Transactions: JV of Plaza Cos., USAA sells large, on-campus MOB in Phoenix for $28.3 million

PHOENIX — A joint venture of Peoria, Ariz.-based Plaza Cos. and San Antonio-based USAA Real Estate Co. recently sold what is being called a “signature” medical office building (MOB) in Phoenix for $28.3 million.

The buyer of the five-story, 104,000 square foot Paradise Valley Medical Plaza is New York-based American Realty Capital (ARC) Healthcare Trust (NASDAQ: HCT), a publicly traded real estate investment trust (REIT) in the process of being acquired by Chicago-based Ventas Inc. (NYSE: VTR).

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