Mount Kisco Medical Center bought by RREEF
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- September
- 12
RREEF, a global investment company based in San Francisco, announced yesterday that it has acquired Mount Kisco Medical Center. The 38,800 square-foot building is adjacent to Northern Westchester Hospital. It was previously owned by Tolchin Property Group. The price was not disclosed.
Michael Berne of Cushman & Wakefield, the broker for the seller, said there were more than 15 bids for the property, which closed after it had been on the market for about 90 days.
“It’s a trophy property in the sense that it’s right across the street from Northern Westchester Hospital,� said Berne, who heads the Senior Housing Healthcare Group at Cushman & Wakefield. “All the tenants are triple-A, and the building was completely redone in 2001 and 2002.�
He said the building is fully occupied.
RREEF Real Estate is part of RREEF, which is part of Deutsche Bank’s Asset Management Division. RREEF also invests in infrastructure, private equity and hedge funds.
This entry was posted
on Wednesday, September 12th, 2007 at 3:40 pm by Alison Bert.
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Category: Office market
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