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Healthcare Trust Acquires MOBs for $20M

ATLANTA-The two buildings, totaling at least 80,000 square feet, are near South Fulton Medical Center.

By Carl Cronan | Updated on March 04, 2010

Atlanta

Two medical office buildings with 80,562 square feet at Camp Creek Medical Center have been purchased by Scottsdale, AZ-based Healthcare Trust of America Inc. for $19.6 million, or $243 per square foot. The buildings, which are 97% leased, were developed by Ackerman & Co. in affiliation with South Fulton Medical Center, owned by Tenet Healthcare Corp. Justin Parsonnet and Lee Asher with CB Richard Ellis represented the sellers. HTA has also agreed to buy a 60,800-square-foot MOB near East Cooper Regional Medical Center in Mount Pleasant, SC from Tenet for $10 million, or $164 per square foot.

Speakeasy LLC, a communications consulting firm, has leased 13,000 square feet in the new Phipps Tower office building. Jim Devaney of NAI Brannen Goddard represented the tenant; John Bell and Sara Smith of Crescent Resources represented landlord Manulife Financial.

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