Med Office Daily - September 21, 2026 - EvergreenHealth buys Kirkland MOB for $69.9M.

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NEWS ROUNDUP

ACQUISITION: EvergreenHealth acquires Kirkland MOB for $69.9M. The hospital system purchased the five-story, 99,700 SF EvergreenHealth Plaza at 11800 NE 128th St. in Kirkland, Washington, along with its seven-story parking structure. Built in 2005, the property was previously owned by Harrison Street Asset Management, which acquired it for $51.4M in 2016. EvergreenHealth CEO Ettore Palazzo has said the system plans to expand access to primary, urgent, and behavioral healthcare services.

ACQUISITION: Woodside Health acquires two medical office properties in Chesapeake, Virginia. The acquisition includes Hillcrest Medical Office Building at 229 Hillcrest Parkway and Volvo Medical Office at 1533 Volvo Parkway, totaling 25,000 SF. Built in 2021 and 2011, respectively, the properties are anchored by Dental Care Alliance and serve the growing Virginia Beach MSA. Ben Barr, Principal at Woodside Health, commented on the transaction.

ACQUISITION: Montecito Medical acquires Cardiovascular Specialty Care Center in Covington, Louisiana, for $8.811M. The 10,690 SF medical office building was completed in 2025 and is fully occupied under a long-term triple-net lease. The facility is staffed by eight physicians affiliated with US Heart & Vascular and will continue operating as a cardiovascular surgery center. Seth Haron, Ashish Vakhariya and Darin Gross of Marcus & Millichap, in association with Steve Greer, represented the seller and procured the buyer.

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