{"id":33263,"date":"2022-02-16T08:01:23","date_gmt":"2022-02-16T05:01:23","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=33263"},"modified":"2025-11-13T10:51:49","modified_gmt":"2025-11-13T07:51:49","slug":"jll-buys-durham-medical-office-space","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/","title":{"rendered":"JLL Buys Prominent Durham Medical Office Property"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text css=””]JLL Capital Markets recently announced that it had completed the sale of Duke Medical Plaza at Patterson Place in Durham, N.C., on behalf of the seller. Senior Director Brannan Knott; Directors John Mikels and Daniel Flynn; and Analyst Woody Flythe led the JLL Capital Markets team representing the seller.<\/p>\n

The buyer was JLL Income Property Trust, an institutionally managed daily net asset value real estate investment trust that is advised by LaSalle Investment Management. According to the announcement, the purchase price was roughly $37.1 million.<\/p>\n

Located at 5324 MacFarland Dr., the property incorporates 64,280 square feet of Durham office space<\/a>, most of which is dedicated to medical office use, as affiliates of Duke University Health System occupy approximately 86% of the building. Ranked as the best hospital in the state, Duke holds 31% of local market share and is the dominant academic healthcare provider in North Carolina. The organization recently agreed to a lease extension and expansion with a weighted average lease term of more than nine years, which will increase its occupancy in the four-story building to 96%.<\/p>\n

Duke Medical Plaza was built in 2010 and strategically located in the Research Triangle submarket at the intersection of US 15-501 and Interstate 40 \u2014 a short drive to large health systems, such as Duke Health and UNC Health in both Chapel Hill and Durham. This ensures convenient and easy access for patients, as well as the highly educated workforce in the region.<\/p>\n

\u201cWe\u2019re thrilled to add Duke Medical Plaza to our growing healthcare portfolio as we continue to make healthcare-focused properties our priority focus within the office sector,\u201d said JLL Income Property Trust President and CEO, Allan Swaringen. \u201cThis well-located property, occupied by a world-class tenant, fits squarely into our strategy of acquiring medical office buildings with these traits. This acquisition further diversifies our portfolio across our targeted property sectors that align with our Research & Strategy team\u2019s recommended overweights.\u201d<\/p>\n

According to the statement of sale, JLL Income Property Trust\u2019s healthcare allocation now represents about 8% of its overall portfolio and incorporates more than 1.1 million square feet of medical office space across 15 properties.<\/p>\n

\"\"<\/a>

Duke Medical Plaza at Patterson Place, 5324 McFarland Drive, in Durham, N.C.<\/em><\/p><\/div>\n[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

JLL Income Property Trust’s investment portfolio is now 8% healthcare-oriented, with 1.1 million square feet of medical office space across 15 properties. <\/p>\n","protected":false},"author":48,"featured_media":33258,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,38,4014,39],"tags":[],"class_list":["post-33263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"\nDurham Medical Office Space Sells at $37M Price Tag | CommercialCafe<\/title>\n<meta name=\"description\" content=\"JLL Income Property Trust adds Duke Medical Plaza at Patterson Place to its medical office portfolio segment, now at 1.1 million square feet.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Buys Prominent Durham Medical Office Property\" \/>\n<meta property=\"og:description\" content=\"JLL Income Property Trust adds Duke Medical Plaza at Patterson Place to its medical office portfolio segment, now at 1.1 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-16T05:01:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T07:51:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Ginsac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ioana Ginsac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/\",\"name\":\"Durham Medical Office Space Sells at $37M Price Tag | CommercialCafe\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg\",\"datePublished\":\"2022-02-16T05:01:23+00:00\",\"dateModified\":\"2025-11-13T07:51:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\"},\"description\":\"JLL Income Property Trust adds Duke Medical Plaza at Patterson Place to its medical office portfolio segment, now at 1.1 million square feet.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#primaryimage\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg\",\"width\":1280,\"height\":500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JLL Buys Prominent Durham Medical Office Property\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\",\"name\":\"Ioana Ginsac\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96\",\"caption\":\"Ioana Ginsac\"},\"description\":\"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.\",\"jobTitle\":\"Senior Content Writer, Industry News & Reports\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/author\/ioana-ginsac\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Durham Medical Office Space Sells at $37M Price Tag | CommercialCafe","description":"JLL Income Property Trust adds Duke Medical Plaza at Patterson Place to its medical office portfolio segment, now at 1.1 million square feet.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/","og_locale":"en_US","og_type":"article","og_title":"JLL Buys Prominent Durham Medical Office Property","og_description":"JLL Income Property Trust adds Duke Medical Plaza at Patterson Place to its medical office portfolio segment, now at 1.1 million square feet.","og_url":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/","og_site_name":"CommercialCafe","article_published_time":"2022-02-16T05:01:23+00:00","article_modified_time":"2025-11-13T07:51:49+00:00","og_image":[{"width":1280,"height":500,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg","type":"image\/jpeg"}],"author":"Ioana Ginsac","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ioana Ginsac","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/","url":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/","name":"Durham Medical Office Space Sells at $37M Price Tag | CommercialCafe","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg","datePublished":"2022-02-16T05:01:23+00:00","dateModified":"2025-11-13T07:51:49+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2"},"description":"JLL Income Property Trust adds Duke Medical Plaza at Patterson Place to its medical office portfolio segment, now at 1.1 million square feet.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg","width":1280,"height":500},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/jll-buys-durham-medical-office-space\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"JLL Buys Prominent Durham Medical Office Property"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2","name":"Ioana Ginsac","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2026\/04\/Ioana-Ginsac.png?w=96","caption":"Ioana Ginsac"},"description":"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.","jobTitle":"Senior Content Writer, Industry News & Reports","url":"https:\/\/www.commercialcafe.com\/blog\/author\/ioana-ginsac\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2022\/02\/durham-office-space-downtown-skyline-north-carolina.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/33263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=33263"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/33263\/revisions"}],"predecessor-version":[{"id":45827,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/33263\/revisions\/45827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/33258"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=33263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=33263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=33263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}