Hammond Hanlon Camp LLC Advises on the Sale of 3-Building Massachusetts Medical Office Portfolio
posted on Aug. 21, 2019
SAN DIEGO — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor to a privately owned healthcare real estate investment company on the sale of a three-building medical office portfolio located in Springfield, Mass. (the “Pioneer Portfolio”).
The Pioneer Portfolio consisted of three outpatient facilities that were 95 percent leased overall and anchored by Pioneer Spine and Sports Physicians, the largest sports medicine physician group practice in the Western New England region. The price totaled $12.15 million, or $332 per square foot.
H2C conducted a thorough marketing process for the portfolio that resulted in numerous offers and maximized the value of the assets through multiple bidding rounds. The transaction successfully closed 125 days following the formal marketing commencement, demonstrating a highly efficient marketing and transaction process.
“We were pleased to help our client realize the significant value it created in this portfolio. The market responded favorably to the portfolio’s income stability and strategic value to its tenants in a high barrier-to-entry market,” said John Nero, Director, H2C. Email John.
An H2C team headed by John Nero and Matthew Tarpley, Vice President, led the transaction.
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ABOUT HAMMOND HANLON CAMP LLC
Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations and related companies throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers and acquisitions, capital markets, real estate, and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value. Hammond Hanlon Camp LLC offers securities through its wholly-owned subsidiary H2C Securities Inc., member FINRA/SIPC. For more information, visit h2c.com.
Kelly T. Duong
Hammond Hanlon Camp LLC
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