Capital One announced it has closed a $28 million loan to support the acquisition of a medical office building portfolio consisting of a 139,000 square foot laboratory building and a 68,000 square foot office building located in Rockleigh, New Jersey.  The purchaser, Charter Realty Group, is a property management company with a portfolio of 16 medical/commercial office properties and more than 7,000 multifamily units.  Vice President Jim McMahon of Capital One Healthcare originated the transactions.

The buildings are leased to Spectra Laboratories, a subsidiary of Fresenius Medical Care Holdings, Inc. The site serves as Spectra’s mission-critical testing facility for the eastern half of the United States.

“We are pleased to support Charter in the acquisition of this desirable portfolio of recently modernized testing and laboratory facilities in a prime Bergen County location,” said Erik Tellefson, Capital One Healthcare Managing Director.

“We benefited greatly from Capital One Healthcare’s knowledge of the medical office building market and its expertise in structuring the financing for this acquisition,” said Arnold Porath, Charter’s founder and CEO.  “The Spectra buildings will make an outstanding addition to the Charter portfolio.”

Capital One Healthcare is a leading provider of financial services to the industry with over $11 billion in total outstanding balances. Customers across healthcare sectors—including senior housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices—rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. With in-depth expertise, our team of professionals creates solutions tailored to meet the needs of our customers.