News Release: HSA PrimeCare Completes Sale of 23,000 SF Indianapolis Medical Office Building to Multi-Specialty Surgery Center

CHICAGO (March 20, 2014) — HSA PrimeCare, the national health care real estate division of Chicago-based HSA Commercial Real Estate, announced today that the firm has completed the sale of the North Meridian Medical Center at 10601 North Meridian Street in Indianapolis, Ind. The 23,000-square-foot facility, located at the intersection of 106th Street and Meridian Street at the gateway of the North Meridian Medical Corridor, was purchased by Carmel Medical Office Building LLC, an affiliate of Multi-Specialty Surgery Center. The surgery center affiliate is a tenant of the building seeking to expand its current practice.

Built in 1981 and remodeled in 1993, North Meridian Medical Center is a two-story, off-campus medical office building located approximately twelve miles north of Indianapolis’ central business district. The property is less than one mile south of the 170-bed Indiana University Health North Hospital. The North Meridian Medical Center is also adjacent to the St. Vincent’s Heart Center of Indiana and is less than three miles north of the 776-bed St. Vincent Indianapolis Hospital, which is St. Vincent Health’s flagship facility.

Robert Titzer, executive vice president with HSA PrimeCare, represented the seller in the transaction.

About HSA PrimeCare

HSA PrimeCare partners with some of the leading health care institutions in the nation to create development, project management, leasing, monetization, and property management real estate solutions that address the needs of today’s patients while satisfying the financial goals of the health care provider. A leading developer and manager of medical office buildings in the Midwest, HSA PrimeCare is responsible for a management portfolio of health care properties in excess of 1,000,000 square feet.

About HSA Commercial Real Estate

Founded in 1981, Chicago-based HSA Commercial Real Estate is a diversified, full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. Along with developing and acquiring more than 50 million square feet of commercial real estate across the United States, with a total consideration in excess of $2.5 billion, HSA Commercial Real Estate has represented owners and tenants in more than 10,000 transactions in 43 states; manages a property portfolio in excess of 16 million square feet in locations across the nation; and owns more than 16 million square feet of commercial property in 14 states.

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