Navigation Links
Grubb & Ellis Healthcare REIT Acquires Fort Road Medical Building in St. Paul, Minnesota
Date:3/12/2008

SANTA ANA, Calif., March 12 /PRNewswire-FirstCall/ -- Grubb & Ellis Healthcare REIT, Inc. has acquired the Fort Road Medical Building in St. Paul, Minnesota.

Located on approximately one acre of land, the Fort Road Medical Building is a four-story multi-tenant office structure, consisting of approximately 50,000 square feet of gross leasable area. Built in 1981, the building is fully integrated into the United Hospital and Children's Hospital and Clinics of Minnesota -- St. Paul campus, and is connected to nearby hospitals and medical office buildings by underground tunnels. The Fort Road Medical Building is also physically connected to the apartment and condo complex, Irvine Park Towers and Condominiums. The property is currently 90% leased.

"Located in such a thriving area, the Fort Road Medical Building is an excellent addition to our portfolio," said Danny Prosky, Vice President, Acquisitions, Grubb & Ellis Healthcare REIT. "It is also located less than one mile from the Gallery Professional Building, which was acquired by Grubb & Ellis Healthcare REIT approximately one year ago."

Combined, the United Hospital and Children's Hospital and Clinics of Minnesota -- St. Paul campus is an approximate 2,000 bed full-service hospital that serves the Minneapolis and St. Paul communities. The campus includes a 400-stall parking structure directly to the north of the Fort Road Medical Building, which is separately owned and operated.

Grubb & Ellis Healthcare REIT purchased the Fort Road Medical building from Fort Road Associates Limited Partnership, an unaffiliated third party, which was represented by Mark Davis of Davis Real Estate Services Group, LLC. Financing was primarily provided by LaSalle Bank.

As of March 7, 2008, Grubb & Ellis Healthcare REIT has sold approximately 25.8 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for approximately $257 million through its init
'/>"/>

SOURCE Grubb & Ellis Healthcare REIT, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related medicine news :

1. Grubb & Ellis Healthcare REIT Acquires Medical Portfolio 1
2. Grubb & Ellis Healthcare REIT Acquires Park Place Office Park in Dayton, Ohio
3. Grubb & Ellis Healthcare REIT Acquires Chesterfield Rehabilitation Center in Chesterfield, Missouri in a Joint Venture with Duke Realty
4. Grubb & Ellis Healthcare REIT Increases Line of Credit With LaSalle Bank to $80 Million
5. QueensLander Tours Presents an Adventure Boot Camp Cruise with John Spencer Ellis from Bravos The Real Housewives of Orange County
6. National Quality Forum Spring Conference; Leaders in Healthcare Quality to Focus on National Priorities and Care Coordination
7. Northwestern Memorial Hospital, CAPS, and p4ps Host Consumer Forum to Advance Partnerships to Improve Healthcare Patient Safety
8. National Federation of Independent Business Launches Aggressive Campaign to Drive Healthcare Reform: Solutions Start Here
9. BioMarin to Present at the Lehman Brothers Global Healthcare Conference
10. Eleventh Annual Lehman Brothers Global Healthcare Conference to Webcast Millennium Presentation
11. Santa Rosa Healthcare Workers Seek Accountability From Catholic Hospital System

