Transactions: More HRE Transactions

With the signing of a new tenant to a 20,000 square foot, 10-year lease, Nashville, Tenn.-based Healthcare Realty Trust (NYSE: HR) has taken Hale Pawa’a, the nine-story, 124,000 square foot MOB it developed in Honolulu in 2010, closer to full occupancy. As of October, reports indicated that the MOB in the heart of Honolulu was about 65 percent occupied. By adding another 20,000 square foot tenant, the building would be about 80 percent occupied. The new tenant is Orthopedic Associates of Hawaii, which will move into its new space in late 2013; that space will include an ambulatory surgery center. Orthopedic Associates is currently located in the Physicians Office Building at The Queen’s Medical Center in Honolulu. Hale Pawa’a is in an area rife with medical facilities, including Kapi‘olani Medical Center for Women & Children, Kaiser Permanente’s Honolulu Clinic, Straub Clinic & Hospital and The Queen’s Medical Center.

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