Harrison Street Asset Management has sold a 10-storey medical office building in the US to the County of Santa Clara for $340m (€293.4m).
The global investment management firm said it has sold the newly constructed 230,506sqft build-to-suit outpatient medical office building in San Jose, California, to the County.
Ben Mohns, global head of asset management – real estate at Harrison Street Asset Management, said: ”The transaction with the County of Santa Clara underscores our ability to collaborate effectively with health systems, delivering mutually beneficial solutions.
“We’re proud to have delivered a modern, purpose-built healthcare facility for the community and to complete a transaction that underscores our ability to originate, develop, and exit complex, notable real estate in sectors within which we have a high level of conviction.”
Jake Rohe, managing partner and president of developer PMB, said: ”Harrison Street Asset Management has been a key part of PMB’s evolution over the past 10 years.
“We greatly appreciate their trust in our people and our platform. We’ve developed phenomenal personal and professional relationships with their team and are excited to continue our partnership into the future.”
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