REIT acquires 161,000 s.f. research facility on Boston Medical Center campus
By John B. Mugford
Healthcare Trust of America recently added to its large Boston portfolio with the acquisition of the 670 Albany building, an eight-story, 161,000 square foot research facility adjacent to Boston Medical Center in the city’s South End. (Photo courtesy of JLL)
A lot of good things are happening in Boston’s historic South End, a once downtrodden area that one well-known healthcare real estate professional says is now “exploding” with trendy new shops, restaurants and high-end residences.
Helping provide momentum for the area is a four-year, multi-phase $300 million construction project aimed at modernizing and reconfiguring the two-hospital Boston Medical Center (BMC) campus.
Stepping in at the right time to take advantage of this momentum as well the transformation of the BMC is Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA).
The publicly traded real estate investment trust (REIT) recently paid
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