VCM Global Asset Management Acquires Jarnigan Road Medical Center in Chattanooga, Tennessee
08 March, 2021
March 8, 2021 – VCM Global Asset Management (“VCMGAM”) is pleased to announce the acquisition of Jarnigan Road Medical Center, a multi-tenant, Class “A” medical office building located in the affluent East Brainard submarket of Chattanooga, Tennessee.
Constructed in 2008, the state-of-the-art outpatient medical office building is currently 90% leased and is one of the premier medical office buildings in Chattanooga.
77% of the building is occupied by South East Eye Specialist (“SEES”) and its affiliate Eye Surgery Center of Chattanooga under long-term net leases. SEES is one of the region’s leading specialty eye centers and the Eye Surgery Center of Chattanooga is one of two dedicated eye-only surgery centers operated by the SEES Group.
The property is managed by CBRE.