Children’s National Health System has acquired the new facility it opened in Prince George’s County this summer. Heritage Partners, which developed the health center at the Woodmore Towne Centre retail complex, sold it in a $39M, three-party transaction that resulted in Children’s National taking ownership of the property.
Municipal Acquisitions was also involved in the deal, which allowed Children’s National to transition from leasing the building to owning it. Avison Young’s Jonathan Hipp brokered the deal.
Children’s National opened the 60K SF facility July 22, two-and-a-half years after the project broke ground. The pediatric health center provides services including cardiology, neurology, hematology, allergy, and sports medicine and orthopedics. It also features an ambulatory surgery center that opened in mid-August.
Click here to read the rest of the article written by Jon Banister over at Bis Now
