Loudoun Hospital Center, which owns the Inova Health System, is the sole tenant, using it as its Dulles South Urgent Care Center. Andy Stape, Joe Friedman and Mat Adler of Transwestern's ASSET Investment Sales brokered the sale.

While the medical office sector is experiencing the same credit woes as other sectors in the commercial real estate industry, it does enjoy a built-in pipeline of demand--people get sick no matter what the economy--as well as different financing structures, with the support of state and local governments. DC's demographics--which continue to grow--make the area an attractive destination.

For instance, Richmond, VA-based Forest Medical Plaza, a new building under development on the Forest Campus of Henrico Doctors' Hospital, has 40% of its space already committed in preleases, even with delivery scheduled for April 2009.

In Cumberland, MD, Lauth and Western Maryland Health System have begun construction on a new medical office building that will be integrated with the Western Maryland Health System's new regional medical center. The 120,000-sf office building, which will open in conjunction with the medical center in the fall of 2009, is partly pre-leased to Western Maryland.

Then there is the medical office building that Inova Healthcare Services acquired in Leesburg, VA for $28.75 million. Loudoun Professional Office Development LP, a group of doctors, bought the building in anticipating of occupying some of the space.