The requested news item does not exist. Please return to News
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.
For more news, videos and research resources, please visit the firm’s U.S. media center webpage. Bookmark it here: bit.ly/14hRbTl
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.
Andrew Neilly/Tim Gallen
+1 925 930 9848
Andrew@gallen.com / Tim@gallen.com
+1 312 228 2387