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While construction has technically been underway since 2020 to convert the former Sears building in Marketplace Mall to an ambulatory surgery center, this marks the start of the project's four-story outpatient clinical tower.
New majority shareholders Concord Pacific and HB Management will continue to drive platform's growth in U.S. multifamily investments, and add significant value through their combined expertise.
The buyer of Glen Bell Way was familiar with the Irvine Spectrum in Orange County, CA, and realized the building offered a rare and unique opportunity to acquire a Class A asset with strong credit tenancy.