WASHINGTON, DC-Harrison Street Real Estate Capital has been awarded the property management assignment for the 1.5-milion square foot medical office building portfolio it acquired from Washington Real Estate Investors Trust to Cushman & Wakefield. C&W’s Jeff Piehl and Mark Johnson will offer healthcare real estate expertise in the valuation and property management areas, respectively. Deborah Santano, Dick Fetter and Don Bauman will coordinate local property management services.
The assignment includes leasing advisory services for half the portfolio, with the other half awarded to a second group, Gittleson Zuppas Commercial Realty.
The portfolio includes 22 buildings in Northern Virginia, Washington D.C., Southern Maryland and Baltimore, representing almost 20% of the entire stock of institutional-grade medical office properties in the area.
“This is a fantastic opportunity with Harrison Street,” said Brian Dawson, C&W’s D.C. market leader, in a prepared statement. “We are excited to represent this portfolio and look forward to bringing value to Harrison Street and quality healthcare facility services to their healthcare tenants and the patients they serve.”