Cleveland OH – October 10, 2019 – Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of the Tuscola Professional Building (the “Property”). BGL’s Healthcare Real Estate team served as the exclusive advisor to the seller in the transaction.
The Property consists of approximately 25,500 square feet and is 100% leased to McLaren Bay Region Hospital (“McLaren”, a wholly owned subsidiary of McLaren Healthcare Corp. (Moody’s rated: Aa3). The tenant, McLaren Bay Region, is a designated affiliate and member of the Credit Group under the Master Indentures created for McLaren Healthcare Corps. bond issuances. The Building benefits from prime placement just a few miles outside central Bay City, adjacent to Great Lake Medical Center and one block south of the McLaren Bay Regional Hospital.