Davis, a national healthcare real estate (HRE) development, property management, brokerage and investment firm, has announced its first HRE transaction in Iowa with the acquisition of a 100 percent occupied multispecialty healthcare facility in a suburb of Iowa City. The acquisition closed June 21 for $22.15 million.
“The property, located at 2769 Heartland Drive, is a 60,000-square-foot, class A, multi-tenant medical building that is occupied by a diverse group of strong medical and specialty care clinics in the Iowa City market,” said Mark Davis, principal at Davis.
In addition to OB GYN Associates of Iowa and Coralville, tenants include Mercy Urgent Care, Mercy Internal Medicine, Mercy Occupational Health, Corridor Radiology, Progressive Rehabilitation Associates, Professional Foot and Ankle Care, and Mercy laboratory services. The facility is highly visible and accessible from U.S. Interstate 80.
Davis manages and/or has developed or acquired medical facilities in Arizona, Illinois, Michigan, North Dakota, Nebraska and Washington.
