Med Office Daily - September 2, 2026 - Cushman & Wakefield arranges $19.962M Scottsdale financing.

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NEWS ROUNDUP

FINANCING: Cushman & Wakefield arranges $19.962M in acquisition financing for Albany Road Real Estate Partners’ Edwards Professional Park I & II, a 91,469 SF medical office portfolio in Scottsdale, AZ. The two buildings are 91% leased to 47 healthcare tenants and sit near HonorHealth Scottsdale Shea Medical Center. Tyler Morss led the assignment for Albany Road, with Cushman & Wakefield’s Healthcare Capital Markets Team including Travis Ives, Gino Lollio, and Tyler Morss.

DEVELOPMENT: Capital Growth Medvest plans a two-story, 40,000 SF Class A MOB at 1208 SE 3rd Avenue in Ocala, Florida, adjacent to HCA Florida Ocala Hospital. The project will feature 20,000 SF per floor, flexible suites ranging from 2,500 to 40,000 SF, and 200 parking spaces, with delivery scheduled for fall 2028. Pre-leasing is available through Bosshardt Realty Services. The property will offer direct access to the hospital’s patient base and is positioned within a growing Ocala market with nearly 94,000 residents within five miles. 

ACQUISITION: Marcus & Millichap arranges $2.14M sale of East Paris Medical Center, a 10,011 SF, three-suite medical and professional office property in Grand Rapids, Michigan. The fully leased property is anchored by Trinity Health Michigan and located near Corewell Health Blodgett Hospital, Corewell Health Butterworth Hospital, and Trinity Health Grand Rapids Hospital. Seth Haron, Ashish Vakhariya and Darin Gross of Marcus & Millichap’s Detroit office exclusively represented the seller, a local private investor and retired physician.

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ONE MORE THING

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