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South Fulton Medical Center, Atlantda

(ATLANTA, GA) -- Healthcare Trust of America Inc. has increased its total portfolio to over 500,000 square feet with new acquisitions in Atlanta and Englewood, Co.

In Atlanta, HTA, based in Scottsdale, AZ, paid $19.55 million or $243 per square foot for a 94%-leased, 80,562-square-foot, 338-bed medical office portfolio on the Camp Creek Medical Center campus, about six miles west of South Fulton Medical Center in East Point, Georgia.

In Englewood, CO, HTA bought the 66,339-square-foot, three-story, Class A Hampden Place Medical Center for $18.6 million or $271 per square foot.

Hampden Place Medical Center

Of the Atlanta acquisition, Mark D. Engstrom, Executive Vice President of Acquisitions for HTA, says, "This is an underserved medical submarket and the Camp Creek Medical Center is designed to expand as demand grows."

He adds,  "We are optimistic about the Atlanta medical office marketplace and view this acquisition as a positive step forward in our growth strategy for this specific market."

With this acquisition, Healthcare Trust of America has acquired over 500,000 square feet of medical office space in Georgia, Engstrom says.

Mark D. Engstrom

The acquired medical office buildings were developed by Atlanta-based Ackerman & Co. in affiliation with South Fulton Medical Center. South Fulton Medical was  recently rated 'Best Critical Care in Region' by Healthgrades, a healthcare ratings organization.

The acquired portfolio serves the rapidly-growing area of south metro Atlanta.

In Englewood, the purchased property is just south of Central Denver.

John Smelter, a first vice president and senior director of  Marcus & Millichap's Healthcare Real Estate Group in San Diego, represented  buyer and seller in the transaction.

Adam Christofferson, a first vice president and broker of record for Colorado, also provided representation.

Adam Christofferson

"The property was thoughtfully planned under the direction of Development Solutions Group by the physician owners, in conjunction with the participating hospital system, to facilitate the ongoing profitability and sustainability of the tenant businesses," says Smelter.

Built in 2004 on 2.81 acres, the property is located at 401 W. Hampden Place in Englewood, a few blocks from the Swedish Medical Center and Porter Adventist Hospital campuses in an area known as the Englewood City Center, a city center transit-oriented, mixed-use redevelopment.

Hampden Place Medical Center houses an ambulatory surgery center, medical imaging, physiotherapy and medical offices for orthopedic, hematology-oncology and other physicians.
 

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