Healthcare Trust of America to acquire medical office building for $10,775,000

Dec 18 2009

Healthcare Trust of America, Inc. ("HTA"), a self-managed, non-traded, real estate investment trust, announced the execution of a purchase and sale agreement to acquire a medical office building located in Jacksonville, Florida for approximately $10,775,000. The closing of the acquisition is subject to the satisfaction of a number of conditions.

The 53,169 square foot King Street Medical Office Building is 100% occupied and houses the Gary and Nancy Chartrand Heart & Vascular Center. The medical office building sits on the campus of St. Vincent's Medical Center and is connected via sky bridge to the hospital and parking structure. St. Vincent's is a 528 bed medical center located on the shore of the St. Johns River in Jacksonville, Florida.

"Healthcare Trust of America, Inc. is proud to be associated with hospitals, physicians, and programs such as these," said Mark D. Engstrom, Executive Vice President of Acquisitions for HTA. "This is an expansion of our existing presence in the Jacksonville marketplace and we look forward to future growth in this market."