Caddis Healthcare Real Estate has acquired Shady Grove Medical Pavilion, a medical pavilion located at 9601 Blackwell Rd, Rockville, MD, encompassing a total area of 121,789 square feet. The property has transitioned from a distressed office building to a Class A medical facility after significant improvements and strategic repositioning.

Summary of transation details:

• Property Type: Medical Pavilion
• Transaction Amount: Not disclosed
• Address: 9601 Blackwell Rd, Rockville, MD
• Market: Rockville
• Seller: Broe Real Estate Group
• Buyer: Caddis Healthcare Real Estate
• Seller's Representative: Christopher (Chris) Bodnar (CBRE)
• Square Footage: 121,789

The transaction involved key representations from the CBRE Healthcare Capital Markets team, which included Chris Bodnar, Lee Asher, and Shane Seitz, representing the seller throughout the process. The buyer was attracted to the strong tenant base and potential for additional leasing opportunities within the pavilion.