(MENAFN- ACCESSWIRE)
Onicx Group Announces Acquisition of Lafayette Medical Building, First Asset in $50 Million Healthcare Real estate Fund
LAFAYETTE, IN / ACCESSWIRE / September 17, 2024 / Onicx Group (Onicx) is proud to announce the acquisition of the Lafayette Medical Building, a 25,000-square-foot Class A medical outpatient building located in Lafayette, Indiana. This acquisition marks the first investment in Onicx's newly established $50 million healthcare real estate fund.
Built in 2021 and positioned within a few miles of two major health system-operated hospitals-Franciscan Health Lafayette East and IU Health Arnett Hospital-the Lafayette Medical Building stands as an institutional-quality healthcare facility. It is leased to premier tenants, including Optum, a subsidiary of UnitedHealthcare, and Infinity Pediatric Dentistry. The property features modern interior finishes, direct suite access from the parking lot, and room for additional value creation through the lease-up of a 4,500-square-foot suite.
"This acquisition is a strategic addition to our portfolio, capitalizing on the growing demand for high-quality healthcare facilities in strong and growing markets," said Dhvanit Patel, CEO of Onicx Group. "We are excited to kick off our healthcare real estate fund with this investment, and we look forward to growing our portfolio of institutional quality assets through the completion of several acquisitions in the coming months," said Ilya Hvostikov, VP of Acquisitions.
The Lafayette Medical Building's prime location on S. Creasy Lane-a thoroughfare with 21,000 vehicles per day-provides excellent access for patients and is just 4 miles from Purdue University's flagship campus, further strengthening its connection to the local healthcare community. The area also benefits from being the only major metropolitan statistical area (MSA) between Indianapolis and Chicago, serving a regional population of over 125,000 people.
Blueprint Healthcare Real Estate Advisors represented the seller in the transaction. First Citizens Bank provided the financing for the acquisition.
About Onicx Group
Onicx Group is a prominent developer and a trusted real estate partner for health systems and physician practices, with a longstanding focus on healthcare real estate. Over the last 20 years, Onicx has developed over 3 million square feet of commercial real estate. Onicx's full-service platform provides an array of services related to strategy, execution, and operations. Among them are feasibility analysis, site selection, development, design, construction, acquisitions, leasing, asset management, and property management. Onicx also has an in-house construction company which allows the firm to control the entire development cycle.
Contact:
Ilya Hvostikov
VP of Acquisitions
[email protected]
267-980-8283
SOURCE: Onicx Group
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