Built in 1975 and renovated in 1990, West Bay Surgery Center is a single-story, medical office building totaling approximately 15,000 square feet of gross leasable area. Located in Largo, Florida, the property is situated on the LMC campus and is 100 percent leased. West Bay Surgery Center performed nearly 7,000 surgeries in 2004.
Brandon Medical Plaza is a single-story medical office building totaling in Brandon, Florida that offers approximately 42,000 square feet of gross leasable area. Built in 1997, the property is located on the campus of Brandon Regional Hospital (BRH) and is currently 97 percent leased. The major tenant is BRH, which currently occupies nearly 46 percent of the total leasable space of the building. Brandon Medical Plaza offers a variety of diagnostic and rehabilitation services, including MRI, CT, mammography, ultrasound, nuclear medicine and radiology.
Built in 1995, Central Florida SurgiCenter is a single-story medical office building totaling approximately 10,000 square feet of gross leasable area in Lakeland, Florida. The center provides a variety of surgical procedures, including ophthalmology, plastic surgery, gastrointestinal and urology. Central Florida SurgiCenter is 100 percent leased to Surgicare of Central Florida, Ltd.
Grubb & Ellis Healthcare REIT purchased Medical Portfolio 1 from TST Overland Park, L.P., TST Tampa Bay, Ltd., TST Largo ASC, Ltd., TST Brandon, Ltd. and TST Lakeland, Ltd., all of which were advised by Michael Davis and Joe Dominguez of Cain Brothers. Financing was primarily provided by Wachovia Bank, National Association.
As of January 18, 2008, Grubb & Ellis Healthcare REIT has sold
approximately 22.1 million shares of its common stock, excluding the shares
issued under its distribution reinvestment plan, for more than $220 million
|SOURCE Grubb & Ellis Healthcare REIT, Inc.|
Copyright©2008 PR Newswire.
All rights reserved