Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JACKSONVILLE-Healthcare Trust of America continues its year-end buying spree, signing an agreement to acquire the 53,169-square-foot King Street Medical Office Building. The Scottsdale, AZ-based REIT will pay approximately $10.7 million for ownership rights of the 100%-leased asset.

The building at 1 Shircliff Way on the St. Vincent Medical Center campus, houses the Gary and Nancy Chartrand Heart & Vascular Center. It connects to the 528-bed St. Vincent’s Medical Center by a sky bridge. The hospital itself is on the shore of the St. Johns River.

“This is an expansion of our existing presence in the Jacksonville marketplace and we look forward to future growth in this market,” said HTA’s executive vice president of acquisitions Mark D. Engstrom in a statement announcing the transaction. Engstrom could not be reached for comment by deadline.

Local developer Batson-Cook Co. broke ground on the King Street Medical Office Building in 2005 at a cost of approximately $4.5 million. An article on Batson-Cook’s website indicated the construction was a collaborative effort between the developer and St. Vincent’s Health System.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.