Sendero Capital, Angelo Gordon JV acquire medical office building in New Hampshire
A joint venture between Sendero Capital and Angelo Gordon announced that it has acquired 1 Hampton Road, a medical office campus comprising two buildings totaling 82,000 square feet in Exeter, N.H.
JLL represented Sendero Capital and Angelo Gordon, which formed a programmatic joint venture (also arranged by JLL) for up to $300 million in investments in outpatient healthcare real estate over the next two years. The purchase of 1 Hampton Road is the third acquisition as part of the joint venture, which will focus on value-add and core-plus outpatient medical offices and surgery centers throughout the Northeast – a region with high barriers to entry, strong growth, and one of the largest concentrations of healthcare businesses in the United States.
The property is 82,000 square feet, 92 percent leased to medical tenants, and anchored by Access Sports Medicine, Seacoast Pathology and Exeter Hospital. In June, New Hampshire’s attorney general’s office signed off o