Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a 32,711-square-foot medical office building in Woodbury, MN.
The building is home to Minnesota Women’s Care, a leading specialty group in the Twin Cities area.
“We are very pleased to acquire this outstanding real estate asset and to enter into a long-term relationship with such a respected provider group,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
“Our experience with Montecito was extremely easy,” said Melvin Ashford, M.D., Founder and CEO of Minnesota Women’s Care. “We were very comfortable with the team and felt as though they had our interest in mind as well as their own in completing the transaction.”
Minnesota Women’s Care serves patients throughout the Twin Cities area and western Wisconsin. The group maintains four office locations across its service area.
“We are pleased to expand our presence in Minnesota and the Upper Midwest through this acquisition in one of the most attractive markets in the country,” said Chip Conk, CEO of Montecito Medical.