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Windrose Antes Up $46M for Biltmore Medical Mall

PHOENIX-Windrose Medical Properties is holding the deed to its largest asset in the specialty medical portfolio: 152,600 sf of class A space. Built six years ago, the 222 E. Highland Ave. property was 99.7% leased at sale time.

By Jennifer D. Duell | Updated on September 21, 2004

PHOENIX-Windrose Medical Properties has acquired the Biltmore Medical Mall for $46 million. The class A, four-story building at 222 E. Highland Ave was sold by Biltmore Investors LP, a local development group.

The 152,600-sf, multi-tenant medical office building, built in 1998, is located in the Camelback Corridor, one of the fastest growing submarkets in the Valley. The building is now the largest individual asset in the REIT’s specialty medical property portfolio.

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