For-sale medical office buildings are supposed to be in shortsupply, yet the head of a national real estate firm that brokerssuch facilities is seeing plenty of opportunities.

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Mindy Berman, a managing director and practicelead for healthcare in the JLL CapitalMarkets Group reports that the company currently has three MOBdeals currently on the market and, potentially, more in thepipeline.

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On one of the deals, JLL recentlyclosed offers and the seller, an orthopedics group inArlington, TX, has chosen a buyer for atwo-building portfolio that it put on the market earlier this year.The deal for the 49,660 square foot portfolio is expected to closein coming weeks, with a currently unnamed buyer paying what amountsto be a “strong price” for the two buildings, which are 100percent-occupied and located in Arlington and Mansfield,TX. The area is between Fort Worth and Dallas.

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Representing the seller, the21-physician Arlington Orthopedic Associates, fromJLL are, Daniel Turley, a VP in the Boston office,and Steven Leathers, a senior VP.

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Another offering by JLL is theMt. Vernon Medical Building in Mt. Vernon, WA, onthe campus of the 137-bed, publicly owned Skagit ValleyHospital, about 60 miles north of Seattle. The newbuilding has 52,900 square feet of space and is leased to twotenants: the hospital, which has its cancer and cardiology centersin 62 percent of the building; and the VeteransAdministration (VA) Puget Sound Health CareSystem, which leases the remainder of thespace.

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The building was put on the marketby a private owner, with offers due in coming weeks.

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The last offering is a portfolioof six clinics in eastern Wisconsin that are leased byMilwaukee-based Aurora Health Care, a 15-hospitalsystem in Wisconsin and northern Illinois. The portfolio has atotal of 153,000 square feet in six off-campus facilities that wereall constructed in the mid-2000s. The buildings offer primary andspecialty care services, urgent care, labs, and otherservices.

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While Berman was not ready to namethe seller, she noted that it is the original owner of theproperties, not a developer.

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And what is the reason for the newofferings hitting the market? Strong demand, which is driving uppricing and enticing owners to sell, Berman said.

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“Many owners were not consideringselling until pricing got so strong,” she said.

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Ms. Berman noted that JLL hasseveral other offerings coming to market, which include portfolios,in coming weeks and months. She declined to discuss the detailsabout the offerings.

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John B. Mugford is the Editorof Healthcare Real Estate Insights™, the nation's first and onlypublication totally dedicated to covering news and trends inhealthcare real estate development, financing and investment. Formore information, please visit www.HREInsights.com.

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