PITTSBURGH-Healthcare Trust of America, Inc. picked up the191,612-square-foot Federal North medical office building inPennsylvania's second-largest city for approximately $40.5million.

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The class A asset--which is 99% occupied with a mix of long-termtenants--is located within two blocks of the 724-bed AlleghenyGeneral Hospital, the flagship hospital in the West Penn AlleghenyHealth System, the latter of which accounts for more than 25% ofthe patient market share here and in the surrounding five-stateregion.

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"This acquisition is consistent with our long-term strategy ofacquiring high quality medical office buildings in key markets,which are affiliated with strong healthcare systems," says Mark D.Engstrom, executive vice president of acquisitions for theScottsdale, AZ-based non-traded REIT. To his point, during the pastdecade, Pittsburgh has added nearly 4,000 jobs each year in thehealthcare industry.

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"AGH or its affiliates lease 85% of the building with an averageremaining lease term in excess of 10 years, making this locationintegral to AGH's delivery of outpatient care," Engstrom tellsGlobeSt.com. "In completing our tenth acquisition for 2010, we willcontinue to apply and leverage our balance sheet and liquidity toprudently grow our portfolio and maximize shareholder value."

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