October 5, 2017 Comments (0) Views: 517 Massachusetts, Midwest, National News, Ohio

RiverBend MOB Portfolio Sold

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Cleveland-based BGL Real Estate Partners sold the RiverBend Medical Group portfolio to Wisconsin-based Hammes Partners for an undisclosed amount. The RiverBend Medical Group Portfolio consists of three medical office buildings, totaling roughly 138,000 square feet.

The portfolio is 100% occupied by RiverBend Medical Group, an affiliate of Trinity Health. The properties are strategically located in Chicopee, MA, Springfield, MA, and Agawam, MA near Hartford-Springfield’s airport and Bradley International Airport, which provide convenient access to Mercy Medical Center and Baystate Medical Center , where the physicians of RiverBend Medical Group provide inpatient services.

BGL Real Estate Partners’ National Healthcare Real Estate group served as the exclusive advisors to the seller in the transaction. It is a division of Brown Gibbons Lang & Company, an independent investment bank.

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