Anchor Health Properties (“Anchor”), a full-service development, management, leasing, and investments platform focused on medical office projects across the United States, recently opened its first office in the Western U.S., effective July 10th. In conjunction with this opening, Anchor has announced the acquisition of an 82,000+ SF medical office building in San Diego, CA adjacent to the campus of the Sharp Grossmont Hospital. The investment, known as the Fletcher Medical Office Building, features anchor tenancy sponsored by Sharp Healthcare and United Healthcare Group.
Anchor executive and industry veteran, Mervyn Alphonso, is leading the launch of Anchor’s operational efforts in San Diego and in the region, including hiring of new property staff, development of key tenancy relationships, and coordination of property capital project efforts.
“We are excited to announce the opening of our first West Coast office and that Anchor’s full-service platform now spans coast-to-coast,” said Ben Ochs, Chief Executive Officer of Anchor Health Properties.
Anchor anticipates pursuing additional acquisitions, development and management opportunities in the region over time by leveraging its existing healthcare development infrastructure as well as regional relationships.
“The Fletcher transaction, in combination with recent and planned acquisitions in Southern California and the Western U.S., has created momentum for further investment and expansion efforts in the region,” said James Schmid, Chief Investment Officer of Anchor Health Properties. “The acquisition allows Anchor to maximize platform value in bringing healthcare real estate expertise and operational understanding to enhance a core medical office building. Fletcher has historically been well occupied, and Anchor has significant capital and leasing plans to enhance its image and function on the Sharp Grossmont hospital campus. We continue to see meaningful investment and development opportunities across San Diego, Southern California, and the Western US, and with a dedicated regional hub now in place, we expect our pipeline to accelerate in the coming months.”
Capital One provided debt financing for the Fletcher transaction. HFF facilitated the sale on behalf of the Abbey Company out of Long Beach, CA. CBRE’s San Diego medical team of Lars Eisenhauer and Dan Yielding have been engaged for the outside leasing assignment.