February 23rd, 2023
Woodside Health Exceeds $1B of Transaction Volume
Closes Acquisition of Pecos Plaza – Las Vegas MSA
CLEVELAND, OH (February 23, 2023) – Woodside Health is excited to announce that the acquisition of Pecos Plaza in Henderson, Nevada has put the medical office building (MOB) investment firm over the $1 billion mark in transaction volume to date. Woodside Health is a 15-year veteran in the MOB industry and has been accelerating its growth in recent years through strategic partnerships, investing in and developing top talent, and building relationships with care providers and real estate investors alike.
"We are humbled by this incredible accomplishment and grateful to our hard-working team, loyal investors, and the many brokers and colleagues who have helped us get to this point," said Joe Greulich, Woodside Health Principal. "The party is just getting started; we look forward to seeing what we can accomplish in the next 15 years!"
The Pecos Plaza investment includes eight buildings, which represent 124,000 square feet of leasable space. Located at 9005-9089 South Pecos Road, the assets are 90% occupied with a mix of both medical and office tenants.
"We've been very focused on the Las Vegas market, and we're thrilled to acquire Pecos Plaza. The property is well located at the intersection of Pecos Road and I-215, which is a heavily trafficked beltway that encircles Las Vegas," said Ben Barr, Woodside Health Principal. "We have some exciting plans to enhance the property and look forward to working with each of the tenants into the future," he added.
This is the 48th acquisition for Woodside Health. The firm has medical and health related properties in Arizona, Florida, Georgia, Nevada, Ohio and Texas. Woodside Health remains an active buyer in the medical office building market and is currently under contract to acquire other properties.
About Woodside Health
Headquartered in Cleveland, OH, Woodside Health is a private equity firm focused primarily on investing in commercial assets within the healthcare real estate sector. Founded in 2008, the firm has acquired over 2.5 million square feet of healthcare real estate and closed over $1 billion of transactions. For more information, please visit www.WoodsideHealth.com.