BRUNSWICK, OHIO – A joint venture between Remedy Medical Properties and Kayne Anderson Real Estate has acquired a 34,519-square-foot medical office building in the Cleveland suburb of Brunswick for $10.7 million. The two-story property, called Atrium of Brunswick, is located at 1299 Industrial Parkway North.
The facility is fully occupied by two tenants. One GI is a gastroenterology group that recently acquired the building’s original tenant and vendor, Digestive Disease Consultants (DDC). Shortly after One GI acquired DDC, it signed a new 12-year lease. The other tenant is MetroHealth, which operates four hospitals and other healthcare facilities throughout the Cleveland area. MetroHealth operates a primary care and pediatrics practice at the building with a lease that expires in 2025. Capital One provided acquisition financing.