PITTSBURGH-Healthcare Trust of America Inc. has acquired anoffice building here for around $39 million. The Allegheny GeneralHospital Building, as it’s known, is a 229,000-square-foot, class Aoffice building, which is located less than one mile from theactual hospital itself.
AGH--the flagship hospital in the West Penn Allegheny HealthSystem--is a 724-bed academic center that has been open since 1885.The AGH Building is also located adjacent to PNC Park, home of thePittsburgh Pirates, and along the shore of the Allegheny River.
The six-story, multi-tenant building was constructed in 2003 andincludes a 100-space subterranean parking structure. Upon close,the AGH Building is approximately 91% leased and will be 100%leased for 15 years beginning Jan. 1, 2011.
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