{"id":1004779772,"date":"2025-11-28T02:03:00","date_gmt":"2025-11-28T10:03:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004779772"},"modified":"2025-12-01T05:41:21","modified_gmt":"2025-12-01T13:41:21","slug":"aw-property-pays-171m-for-richmond-mob-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/aw-property-pays-171m-for-richmond-mob-portfolio\/","title":{"rendered":"AW Property Pays $171M for Richmond MOB Portfolio"},"content":{"rendered":"\n

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\"Aerial<\/a>
The largest property in the traded portfolio is the 142,015-square-foot St. Mary’s South Medical Office Building.
Image courtesy of CBRE<\/em><\/figcaption><\/figure><\/div>\n\n\n

AW Property Co. has acquired the Bon Secours Medical Campus Collection, a six-asset medical office building portfolio totaling\u202f 405,945 square feet in Richmond, Va. Healthcare Realty Trust Inc. sold the assets for a combined $171 million or $421.2 per square foot. CBRE represented the seller and also secured acquisition financing through Capital One\u202fCommercial Banking.\u00a0<\/p>\n\n\n\n

The deal marks AW Property\u2019s first medical office building acquisition of the year, according to Healthcare Real Estate Insights<\/em>. Bon Secours Mercy Health, which owns and manages 50 hospitals across seven U.S. states, anchors the collection.\u00a0\u00a0<\/p>\n\n\n\n

A closer look at the Bon Secours portfolio<\/h2>\n\n\n\n

Located across three separate hospitals, the six properties were 94 percent leased at the time of the deal. The largest asset in the portfolio is St. Mary’s South Medical Office Building, a 142,015-square-foot mid-rise at 5875 Bremo Road, some 7 miles northwest of downtown Richmond. The seven-story building came online in two phases, in 1992 and 2000, according to Yardi Matrix data. \u00a0<\/p>\n\n\n\n

The other five properties include:<\/p>\n\n\n\n