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Holladay sells Medical Pavilion South

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(Dyer, Ind.) – Holladay Properties has sold the four-story, 63,486 square foot Medial Pavilion South multi-tenant medical office building located on the campus of Franciscan Health in Dyer, Ind. to Montecito Medical Real Estate.

“Holladay Properties is pleased with the opportunity to work with Montecito Medical on the sale of this important asset,” said Mike O’Connor, Vice President of Development and Leasing for Holladay Properties. “We are confident the valued building tenants and Franciscan Health system will benefit from the Montecito professional ownership culture and we look forward to continuing our working relationship with the Montecito team by way of our ongoing management and leasing services.”

Holladay acquired the Class A medical office building in 2008 and spent 10 years marketing and leasing the building to bring it to near total occupancy. Holladay will retain management and leasing responsibilities for the building on behalf of Montecito. 

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