Financial Clarity Corp. sold the 91%-leased, two-story Liberty Falls building, located close to State Route 129 and Interstate 75. LaSalle Bank and KeyBank provided financing. The facility was built specifically to serve nearby medical campuses, said Danny Prosky, VP of acquisitions for the REIT, in a statement. He did not return calls for comment.
The 230,000-sf Liberty Campus is supposed to open in August, Prosky said in the statement. The facility will include eight outpatient operating rooms, a pediatric emergency department and 12 short-stay observation beds, as well as radiological capabilities and testing and therapy offices. The lease rate at the building is $16.40 per sf, according to the Butler County Alliance.
The REIT has sold about 25.9 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for about $259 million through its initial public offering. The trust has made 21 acquisitions for about $462 million, including another recent purchase, the 95% occupied, 34,000-sf Epler Parke Building B medical campus in Indianapolis.
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