REIT Lands Battle Creek Medical Office Building
March 14, 2017 | by Laura Calugar | Commercial Property Executive
Battle Creek, Mich.—The co-sponsors of Griffin-American Healthcare REIT IV Inc., American Healthcare Investors and Griffin Capital Company LLC., recently announced the REIT’s purchase of Battle Creek Medical Office Building, a nearly 46,000-square-foot property in Battle Creek, Mich. Griffin-American Healthcare REIT IV financed the acquisition using cash on hand.
Located on a 7.3-acre parcel, at 3600 Capital Ave., the multi-tenant medical office building is currently approximately 97 percent leased and anchored by Ambulatory Surgery Associates LLC, a company that does business as Brookside Surgery Center. Battle Creek Medical Office Building is located within a medical office park adjacent to the newly completed 65,000-square-foot Borgess Health Park.
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.