NexCore Expands Relationship with NorthBay Healthcare through Acquisitions

After working with NorthBay Healthcare Group on the master planning for their new campus and developing their Administrative Services & Conference Center, NexCore Group acquired three of their medical office buildings in Solano County, Calif.

“One of the reasons we wanted NexCore to handle this acquisition is that we had a very good experience when we worked with them in developing our new Administrative Services & Conference Center,” says Art DeNio, Vice President Chief Financial Officer, NorthBay Healthcare. “Everyone we have met at NexCore has been knowledgeable and ethical and that’s just the kind of company we were looking for to acquire our properties. We look forward to working with NexCore in the future.”

The NorthBay Healthcare MOB portfolio consists of three, on-campus medical office buildings in Solano County, totaling approximately 102,000 square feet. Gateway Medical Plaza and the Solano Diagnostic Building are both located on the NorthBay Healthcare hospital campus in Fairfield, Calif. The third building, VacaValley Health Plaza, is on another NorthBay hospital campus in Vacaville, Calif. 

“When NorthBay agreed to let us acquire these three properties we were glad to continue our relationship,” says NexCore Chief Financial Officer, Bob Gross. “They are a very progressive company, and we’re excited about their expansion plans and the tremendous growth happening in Solano County.”

NexCore has plans to make improvements to the three medical office buildings in the next 18 months, including mechanical upgrades and renovations to the lobbies and public spaces. All three properties are currently 100% leased.

About NorthBay Healthcare
NorthBay Healthcare is a non-profit, community organization based in Solano County, California. They have a nearly 50-year tradition of providing hospital and community services that are offered by no other health care provider in the region. From emergency care to surgery and specialty services like cancer care and high-risk maternity services, thousands of people in Solano County rely on NorthBay Healthcare for advanced and compassionate medical care.