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Medical Office Rents Climb High

SAN DIEGO, CA—CNL Healthcare buys two medical office properties in the supply-constrained San Diego Market, an apartment complex secures a $25 million cash-out refinance and Public Storage expands in Denver, in this week's wrap-up of deals.

By Kelsi Maree Borland | Updated on August 12, 2015

SAN DIEGO, CA—CNL Healthcare has purchased two medical office properties at Doctors Park in the Chula Vista submarket of San Diego, a supply-constrained medial office market with rising rents. CNL Healthcare purchased the 31,000-square-foot assets for $15 million. Both buildings are 100% leased. JLL managing directors Bob Prendergast, Lynn LaChapelle and Paul Braun represented the seller, along with JLL SVP Steve Leathers, VP Chris Ross and associate John Morrison. The buyer represented itself.

SALES

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