Franklin Street Arranges $12.4M Financing for Medical Facility

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Franklin Street Arranges $12.4M Financing for Medical Facility in Baton Rouge

Excerpted from REBusiness Online

BATON ROUGE, LA. — Franklin Street has arranged the $12.4 million acquisition and renovation financing for Physicians Medical Center, a 76,370-square-foot medical office and hospital campus in Baton Rouge. The three-story facility features a hospital on the first floor and 44,984 square feet of leasable medical office space at the time of sale. The buyer, New Era Cos., plans to implement property renovations. Following the project, Oceans Healthcare Outpatient Services will anchor the property.

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