Small Health Care REIT Makes Sugar Land Commercial Purchase
Healthcare Trust of America Inc. and Mission Cos. enter contract for 12.4 million
2/25/2010 – Sugar Land Commercial Real Estate Market News: Healthcare Trust of America Inc. recently entered into contract to purchase a 60,000 square foot Sugar Land Medical office building located at 15400 Southwest Fwy. S. The medical building was known as Sugar Land Medical Building II and was owned by Mission Cos. The contract had a purchase price of 12.4 million.
Healthcare Trust of America Inc. is buying the building because of the quality of the main tenant, Texas Children’s Health Center who has a lease on 83% of the building until 2019, and the facility’s proximity to three hospitals in Sugar Land.
The closing of this transaction will bring the REIT’s Texas portfolio to 965,000 square feet of medical related facilities. Adding a second building to its Houston portfolio that includes a 52,000 square foot Cypress Station Medical Office Building
.
Sugarland Property For Sale
We're sorry, but it seems that we're having some problems loading MLS data from our database. Please check back soon.