Among the recent dispositions by ProMed Properties is the 18-story, 435,352 square foot Market Square building at 3535 Market St., near Drexel University, in Philadelphia, which it sold to HCP Inc. for $140.6 million, or about $323 per square foot.
(Photos courtesy of ProMed Properties)
Israel-based subsidiary sells large building to HCP Inc., 5 MOBs to HTA
By John B. Mugford
It looks as if Scottsdale, Ariz.-based Healthcare Trust of America Inc. (NYSE: HTA) landed even more of a gem from New York-based ProMed Properties Inc. than reported in June.
A couple of months after ProMed sold a six-building medical office building (MOB) portfolio to HTA for $200 million, news emerged in recent weeks that it has sold another five buildings to the publicly listed real estate investment trust for $64.2 million. The buildings compose an outpatient, multi-tenant medical campus in White Plains, N.Y., about 20 minutes outside of Manhattan.
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