BGL Real Estate Partners Announce the Sale of St. Mary's of Michigan Medical Office Building

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Feb 07, 2018, 09:17 ET

CHICAGO, Feb. 7, 2018 /PRNewswire/ -- BGL Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company (BGL), is pleased to announce the real estate sale of St. Mary's of Michigan Medical Office Building. BGLREP's National Healthcare Real Estate Group served as the exclusive advisor to the seller in the transaction.

BGL Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company (BGL), is pleased to announce the real estate sale of St. Mary’s of Michigan Medical Office Building. BGLREP’s National Healthcare Real Estate Group served as the exclusive advisor to the seller in the transaction.St. Mary’s of Michigan Medical Office Building (“the Property”), totaling approximately 87,843 rentable square feet, is located in Saginaw, MI, the largest city within the Michigan Tri-City area.

St. Mary's of Michigan Medical Office Building ("the Property"), totaling approximately 87,843 rentable square feet, is located in Saginaw, MI, the largest city within the Michigan Tri-City area. The Property is highly visible and strategically located approximately one-quarter mile from affiliated St. Mary's of Michigan Medical Center ("St. Mary's"), providing patients with exceptional convenience and access. St. Mary's is a subsidiary of Ascension Health, and is a teaching affiliate of the Michigan State University College of Human Medicine, as well as Central Michigan University. St. Mary's, in partnership with Michigan Cardiovascular Institute, occupies approximately 94% of the Property with a primary focus of providing cardiovascular care to Central Michigan.

About BGL Real Estate Partners
BGL Real Estate Partners, a division of Brown Gibbons Lang & Company, is a leading national advisor in healthcare real estate, specializing in providing healthcare real estate owners with tailored transaction strategies, including debt and equity recapitalization, sale-leasebacks, partial sale-leasebacks, tax deferred transactions, such as an UPREIT or a §1031 like-kind exchange, as well as an outright sale or equity recapitalization that enables owners to capitalize on current investment demand and historically high valuations while retaining a reduced level of real estate ownership. BGLREP has completed 40 healthcare real estate sale transactions over the past 24 months for a total value of approximately $800 million.

About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.

SOURCE Brown Gibbons Lang & Company