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Med Office Daily - October 14, 2026 - Crown MedRealty acquires six-building Michigan ENT portfolio.

Med Office Daily - October 14, 2026 - Crown MedRealty acquires six-building Michigan ENT portfolio.

Tareen Development sells Eagan Medical Center for $12.75M. Meridian acquires Pasadena MOB for $13.35M. Three new MOB deals.

Matt H & Maham Riaz
October 14, 2026

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NEWS ROUNDUP

Crown MedRealty Partners and its institutional equity partner acquire six-building medical office portfolio occupied by Michigan ENT & Allergy Associates across Western Michigan.

ACQUISITION: Crown MedRealty Partners and its institutional equity partner acquire six-building medical office portfolio occupied by Michigan ENT & Allergy Associates across Western Michigan. The 35,585 SF portfolio includes MOBs in Holland, Grand Haven, Caledonia, Grand Rapids, Grandville and Allegan, all 100% occupied by MIENT under long-term NNN leases extended in connection with the acquisition. MIENT is partnered with Parallel ENT & Allergy. Brian Beggs, Chief Investment Officer and Co-Managing Partner, and Steve Bessenbacher, Chief Operating Officer and Co-Managing Partner of Crown, commented on the acquisition.

DISPOSITION: Tareen Development Partners completes $12.75M sale of Eagan Medical Center in Eagan, Minnesota. The approximately 44,000 SF multi-tenant MOB at 1185 Town Centre Drive was acquired by an affiliate of Hammes Partners. TDP purchased the property for $7.8M in December 2024 and repositioned it with common-area improvements and expanded leasing activity. The property is home to Tareen Dermatology, Minnesota Urology, MNGI Digestive Health, Brecke Counseling, Spartz Vein Clinic, and Minnesota Center for Obesity, Metabolism and Endocrinology. Colliers represented TDP, while Basir Tareen, Founder and CEO of Tareen Development Partners, commented on the transaction.

Meridian acquires 55 E. California Boulevard in Pasadena, California, for approximately $13.35M and secures a 10-year Huntington Health lease.

ACQUISITION: Meridian acquires 55 E. California Boulevard in Pasadena, California, for approximately $13.35M and secures a 10-year Huntington Health lease. The 32,052 SF MOB is adjacent to Huntington Hospital, with The Huntington Medical Foundation leasing approximately 10,619 SF on the second floor. Meridian plans capital improvements including lobby renovations, façade enhancements, ADA upgrades, building systems modernization, and new signage. CBRE’s Angie Weber represented Meridian in the lease, while Jackie Benavidez and Damon Feldmeth represented Huntington Medical Foundation; Mark Shaffer and Cody Chiarella represented Meridian in the sale. John Pollock is CEO of Meridian.