DENTON, TX-Healthcare Trust of America Inc. has acquired twomedical office buildings in North Texas for $13.5 million in anoff-market transaction. The seller was the original developer ofboth buildings, which total nearly 54,000 square feet.
“Texas is a business-friendly state [that] we continue to favorfor portfolio growth,” says Mark Engstrom, executive vice presidentof acquisitions for HTA. “These are well located, stabilizedproperties with strong tenant credit. They are also relatively newassets with significant term remaining on the leases.”
The first building, located in Denton, is a 35,720-square-footfacility located on the campus of Texas Health PresbyterianHospital – Denton. Built in 2000, the three-story single tenantbuilding is 100% leased through 2017 to Texas Health Resources,which operates the 255-bed acute-care, full-service hospital.
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