HFF announces $14M sale of medical office building in Overland Park, Kansas
CHICAGO, IL – January 8, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $14 million sale of 5525 W 119th Street, a 38,496-square-foot medical office building on the campus of HCA Menorah Medical Center in the Kansas City suburb of Overland Park, Kansas.
The HFF team represented the seller, and procured the buyer, CNL Healthcare Properties II, a non-traded real estate investment trust (REIT) sponsored by CNL Financial Group.
Completed in 2007, the two-story property is fully leased to five tenants and is anchored by an ambulatory surgical center operated by HCA and a leading physician group. The medical office building is situated on the campus of the 154-bed HCA Midwest Menorah Medical Center adjacent to Sprint Corporation’s Global Headquarters, Town Center Plaza & Crossing and Hawthorne Plaza.
The HFF investment advisory team representing the seller comprises members of HFF’s national medical office building team, including managing director Evan Kovac, senior director Ben Appel, director Anthony Frogameni, director Andrew Milne and associate Matt DiCesare as well as managing director Sean Fogarty, a licensed Kansas real estate broker.
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.