Healthcare O Indiana

JLL closes sale of 143,000-square-foot healthcare facility in Indianapolis

JLL’s Healthcare Capital Markets experts completed the sale of a 143,499-square-foot Class-A outpatient facility on the academic medical campus of Indiana University Health’s Methodist Hospital in downtown Indianapolis.

This is the largest hospital complex in the state of Indiana with 1,411 staffed beds. Methodist Professional Center II (MPC II) is fully occupied by Indiana University Health and its affiliates. It features the campus’s outpatient ambulatory surgery center and cardiovascular specialists.

Healthcare Realty Trust acquired Methodist Professional Center II. The seller was The Sanders Trust, headquartered in Birmingham, Alabama.

The four-story property sits on 1.4 acres and was built in 1992. MPC II is connected to the hospital facility and is a critical component of IU Health’s $1 billion project to consolidate clinical operations from University Hospital into the expanded, dynamic and growing facilities of Methodist Hospital and Riley Hospital for Children.

Mindy Berman and Justin Hill of JLL Healthcare Capital Markets served as advisors to the seller along with Bruce Gordon. JLL has sold more than 841,000 square feet of healthcare properties in Indiana.