TORONTO, April 14, 2014 /CNW/ - Mohawk Medical Growth Partners
("Mohawk"), a private real estate investment firm, announced today it
has acquired the premier medical office building in Belleville, Ontario
through its third vehicle, Mohawk Belleville Opportunity Partners (I)
This approximately 37,000 square foot building called "The Belleville
Medical Arts Building" is a full service medical office building
serving the City of Belleville. The 100% medically tenanted building
has a full compliment of medical services including pharmacy,
laboratory, X-Ray, ultrasound, audiology and an infusion clinic.
Physician types include general practitioners, OB/GYN, dermatologist,
ENT and orthopedic surgeon.
Equity financing was sourced through a non-brokered private placement.
Timbercreek Senior Mortgage Investment Corporation provided first
Concurrent with closing, Mohawk has launched its property management
division called Mohawk Medical Management Corp. ("MMM"). MMM is a proud
team of experienced professionals executing 'best in class', medical
specific, property management and leasing services. They provide a
level of care, concern and dedication that can only come from the owner
of the real estate. These property management services are specially
designed to meet the unique needs of medical practitioners.
Mohawk is delighted to announce the addition of Jennifer Silvello. As a
veteran of Dundee and Summit REIT, Jennifer has overseen more than 10
million square feet of leased space involving over 1,000 tenants across
ten years of experience in the property accounting field.
About Mohawk Medical Growth Partners
Mohawk Medical Growth Partners is an opportunistic, Toronto-based
private real estate investment firm focused on creating value through
development, re-positioning, re-tenanting and property turnaround of
Canadian medical office buildings. Its general partners Sean Nakamoto
and Andrew Shapack, whose combined track record includes over 60
medical office building acquisitions, draw on their experience to
manage this aggressive investment platform expressly designed to
capture the current opportunity in the Canadian medical office field.
SOURCE: Mohawk Medical Growth Partners Corp.
For further information:
For more information about Mohawk, visit www.mohawkmedical.ca