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News release

TACOMA, WA

Jones Lang LaSalle Arranges $10.4 Million Sale of Tacoma Medical Office Building


TACOMA, WA, March 7, 2013 — Jones Lang LaSalle (JLL) today announced that its Capital Markets experts in Seattle arranged the sale of Allenmore Medical Center’s Building B, an 86,942 square foot mid-rise medical office property on Multicare Health System’s Allenmore hospital campus in Central Tacoma, Washington.  The buyer, Berschauer Group NW, LLC, is a statewide partnership headquartered in Olympia.

Seattle-based Managing Directors Lori Hill, Stuart Williams and Ann Chamberlin, and Joe Euphrat, a San Francisco-based Managing Director in JLL’s Capital Markets-Healthcare practice, as well as Bill Frame of Kidder Mathews, represented the seller, Unico Medical Properties, LLC.  The transaction closed on March 1.

The seven-story building at 1901 South Union Avenue in Tacoma was built in 1977. 

“Allenmore was a rare opportunity for the buyer to secure a fee-simple asset on the campus of a nationally renowned, non-profit healthcare system,” said Hill. "The medical office sector continues to grow and has a strong outlook in Pierce County and the greater Puget Sound region, so we had considerable investor interest in the offering,” she added. 

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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.