Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a 20,900-square-foot medical office property in Bartlett, TN.
The building is fully occupied by OrthoSouth, a large specialty practice in the Memphis area.
“We are delighted to acquire this outstanding and well-situated medical real estate asset and grateful for the opportunity to build a relationship through a long-term lease with these providers, who are part of one of the area’s best-known and most respected orthopedic practices,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
One of the leading and best-established orthopedic groups in the Mid-South, OrthoSouth traces its roots to 1942. The group’s physicians practice at 10 locations across the Memphis area, including two offices in North Mississippi.
The property is in Bartlett, a suburb northeast of Memphis, adjacent to a 196-bed hospital campus and within a growing medical corridor. The group provides orthopedic services, physical therapy, and MRIs at the Bartlett location.
“We are thrilled to expand our presence in the Memphis area and our headquarters state of Tennessee as we help providers make the most of their real estate,” said Chip Conk, CEO of Montecito Medical.
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