JLL has completed the sale of a fully leased, four-property medical building portfolio in the Greater Kansas City area.
JLL worked on behalf of several different physician groups, Orthopedic Health of Kansas City, Kansas City Urology Care PA and Sunflower Medical Group, to complete the off-market sale to Montecito Medical. JLL’s Capital Markets’ Medical Properties group, representing the seller, was led by Senior Managing Directors Evan Kovac, Andrew Milne and John Chun, Managing Director Tim Joyce and Senior Director Matt DiCesare. Executive Vice President Jim Gates in JLL’s Kansas City office provided local market expertise.
Totaling 86,135 square feet, the portfolio is fully leased to three Kansas City regional medical practices. “We’re pleased to add this exceptional portfolio to our growing national portfolio of healthcare real estate,” said Chip Conk, CEO of Montecito Medical. “The quality of these physician groups, the strength of their long-term commitment to the market and the mission-critical nature of these facilities make this an outstanding fit for Montecito.”
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