RECENT TRANSACTIONS

RECENTLY CLOSED TRANSACTIONS

 

April 2019

Purchased: 680 Oyster Point Road, Newport News, Virginia 

Brand new 26,667 square foot, single tenant medical office building lease to Children’s Hospital of the King’s Daughter, containing urgent care, sports medicine, physical therapy, primary care, laboratory and x-ray services.

Tenant:  Children’s Hospital of the King’s Daughter (Moody’s A2)

 

November 2018

Purchased: Piedmont Orthopedic Portfolio, Greenville, South Carolina 

One 18,690 square foot medical office building in close proximity to Bon Secours Health Systems Eastside Campus, and one 19,475 square foot medical office building in close proximity to Greenville Health Systems main campus

Tenant: Bon Secours Mercy Health (Moody’s A2)

June 2018

Purchased: 1094 Military Trail, Jupiter, Florida 

Brand new 31,030 square foot, single tenant, medical office building directly adjacent to Jupiter Medical Center’s (Moody’s Baa2) main campus.

Tenant:  Medical Group of South Florida

April 2017

Purchased: 2400 Boiling Springs Road, Boiling Springs, South Carolina 

Brand new 20,000 square foot medical center which houses Greenville Health System’s MD360 practice.  The property contains 24 exam rooms providing primary care, urgent care, physical therapy and an in-house pharmacy.

Tenant: Greenville Health System (Moody’s A1)

 

January 2017

Purchased: 4400 PGA Boulevard, Palm Beach Gardens, Florida 

A ten (10) story, class A, multi-tenant office building in North Palm Beach County, containing 80,839 square feet.

Tenants include Marsh & McClennan, Pulte Homes, and the US Army Corp of Engineers.

 

November 2016

Sold: Medical Office Building Portfolio, Syracuse, New York 

The Portfolio was sold to a publicly traded, medical office building Real Estate Investment Trust.  The Portfolio consisted of two medical office condominium buildings totaling approximately 293,192 square feet. The overall occupancy rate of the Portfolio was 95%, of which 41% was secured by long term, triple net leases to hospital and credit tenants. Summit retained the management of the Portfolio.

 

September 2016

Purchased: 32 Stoney Point Drive, Greenville, South Carolina 

Newly built 20,300 square foot senior care medical facility, housing Greenville Health System’s PACE program, and situated on 2.68 acres directly adjacent to Greenville Health System’s main campus.

Tenant: Greenville Health System (Moody’s A1)

 

July 2016

Purchased: Doctors Care Portfolio, South Carolina and Tennessee 

Eight (8) single tenant medical facilities ranging in size from 7,050 to 9,668 square feet, containing urgent care, primary care, physical therapy, occupational medicine and osteoarthritis clinics.

Tenant: Blue Cross Blue Shield of South Carolina (AM Best A+)

 

June 2015

Purchased: 9299 College Parkway, Ft Myers, Florida 

A 42,569 square foot medical office building on Florida’s west coast, leased to one of the largest health care systems in the State of Florida.

Tenant: Lee Memorial Hospital (Moody’s A2)

 

 

Learn more about the Properties We Manage

Learn more about our Commercial Real Estate Services

Property Management

Our in-house service capabilities for managing medical, retail, and office properties include rent collection, lease audit, and daily property operations oversight as well as accounting and reporting.

Commercial Brokerage

We offer an extensive platform of brokerage services supported by experienced professionals who can develop a comprehensive marketing plan supported by market research and extensive local knowledge.

Construction & Development

Superior service, consistent quality and on-time, on-budget execution are hallmarks of the project and construction management services provided by Summit. With detailed oversight from inception through completion, our services include build-to-suit, capital improvements, ground up, as well as material deferred maintenance corrections.

Capital Investment Services

We also specialize in the sourcing of debt and equity capital for local, regional, and national real estate owners, developers, and managers. Our team of professionals has expertise in all real estate asset classes, and in the full spectrum of capitalization and investment strategies.