Physicians Realty Trust acquires outpatient cancer care facility for $30.25 million
By John B. Mugford
The 72,022 square foot Medical Arts Center at The Hartford HealthCare Cancer Institute in Plainville, Conn., about 15 minutes outside of Hartford, is now owned by Physicians Realty Trust, which paid $30.25 million for the medical office building (MOB). (Photo courtesy of HFF)
At 95 percent occupied and sitting on the outpatient campus of a prestigious cancer institute in the Northeast, the two-year-old Medical Arts Center at The Hartford HealthCare Cancer Institute in Plainville, Conn., looked to be a lock to attract strong interest when offered for sale.
And that it did, with a wide range of investors of various types pursuing the medical office building (MOB).
As it turned out, however, the new owner is
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