HIGHWOODS PROPERTIES BUYS THREE BUILDINGS IN GREENSBORO FOR $29.68M
By John Mugford
Highwoods Properties Inc. recently acquired the three-story, 70,000 square foot Church Street Medical I in Greensboro, N.C., for $17.14 million
Photo courtesy of Duke Health
In a further indication that investor demand for healthcare real estate is coming from a variety of sources – including buyers not previously heavily involved in the space – a name that is unfamiliar in healthcare real estate circles recently landed a portfolio of three medical office buildings (MOBs) for $29.68 million in Greensboro, N.C.
The buyer is Raleigh, N.C.-based Highwoods Properties Inc. (NYSE: HIW), a publicly traded real estate investment trust (REIT) with a portfolio that composes full or partial ownership of 338 in-service office, industrial and retail properties with a total of 34.6 million square feet of space. It also owns 581 acres of development land.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
Comments are closed, but trackbacks and pingbacks are open.