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Med Office Daily - February 18, 2026 - County of Riverside acquires two MOBs for $53M

Med Office Daily - February 18, 2026 - County of Riverside acquires two MOBs for $53M

CBRE sells two trophy surgery centers in Texas and Utah. Gantry secures $21.2M financing for Idaho MOBs. CBRE sells two surgery centers in Texas and Utah. Six new MOB deals.

Matt H & Maham Riaz
February 18, 2026

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NEWS ROUNDUP

ACQUISITION: The County of Riverside acquires two MOBs for $53M. The properties, totaling 85,204 SF, include 8876 Mission Blvd. in Jurupa Valley, which sold for $25 million, and 2813 S. Main St. in Corona, which sold for $28 million. Cushman & Wakefield arranged the transaction, with Travis Ives, Gino Lollio and Tyler Morss of the firm’s Healthcare Capital Markets team representing the seller. Both buildings are 100% leased to the County of Riverside d/b/a Riverside University Health System, which acquired the assets for long-term occupancy.

ACQUISITION: CBRE facilitates the sale of two trophy surgery centers in Texas and Utah. CBRE has facilitated the sale of the HCA Surgery Center Portfolio, a two-asset ambulatory surgery center and medical outpatient portfolio totaling 65,054 SF in Katy, Texas, and Orem, Utah. Montecito Medical Real Estate acquired the portfolio from NexCore Group. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets, along with Brandy Spinks of CBRE Houston Leasing and Marty Plunkett of CBRE Salt Lake City Leasing, served as exclusive advisors to the seller. NexCore Group will continue to manage the properties on behalf of the buyer.

LEASE SIGNING: InterMed expands and extends lease at 84 Marginal Way in Portland, Maine. Davis announced the expansion and long-term lease extension of InterMed at 84 Marginal Way, a Class A outpatient medical building in Portland, Maine. The new 16-year lease secures 102,557 SF across 10 stories. Davis, led by EVP Stewart Davis, acquired the building in 2021 and executed a strategy to convert office space to medical use. As part of the transaction, InterMed is expanding into approximately 34,000 SF of newly available space, bringing occupancy to 100 percent and establishing the building as its flagship Maine location. InterMed was represented by Katie Breggia and Tom Moulton of The Dunham Group.

DEVELOPMENT: HealthPark III planned for Lakewood Ranch, Florida. Optimal Outcomes is planning HealthPark III, a 20,000 SF medical office park in the heart of Lakewood Ranch, Florida. The project is strategically located between 32-acre medical campus and the 84-acre Erickson Senior Living community currently under development, with walkable access to The Green at Lakewood Ranch, ALDI and Outback Steakhouse. The development marks Optimal Outcomes’ third project in Lakewood Ranch, following the delivery of HealthPark I in 2020 and the planned groundbreaking of HealthPark II in early 2026.

FINANCING: Gantry secures $21.2M in permanent financing for Idaho MOBs. The financing includes a $9.7 million loan for a 38,000 SF facility at 423 N. Third Ave. in Sandpoint and an $11.5 million loan for a 60,000 SF property at 1919 Lincoln Way in Coeur d’Alene. Both assets are occupied by outpatient and family medicine groups affiliated with regional hospital systems. Gantry Principal Demetri Koston and Director Abi Hunter, along with the firm’s Inland Northwest production team, represented a private real estate investor in securing the loans. The five-year, fixed-rate loans were provided by a single pension fund lender and feature 30-year amortization with prepayment flexibility.