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Local Retail Landlords Make Friends with MOBs

Baltimore Healthcare
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Mid-Atlantic retail landlords are finally starting to be OK with medical uses in their shopping centers, says Health-Pro Realty Group’s Chuck Feitel, catching up to a trend that’s already well-established in the rest of the country. (Who would've thought, a dentist office next to a candy store.) He’s repping a medical tenant about to lease space in a national retail landlord’s Baltimore-area shopping center. That landlord understands that medical use is a service for a neighborhood but also that doctors and dentists are pretty darn creditworthy. Medical tenants themselves are seeking more visible, retail-oriented locations, too, Chuck says, especially the private practices as they try to compete with the major health systems.

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Chuck also recently signed two different MedStar practice groups to 7,500 SF and 3,500 SF in Ellicott City’s Dorsey Hall Medical Center. MedStar now leases a third of the 35k SF building.