Healthcare: HTA REIT To Buy Medical Office in Spartanburg
Mary Black Bldg. on Skylyn Drive To Sell for Nearly $16.3 Million
Healthcare Trust of America Inc. signed an agreement to acquire the 108,500-square-foot Mary Black Medical Office Building, at 1650 Skylyn Drive, on the campus of the Mary Black Memorial Hospital in Spartanburg, SC. The sale price is set at $16.25 million, or about $150 per square foot, and the closing of the acquisition is subject to a number of conditions. Mary Black Health System LLC is the seller.
Mary Black Health System leases 65 percent of the three-year old medical office building on a long-term. It operates approximately 209 acute licensed beds and currently has approximately 386 active physicians on the medical staff.
“This acquisition allows us to continue the growth we started in the South Carolina marketplace in September with a strategically located on-campus property that has significant tenant occupancy”, said Mark D. Engstrom, the REIT’s executive vice president of acquisitions.
By Arlethia Goines for CoStar
