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Physician Group Buys 100,000-SF Medical Office

There were some challenges to the deal starting with a landlord reluctant to sell.

15005 Shady Grove Rd.

ROCKVILLE, MD–CDC Realty, LLC, a group of physicians and other investors closed on 100,000-square feet of medical office space in Montgomery County’s Life Sciences Corridor in a deal that presented some challenges.

One of the largest private gastroenterology practices in the country, Capital Digestive Care wanted to integrate several separate medical offices. “Entering the real estate market was an important strategic objective for our group,” said Dr. Michael Weinstein, CEO of Capital Digestive Care, in a prepared statement. “This acquisition favorably positions providers of medical services in a high-traffic corridor with a large medical presence.”

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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