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PITTSBURGH-Healthcare Trust of America, Inc. picked up the 191,612-square-foot Federal North medical office building in Pennsylvania’s second-largest city for approximately $40.5 million.

The class A asset–which is 99% occupied with a mix of long-term tenants–is located within two blocks of the 724-bed Allegheny General Hospital, the flagship hospital in the West Penn Allegheny Health System, the latter of which accounts for more than 25% of the patient market share here and in the surrounding five-state region.

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