firm. The office tower is scheduled for completion in early 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newmark facilitated the 11-building sale.<\/p>\n","protected":false},"author":1763,"featured_media":1004563406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,21783,21754,21742],"tags":[36591,50999,47462],"class_list":["post-1004563403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-investment","category-medical-office","category-latest","tag-harrison-street-real-estate-capital","tag-newmark","tag-ryan-cos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Harrison Street Acquires MOB Portfolio - 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\/harrison-street-buys-mob-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harrison Street Acquires MOB Portfolio\" \/>\n<meta property=\"og:description\" content=\"Newmark facilitated the 11-building sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/\" \/>\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=\"2022-01-11T12:06:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:48:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1224\" \/>\n\t<meta property=\"og:image:height\" content=\"918\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\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\/harrison-street-buys-mob-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/\",\"name\":\"Harrison Street Acquires MOB Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg\",\"datePublished\":\"2022-01-11T12:06:49+00:00\",\"dateModified\":\"2022-12-09T05:48:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/harrison-street-buys-mob-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Surgery-Partners-Valley-Ambulatory-Surgery-Center.-Image-courtesy-of-Ryan-Cos.-e1641902132124.jpeg\",\"width\":1224,\"height\":918,\"caption\":\"Surgery Partners Valley Ambulatory Surgery Center. 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