Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Friday, July 7, 2017

Block Healthcare Development Closes on Acquisition of a Medical Facility in Springdale, Arkansas

SPRINGDALE, Arkansas---July 5, 2017---Block Healthcare Development, LLC (BHD) recently closed on a deal for the acquisition of the 31,200 SF medical office building located at 4077 Elm Springs Road, Springdale, Arkansas.

The facility was opened in May of 2016 and fully occupied in September of 2016 by Northwest Physicians, LLC.  Northwest Physicians, LLC clinics comprise the most comprehensive collection of healthcare professionals this region has ever seen. The wholly-owned group of employed physicians spans multiple primary care offices and specialty clinics.

The Springdale location currently has established family medicine, internal medicine and physical therapy practices. In addition, Northwest Physicians, LLC will be opening an Urgent Care center at this location in the near future.

BHD handles healthcare real estate transactions ranging from the development of medical offices to the acquisition of net-leased medical office properties. BHD acquired over 165,000 square feet of new property in 2016. BHD operates in conjunction with Block Funds (BF), a leading commercial real estate private equity firm. BF allows accredited investors seeking income, capital preservation and appreciation an opportunity to earn high, stable cash yields and competitive risk-adjusted returns.

Both BHD and BF are affiliates of Block Real Estate Services, LLC (BRES), a full-service commercial real estate company managing over 37 million square feet of retail, office, industrial, and multifamily properties for equity partnerships and third party owners.

To learn more about BHD or register to receive updates on investment opportunities, visit: https://www.blockfunds.com/

For more information contact:

Stephen Bessenbacher
Vice President
Block Healthcare Development

No comments:

Post a Comment