Med Office Daily - April 13, 2026 - Harrison Street sells San Jose MOB to Santa Clara County for $340M

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NEWS ROUNDUP

ACQUISITION: Harrison Street Asset Management sold a 230,506 SF, 10-story MOB in San Jose, California, to the County of Santa Clara for $340M. The build-to-suit facility serves as a Valley Health Center for Santa Clara Valley Healthcare and includes services such as primary care, pediatrics, urgent care, imaging, behavioral health, and lab services, along with a 600-space parking structure. Ben Mohns of Harrison Street Asset Management and Jake Rohe of PMB were involved in the transaction.

EXPANSION: Elliott Bay Capital Trust acquires a 22,900 SF outpatient orthopedic MOB in Harrisburg, Pennsylvania, fully leased to UPMC. The facility, built in 2015, is 100% occupied and provides orthopedic services including sports medicine, imaging, physical therapy, and specialty surgical care. The property is located adjacent to UPMC Community General Hospital. Christian Whipple was involved in the transaction.

ACQUISITION: Archer Property Partners acquires a three-building medical office portfolio in Orange County in an off-market transaction. The portfolio includes properties in Rancho Santa Margarita, Mission Viejo, and Costa Mesa and is anchored by MemorialCare. Andy Knott and Austin Kanzler of CBRE represented the seller, a partnership between a private investment group and MemorialCare. Archer completed the acquisition without broker representation. R.J. Sommerdyke was involved in the transaction.

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MED OFFICE PROPERTIES FOR SALE

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15,648 SF Building | 7.50% Cap Rate | 100.0% Occupancy

9,600 SF Building | 10 Dental Operatories

MED OFFICE PROPERTIES FOR LEASE

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725 - 3,725 SF Suites | 12,256 SF Building | 4/1,000 Parking Ratio | Access to Highway 17/880 & 85, Norman Y Mineta San Jose International Airport

ONE MORE THING

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