HSA PrimeCare Completes Acquisition of 42,000 SF Elizabeth Park South Medical Center in Lincoln, Neb.

LincolnNE_BuildingPhoto

John Wilson, president of HSA PrimeCare, the national health care real estate division of Chicago-based HSA Commercial Real Estate, announced today the firm has acquired Elizabeth Park South Medical Center, a 42,040-square-foot medical office building located at 4501 South 70th St. in Lincoln, Neb. This recent acquisition is the first in the state of Nebraska for HSA PrimeCare, whose growing portfolio of managed healthcare properties now totals over 1 million square feet.

The fully leased Elizabeth Park South Medical Center is occupied by The Physician Network’s East Lincoln Internal Medicine practice, Lincoln Pediatric Group and Lincoln Behavioral Group—all of which are original tenants from the facility’s opening in 1996. The Physician Network, the building’s largest tenant, is a wholly owned subsidiary of Catholic Health Initiatives, the nation’s second-largest nonprofit health system.

Situated within a densely populated neighborhood of Lincoln, the Medical Center is directly across the street from a Hy-Vee grocery store in a convenient off-campus location, just 3 miles south of the 260-bed St. Elizabeth Regional Medical Center.

“The stability of the tenancy at this medical office building, which has been unchanged for 20 years, truly speaks to the quality of the facility, its location within the community and the physician practices,” said Jon Boley, senior vice president of acquisitions and development with HSA PrimeCare. “Our team is looking forward to providing professional and reliable management services to the patients and practices of Elizabeth Park South Medical Center to ensure their comfort and convenience over the building’s next 20 years.”

The seller of the property, MJM-MED, LLC, was represented by Dana Hamric and Jonathan Kesler of Newmark Grubb Knight Frank’s Atlanta office.

HSA PrimeCare Healthcare Real Estate Advisors Featured at Two Upcoming Events

In the upcoming months, there are two opportunities to hear HSA PrimeCare healthcare real estate professionals share their expertise on current Midwest market trends.

Jon  E. Boley, SVP

Jon E. Boley, SVP

CAPRATE Events has announced HSA PrimeCare Senior Vice President of Acquisitions, Jon Boley, as a featured panelist at the Second Annual Chicago & Midwest Healthcare Real Estate Summit. This Thursday, Boley will speak alongside McGuire Woods Partner, Scott Becker; Waller Partner, Jeffrey Calk; Cushman & Wakefield Managing Principal, Mark Johnson; and Navigant Director, Michael O’Keefe in discussing the evolution of the healthcare real estate lease. Attendees of the full-day conference will enjoy breakfast, lunch, and multiple networking breaks throughout the day, in addition to informational panels featuring healthcare real estate experts.

In his role at HSA PrimeCare, Jon Boley is responsible for sourcing, underwriting and closing medical facility developments and acquisitions, as well as providing market and financial analysis, risk analysis, asset evaluations and related economic modeling for PrimeCare‘s healthcare real estate portfolio as well as prospective medical office transactions.

John Wilson, President

John Wilson, President

Next month, HSA PrimeCare President, John Wilson, will speak at Bisnow’s 4th annual healthcare real estate event, “How Attractive is that Investment?” Other panelists include Ventas EVP, John Cobb; Northwestern Memorial Healthcare VP, Gina Weldy; Cushman & Wakefield Senior Director, Loren Guzik; and others. The panelists will begin the discussion at 8:00am, following a networking breakfast and end at 10:00am, after a “post-game schmooze.”

In 1995, John Wilson created a healthcare real estate advisory initiative, which has grown into HSA PrimeCare. John oversees the growth of this group, which has served clients such as Advocate / Good Samaritan Hospital, Christ Medical Center, Lutheran General Hospital, University of Chicago Hospitals, Silver Cross Hospital, Children’s Memorial Hospital, Franciscan Alliance, Ingalls Health System, and Loyola Medical Center, to name a few. HSA PrimeCare has quickly grown its portfolio of developed and purchased properties to over 20+ healthcare facilities, and now manages medical properties totaling over one million square feet across the Midwest.

According to Bisnow, the event will include, “plenty of schmooze time and discussion topics ranging from the future of hospital and health system financial survival, the creation of private-public partnerships, and the impact of Obamacare on the greater Chicagoland area.”

CAPRATE Events’ Healthcare Real Estate Summit Information:
Thursday, June 18, 2015
7:30am – 3:35pm
American Dental Association Conference Center
211 E. Chicago Ave.
Chicago, IL 60611
Register Now

Bisnow’s “How Attractive is that Investment?” Event Information:
Tuesday, July 28, 2015
7:00am-10:00am
Venue TBD
$65 Early Bird Rate
Register Now

HSA PrimeCare Advisors Help Answer Your Healthcare Real Estate Questions in New Video Series

HSA PrimeCare has just released the first episode in its new informational series, Ask an Advisor! Watch interviews with HSA PrimeCare team members, in which they discuss topics related to healthcare real estate brokerage, acquisition, and development. The question featured in our first episode asks, “What recent changes have you seen in the real estate needs of healthcare systems?”

Viewers are encouraged to post their healthcare real estate questions in the comment section on YouTube, so please feel free to Ask an Advisor!