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
Block Healthcare Development
816.412.8467
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