Heitman Buys Salt Lake City MOB
Inland Real Estate Group sold the asset after eight years of ownership.
Mountain Point Medical Center, a medical office building in Lehi, Utah. Image courtesy of JLL Capital Markets
Heitman has purchased Mountain Point Medical Center, a 60,000-square-foot medical office building in Lehi, Utah. Inland Real Estate Group sold the property after eight years of ownership, according to CommercialEdge data. JLL Capital Markets procured the buyer and represented the seller.
Completed in 2015, the three-story building is connected to the 40-bed Holy Cross Hospital – Mountain Point. The medical facility was fully leased by Centura Health at the time of sale; orthopedics, general surgery, radiology, women’s health and ENT are among the services provided at the location.
The Class A asset is at 3000 N. Triumph Blvd., in an area with several dining options, retail centers and entertainment venues. The medical office building is right off Interstate 15, which provides direct access to downtown Salt Lake City.
JLL Senior Managing Director Mindy Berman, Director Matt DiCesare and Director Vasili Davos led the team arranging the transaction. Senior Director Phil Brierley and Director Cole Macadaeg provided local expertise.
In January, a partnership between Heitman and Woodside Health recapitalized a 423,000-square-foot medical office building portfolio. The $140 million transaction involved 10 properties in Texas, Arizona, Georgia and Florida.
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