Class A medical office building trades in Salt Lake City metro
JLL Capital Markets led sales efforts for Mountain Point Medical Center
LOS ANGELES, Aug. 1, 2023 – JLL Capital Markets announced today that it arranged the sale of Mountain Point Medical Center, a Class A medical office building totaling 60,000 square feet in Lehi, Utah, in the Salt Lake City metropolitan area.
JLL represented the seller, an affiliate of The Inland Real Estate Group of Companies, Inc., and procured the buyer, an affiliate of Heitman LLC.
Mountain Point Medical Center is a three-story outpatient medical building that is connected to the newly renamed, 40-bed Holy Cross Hospital – Mountain Point, part of Centura Health. The building is 100% leased by Centura Health through its recent acquisition of Steward Health Care’s ownership interest in its Utah healthcare operations. Mountain Point Medical Center is occupied by high value medical specialists such as orthopedics, general surgery, radiology, women’s health and ENT.
The building is in the high growth area of Salt Lake, 25 miles south of downtown Salt Lake City, directly along Interstate 15 at the interchange with Utah State Road 92. Lehi has undergone exceptional growth, including young growing families seeking desirable suburbs with good access to employment throughout the Salt Lake City area. The building is surrounded by commercial office buildings and retail and commercial amenities.
The JLL Medical Properties Group was led by Senior Managing Director Mindy Berman, Director Matt DiCesare and Director Vasili Davos. Senior Director Phil Brierley and Director Cole Macadaeg of JLL’s Salt Lake City office provided local expertise.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.