Healthcare W Minnesota

USAA Real Estate, HSA PrimeCare buy 45,000-square-foot MOB in Minnesota

The joint-venture equity fund established by USAA Real Estate and HSA PrimeCare recently acquired a 45,722-square-foot medical office building in Plymouth, Minnesota.

Built in 2014, the Class-A medical building is anchored by North Clinic, a large, independent physician group that occupies the full first floor. Institute for Athletic Medicine, a joint venture between North Memorial Health and Fairview Hospital, is another premier medical provider in the building. Institute for Athletic Medicine offers orthopedic and sports rehabilitation services.

HSA PrimeCare will jointly manage the building with Minneapolis-based Frauenshuh Commercial Real Estate. Brian Bruggeman and Louis Suarez of Colliers International will be retained for leasing.

David Berglund of Colliers International represented the seller of the building.