Haverhill, MA –Transwestern Real Estate Services has facilitated the sale of two high-quality medical outpatient buildings on the East Coast, including the Merrimack Medical Center in Haverhill, Massachusetts.
The transactions, led by Transwestern’s national Healthcare Capital Markets team, underscore the continued strength and investor demand within the medical office building (MOB) sector.
The Merrimack Medical Center, a five-story, 59,601-square-foot outpatient facility located at 62 Brown Street, is situated directly on the Holy Family Hospital campus. The building is currently 90% leased, offering tenants direct access to the hospital through an enclosed walkway, garage parking, and proximity to residential neighborhoods within the Boston metropolitan statistical area (MSA).
The on-campus location and integration with hospital services made the Massachusetts property a strong draw for investors. According to Transwestern, the asset attracted significant interest due to its stable tenancy, strategic positioning, and relevance in a market increasingly driven by healthcare demand and outpatient service growth.
“These transactions highlight continued demand for high-quality, income-producing medical outpatient properties based on demographic trends and a rise in medical spending,” said Steve Leathers, Senior Managing Director at Transwestern. “Both properties drew significant investor interest, demonstrating the strength and appeal of healthcare real estate.”
The second property involved in the sale was Commons V in Naples, Florida—a three-story, 61,359-square-foot medical outpatient building that is 98% leased. It closed just 45 days after contract signing, reflecting a highly competitive market environment.
Alongside Leathers, the transactions were spearheaded by Rachel Glass, Brooks Creech, and Seth Gilford, further reinforcing Transwestern’s expertise in healthcare capital markets and strategic real estate advisory.
The sales demonstrate strong investor appetite for mission-critical, outpatient healthcare assets, especially those located near hospitals or in growing, demographically favorable markets.
