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HFF closes sale of Adventist Health Lacey Medical Plaza in Hanford, California

05/21/2015

SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Adventist Health Lacey Medical Plaza, a 48,606-square-foot, single-tenant medical office building in Hanford, California.

HFF marketed the property on behalf of the seller, a private development company.  American Realty Capital Healthcare Trust II, Inc. purchased the asset.

Adventist Health Lacey Medical Plaza is located at 1524 West Lacey Boulevard at the intersection of Mall Drive in downtown Hanford, a suburb about 28 miles southeast of Fresno.  This location is directly across from the Hanford Mall, adjacent to the King’s County Civic Center and Community Courthouse, and close to the Adventist Medical Center.  Completed in 2002 as part of a build-to-suit for Adventist Health, the property is fully leased to Adventist Health Physician Network. 

The HFF investment sales team was led by managing director Evan Kovac.

About American Realty Capital Healthcare Trust II, Inc.
American Realty Capital Healthcare Trust II, Inc. is a publicly-registered, non-traded real estate investment trust, which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a California licensed real estate broker.  California license Number 01385740.

05/21/2015 - 17:15

Source

HFF

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