Healthcare Trust of America Inc. in September invested $28 million to acquire a 91,000 square foot medical office in Frisco.
The office, built in 2012 and attached to Forest Park Medical Center, was 100 percent leased at closing, according to a company statement.
“We are happy to announce another acquisition of a class A, on-campus medical office building from affiliates of Forest Park Medical Center,” Chairman and CEO Scott D. Peters said. “Texas continues to be a focus area for HTA. The state’s strong employment growth and a business friendly regulatory environment help create a dynamic environment for healthcare providers and their associated real estate.”
The Frisco building is the third medical office HTA has acquired from affiliates of Forest Park.
HTA now has more than 1.7 million square feet of office space in Texas, with about 700,000 square feet in the Dallas metro area.
With the Frisco purchase, HTA will have invested about $179 million in 2013.
Since its formation in 2006, HTA has built a portfolio of properties that totals about $2.8 billion and is composed of about 13.6 million square feet of gross leasable area located in 27 states.
Healthcare Trust of America is a full-service real estate company that acquires, owns and operates medical office buildings generally aligned with nationally recognized healthcare systems such as Forest Park.