{"id":1004698190,"date":"2024-01-18T06:44:01","date_gmt":"2024-01-18T14:44:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004698190"},"modified":"2024-01-18T06:44:04","modified_gmt":"2024-01-18T14:44:04","slug":"hammes-partners-buys-twin-cities-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/","title":{"rendered":"Hammes Partners Buys Twin Cities MOB"},"content":{"rendered":"
\n
\"Hudson\n\t\t\t\n\t\t\t\t\n\t\t\t<\/svg>\n\t\t<\/button>
Services at Hudson Medical Center include primary care, orthopedics, ophthalmology and oncology.
Image courtesy of Brandon Stengel<\/em><\/figcaption><\/figure><\/div>\n\n\n

Hammes Partners<\/strong> has acquired Hudson Medical Center, a 160,000-square-foot medical office building<\/a> in Hudson, Wis., within the Twin Cities market. Hudson Medical LLC<\/strong> sold the property with help from Transwestern Real Estate Services<\/strong>.<\/p>\n\n\n\n

The developer took out a $42.8 million construction loan in 2022 from U.S. Bank<\/strong>, according to CommercialEdge information. The property came online a year later.<\/p>\n\n\n\n

The facility features an ambulatory surgery center and orthopedic field house. Tenants at the three-story building include Minnesota Oncology, Twin Cities Orthopedics, Valley Surgery Center and Associated Eye Care.<\/p>\n\n\n\n

The Class A property at 2651 Hillcrest Drive is close to several dining and retail options, including a Target. Downtown St. Paul is within 20 miles, downtown Minneapolis is some 29 miles west, while Minneapolis\u2013Saint Paul International Airport is 27 miles away.<\/p>\n\n\n\n

In March last year, Hammes acquired a six-building medical office portfolio<\/a> in Chicago from Twin Building Management. The properties totaled more than 120,000 square feet.<\/p>\n\n\n\n

Recent deals in the Twin Cities market<\/h2>\n\n\n\n

Transwestern\u2019s team that represented the seller included Vice President Frank Richie, Managing Principal Mike Salmen, together with Senior Associate Erik Coglianese and National Managing Director John Huff.<\/p>\n\n\n\n

Last fall, Montecito Medical purchased Minnesota Women\u2019s Care, a 32,711-square-foot medical facility<\/a> in Woodbury, Minn. The deal was backed by a $141 million portfolio loan from Capital One.<\/p>\n\n\n\n

According to a Transwestern report<\/a>, Minneapolis\u2019 medical office vacancy rate clocked in at 6.6 percent in the second quarter of last year, well below the 8.1 percent national average. Additionally, the metro ranked in the top 10 markets nationally in terms of net absorption during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 160,000-square-foot building came online last year.<\/p>\n","protected":false},"author":3355,"featured_media":1004698192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21754,13,36076,21742],"tags":[51730,50857,33231],"class_list":["post-1004698190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-medical-office","category-midwest","category-minneapolis-st-paul","category-latest","tag-hammes-partners","tag-transwestern-real-estate-services","tag-u-s-bank"],"acf":[],"yoast_head":"\nHammes Partners Buys Twin Cities MOB - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hammes Partners has acquired Hudson Medical Center, a 160,000-square-foot medical office building in Hudson, Wis.\" \/>\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\/hammes-partners-buys-twin-cities-mob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hammes Partners Buys Twin Cities MOB\" \/>\n<meta property=\"og:description\" content=\"Hammes Partners has acquired Hudson Medical Center, a 160,000-square-foot medical office building in Hudson, Wis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/\" \/>\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=\"2024-01-18T14:44:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-18T14:44:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/hammes-partners-buys-twin-cities-mob\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/\",\"name\":\"Hammes Partners Buys Twin Cities MOB - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg\",\"datePublished\":\"2024-01-18T14:44:01+00:00\",\"dateModified\":\"2024-01-18T14:44:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Hammes Partners has acquired Hudson Medical Center, a 160,000-square-foot medical office building in Hudson, Wis.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg\",\"width\":1000,\"height\":800,\"caption\":\"Services at Hudson Medical Center include primary care, orthopedics, ophthalmology and oncology. Image courtesy of Brandon Stengel\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hammes Partners Buys Twin Cities MOB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\",\"name\":\"Vicentiu Fusea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g\",\"caption\":\"Vicentiu Fusea\"},\"description\":\"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hammes Partners Buys Twin Cities MOB - Commercial Property Executive","description":"Hammes Partners has acquired Hudson Medical Center, a 160,000-square-foot medical office building in Hudson, Wis.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/","og_locale":"en_US","og_type":"article","og_title":"Hammes Partners Buys Twin Cities MOB","og_description":"Hammes Partners has acquired Hudson Medical Center, a 160,000-square-foot medical office building in Hudson, Wis.","og_url":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-01-18T14:44:01+00:00","article_modified_time":"2024-01-18T14:44:04+00:00","og_image":[{"width":1000,"height":800,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg","type":"image\/jpeg"}],"author":"Vicentiu Fusea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/","url":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/","name":"Hammes Partners Buys Twin Cities MOB - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg","datePublished":"2024-01-18T14:44:01+00:00","dateModified":"2024-01-18T14:44:04+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412"},"description":"Hammes Partners has acquired Hudson Medical Center, a 160,000-square-foot medical office building in Hudson, Wis.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg","width":1000,"height":800,"caption":"Services at Hudson Medical Center include primary care, orthopedics, ophthalmology and oncology. Image courtesy of Brandon Stengel"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hammes-partners-buys-twin-cities-mob\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hammes Partners Buys Twin Cities MOB"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412","name":"Vicentiu Fusea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ccbed048a87c0b87e81af2c30e2684f6fa8c0d2e617f452b15c76e47efd445f8?s=96&d=mm&r=g","caption":"Vicentiu Fusea"},"description":"Vicentiu Fusea is an associate editor with Commercial Property Executive and Multi-Housing News. He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. You can reach out to him at vicentiu.fusea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/vicentiu-fusea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Hudson-Medical-Center.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004698190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3355"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004698190"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004698190\/revisions"}],"predecessor-version":[{"id":1004698315,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004698190\/revisions\/1004698315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004698192"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004698190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004698190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004698190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}