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/21/2009)..., Nov. 21 Tonight, in a...o Senator Reid,s version of the government takeove...items included in this bill; like the public optio...ment funding for elective abortion, which is the m...y the bill provides subsidies for private plans th...
(Date:11/21/2009)...Nov. 21 Milvia Lopez, by her attor...ently filed suit, in Supreme Court, New York Count...ges that while Ms. Lopez underwent a routine trans...S HOSPITAL , doctors used an HIV infected scope ex...hat several hours after being discharged from the ...
(Date:11/21/2009)...November 21, 2009 Test T...est Test Test Test Test Test Test Test,Test Test T...est Test Test,Test Test Test Test Test Test Test T...test More test More test More test More test More ...test More test More test More,test More test , , ...
(Date:11/21/2009)... HAPPYneuron,s most popular and addictive game,...od Touch. , Mountain View...st popular and addictive game, SplitWords, is now ...s is designed to help banish that ,tip of the tong...brain game challenges the brain by encouraging us...
(Date:11/21/2009)... Linwood Group ask whether there is a secret to..., London, UK (PRWEB) Novem...to one in three of the adult UK population drinkin...cohol-related liver disease*, it is hardly a surpr...tation programmes and residential centres for help...
Breaking Medicine News(10 mins):Health News:FRC: Senate Votes to Proceed with Abortion Funding Debacle 2Health News:Patient Files Suit Against St. Vincent's Hospital in New York City as a Result of the Alleged Use by the Hospital of an HIV Infected Device During a Routine Procedure 2Health News:HAPPYneuron releases iPhone Brain Game 2Health News:HAPPYneuron releases iPhone Brain Game 3Health News:Linwood Group Reveal How to Decide whether Alcohol Rehab Centres are a Success or Not 2Health News:Linwood Group Reveal How to Decide whether Alcohol Rehab Centres are a Success or Not 3Health News:Linwood Group Reveal How to Decide whether Alcohol Rehab Centres are a Success or Not 4
..., narration of real life experiences of the fight ... part of events on Monday on the eve of the Intern...ing the spirit of recovery', as the event was call...istry of social justice and empowerment and the Un...
...ressing ahead with its campaign against pollution ...r skeptics might say. It has now come out wi...s one of the "greatest environmental challenge of ...es on land use to halt overgrazing and unsustainab...
...na Capolingua, today welcomed Labors preventative ...ibution to addressing Australias future health ne...ses that Australias ageing population and the incr...kforce in the years and decades ahead. Lab...
...ill discuss health threats in the Asia-Pacific fro...ia from July 2, the World Health Organisation sai...ectly or indirectly to about 77,000 deaths per yea...s and health, and this problem will pose an even g...
... announced plans on Thursday to ban all female cir...toris which just days ago cost the life of a 12-y...ch affects both Muslim and Christian women in Egyp...tem al-Gabali has decided to ban every doctor and ...
...se more deaths in summer because of higher tempera... in milder winters finds an analysis published on...t Medicine. The Harvard researchers analys...ing two-day cold snaps there was a 1.59% increase ...
Other Medicine News:Health News:Puppet Show, Music Gives Message - 'say No to Drugs' 2Health News:Desertification, a Major Threat, Says UN 2Health News:Labor's Preventive Health Care Policy Looks to Address Future Needs 2Health News:Egypt Outlaws All Female Circumcision 2Health News:Death Rates Will Rise Because of Global Warming 2
(Date:11/20/2009)...OLIS, Nov. 20 Biotel Inc... its first quarter ended September 30, 2009 with n...e, on revenues of $3,263,000. This compares to ne..., on revenues of $3,168,000 for the first quarter ...r results, Biotel President and CEO Steve Springro...
(Date:11/20/2009)...IN LAKES, N.J., Nov. 20 ...today announced the completion of its acquisition ...mpany that develops and manufactures molecular dia...May 2009, BD and HandyLab announced an exclusive a...ular assays on the HandyLab Jaguar(TM) platform, t...
(Date:11/19/2009)..., Ireland, Nov. 19 Warner Chilcott...of its previously announced secondary offering of ...e public of $22.25 per share. The selling shareho...artners, DLJ Merchant Banking, J.P. Morgan Partner...ners, L.P., certain other institutional investors ...
Breaking Medicine Technology:Biotel Announced Profitable First Quarter Ended September 30, 2009 2BD Completes Acquisition of HandyLab, Inc. 2BD Completes Acquisition of HandyLab, Inc. 3Warner Chilcott Prices Secondary Equity Offering 2Warner Chilcott Prices Secondary Equity Offering 3Warner Chilcott Prices Secondary Equity Offering 4Clinical Resourcing Firm ASG Changes Name to Ockham 61144 1NOVAVAX to Present at the Influenza Congress USA 2009 61142 1NOVAVAX to Present at the Influenza Congress USA 2009 61142 2Conference of International Experts Calls for a Focus on Well Being and The Person in Health 61140 1Conference of International Experts Calls for a Focus on Well Being and The Person in Health 61140 2Conference of International Experts Calls for a Focus on Well Being and The Person in Health 61140 3
... May 28 Mike Strong, a health minister,for Hallel...vealed his,Prostate Specific Antigen (PSA) was 31 ...s, a biopsy confirmed that he had cancer., His do...move his,prostate and surrounding tissue. He refus... Lupron for one year., The Lupron made him feel e...
...May 27 Bavarian Nordic, the,Danish-based biopharm...ical,study with its HIV vaccine candidate: MVA-BN(...afety and immunogenicity study in 15,HIV-infected ...the United,States. The first safety data is expect... be available during first half of 2009., The MVA...
Other Medicine Technology:Prostate Cancer Treatment Offers Results Without Side Effects 2Prostate Cancer Treatment Offers Results Without Side Effects 3Bavarian Nordic Enters Clinical Trials with HIV Multiantigen Vaccine 2
...ence laboratory and a worldwide leader in innovati...s an extensive test menu of highly complex and uni...gy. Owned by the University of Utah, ARUP Laborato...'s university teaching hospitals and children's ho...
...ence laboratory and a worldwide leader in innovati...s an extensive test menu of highly complex and uni...gy. Owned by the University of Utah, ARUP Laborato...'s university teaching hospitals and children's ho...
...ence laboratory and a worldwide leader in innovati...s an extensive test menu of highly complex and uni...gy. Owned by the University of Utah, ARUP Laborato...'s university teaching hospitals and children's ho...
...ence laboratory and a worldwide leader in innovati...s an extensive test menu of highly complex and uni...gy. Owned by the University of Utah, ARUP Laborato...'s university teaching hospitals and children's ho...
Medicine Products: