SEATTLE-Nashville-based REIT Healthcare Realty Trust, recently spent $34.9 million to acquired the First Hill Medical Building.
I comprised of a three story building and a two-story annex, First Hill occupies the block between James and Jefferson streets and Boren and Minor avenues. It is occupied by the Minor & James Medical Group, according to a report in the Puget Sound Business Journal.
The two buildings total nearly 81,720 square feet, and the price equates to $427 a square foot, exceeding recent numbers for larger, more centrally located offices, the Journal says.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
