MLL Capital, a Boston-based commercial real estate investor focused on medical office, laboratory and life sciences properties across the United States, has acquired four medical office buildings, totaling 251,546 square feet. A sales price was not disclosed.
The properties are located in the Chicago, Minneapolis/St Paul, Nashville and Washington, D.C., markets.
“These acquisitions align with our strategy to build a portfolio focusing on opportunistic and value-add investments in this sector and repositioning them to attract and retain high-quality medical tenants,” said Wyndsor DePetro, an MLL Capital principal. “The assets, which are currently 81 percent occupied, present the opportunity to lease up to stabilized occupancy levels by attracting and retaining a diverse mix of high-quality medical office tenants with a targeted leasing effort using attractive lease packages and capital improvement plans.”
The acquisitions include the 95,043-squar
