Thomas Park Investments Recent Acquisition Now 100 Percent Occupied
ANNAPOLIS, Md. (August 17, 2021) – Thomas Park Investments (TPI) announces Annapolis Pediatrics as its newest tenant for Magothy Medical Professional Center at 18 Magothy Road in Pasadena, Maryland. TPI purchased the property in December 2020 and the Annapolis Pediatrics lease brings the building to 100 percent capacity.
The lease represents an expansion for Annapolis Pediatrics into the Pasadena/North Anne Arundel County area, the sixth area location for the practice. Annapolis Pediatrics joins other Magothy Medical Professional Center tenants Annapolis OBGYN and Annapolis Rheumatology.
“Annapolis Pediatrics has been an excellent tenant for TPI at two other locations, and we’re excited to add them to Magothy Medical Professional Center,” says EJ Rumpke, TPI’s chief executive officer.
“We’re pleased to expand our reach and provide the northern Anne Arundel County community with more convenient access to our exceptional pediatricians and pediatric nurse practitioners,” says Jim Rice, MD, president of Annapolis Pediatrics. “The addition of our Pasadena location further supports our commitment to family-centered healthcare.”
Dr. Rice adds, “Thomas Park Investments has been a great partner for us, providing high-quality facilities that provide easy access for our patients.”
Rosso Commercial Real Estate represented TPI in this transaction. Annapolis Pediatrics is leasing just under 50 percent of the building and plans to open their doors in Pasadena this winter.
“Our lender, PeoplesBank, was instrumental in supporting our vision for this property,” says Alex Kopicki, TPI’s chief investment officer.
In addition to the Magothy Medical Professional Center location in Pasadena, Annapolis Pediatrics is a tenant of TPI properties in Annapolis, at 200 Forbes Street, and Severna Park, at 877 Baltimore Annapolis Boulevard.
About Thomas Park Investments
Focused exclusively on healthcare real estate, Thomas Park Investments (TPI) is the fastest growing private equity real estate firm in its specialty within the mid-Atlantic. Founded in 2019, TPI’s leadership offers more than 25 years of commercial real estate experience and manages nearly 300,000 square feet of medical office capacity. The Annapolis, Maryland-based firm is on a fast-paced trajectory to complete $100 million of medical office building acquisitions in 2021. For more information, visit thomas-park.com.
About Annapolis Pediatrics
For over 70 years Annapolis Pediatrics has provided superior healthcare to the infants, children, adolescents, and young adults in Annapolis and surrounding communities. We commonly care for children of former patients and are proud of the outstanding level of continuity of care Annapolis Pediatrics provides. Our mission is “Working Together. Exceptional Care. Every Child.” For more information, visit annapolispediatrics.com.