$7.4M Tennessee medical office building sold to PE firm

A medical office building in Chattanooga, Tenn., has sold to a real estate private equity firm for $7.4 million, Times Free Press reported Nov. 21. 

Nashville, Tenn.-based Excelsior Capital purchased the 100 percent-occupied, 17,837-square-foot office. The building houses a Center MedSpa and the Center for Integrative Medicine. 

Excelsior also purchased a 99,878-square-foot, multitenant office in the area in 2021.

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