The purchase comes as a slew of building renovations, a farmers market, and apartment developments continue to target the area, coinciding with MetroHealth's $946 million campus restoration project.
The purchase comes as a slew of building renovations, a farmers market, and apartment developments continue to target the area, coinciding with MetroHealth's $946 million campus restoration project.
A Connecticut-based developer has purchased two Memphis Medical District properties as it seeks to secure a foothold in the market.
Lexington Partners LLC purchased Azur Tower at 305 S. Bellevue Blvd. and Soma 23 Apartments at 23 S. Pauline St. as part of a larger portfolio purchase.
The portfolio was purchased for $71.23 million from Arizona-based Santé Realty Investments and totaled six properties. The other four properties are located in Columbia, South Carolina.
Joe Beaudoin, direc...
A Connecticut-based developer has purchased two Memphis Medical District properties as it seeks to secure a foothold in the market.
Lexington Partners LLC purchased Azur Tower at 305 S. Bellevue Blvd. and Soma 23 Apartments at 23 S. Pauline St. as part of a larger portfolio purchase.
The portfolio was purchased for $71.23 million from Arizona-based Santé Realty Investments and totaled six properties. The other four properties are located in Columbia, South Carolina.
Joe Beaudoin, direc...