{"id":1004036625,"date":"2012-02-16T09:37:47","date_gmt":"2012-02-16T17:37:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004036625"},"modified":"2022-12-03T21:29:40","modified_gmt":"2022-12-04T05:29:40","slug":"healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/","title":{"rendered":"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan"},"content":{"rendered":"

February 16, 2012<\/strong>
\nBy Barbra Murray, Contributing Editor<\/em>
\n\"\"<\/a><\/p>\n

Healthcare Trust of America Inc. expands its presence to 26 states with the acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich. HTA plunked down just over $51.3 million in cash to purchase the five-year-old building from a group of independent physician investors.<\/p>\n

Carrying the address of 26850 Providence Parkway, St. John Providence MOB is physically linked to the Providence Park Hospital, which is operated by the St. John Providence Health System. The tenant roster at the five-story building is near maximum capacity, with an occupancy level of 99 percent. Tenants include offices of Providence Park Hospital, offices of the physicians who developed the property and other medical practices.<\/p>\n

HTA purchased the MOB in an off-market transaction, relying on what the REIT describes as its “strong healthcare industry relationships.\u201d And such relationships are becoming increasingly valuable for any investor eager to snap up premier MOBs in the current climate. “The most price competitive healthcare investors — public REITs and institutional investors — were faced with a dearth of the highest quality product as on-campus medical office in core locations were rarely available from hospital sellers or the small number of investor owners,” a fourth-quarter report by commercial real estate services firm Jones Lang LaSalle Inc. noted.<\/p>\n

HTA, which added 118,000 square feet to its portfolio with the acquisition of a two-building medical office complex in Phoenix late last year, is among the top investors in medical properties, having finished 2011 second in line behind Grubb & Ellis Healthcare REIT II and ahead of American Realty Capital Healthcare Trust. Together, the three REITs shelled out in excess of $500 million for property purchases last year, or roughly 30 percent of the total $1.8 billion in MOB acquisitions, as per the report.<\/p>\n","protected":false},"excerpt":{"rendered":"

Healthcare Trust of America Inc. expands its presence to 26 states with the $51.3 million acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich.<\/p>\n","protected":false},"author":1201,"featured_media":1004038885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,21754,13,21742],"tags":[],"class_list":["post-1004036625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-medical-office","category-midwest","category-latest"],"acf":[],"yoast_head":"\nHealthcare Trust Acquires 203 KSF Medical Office Building in Michigan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan\" \/>\n<meta property=\"og:description\" content=\"Healthcare Trust of America Inc. expands its presence to 26 states with the $51.3 million acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-16T17:37:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T05:29:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-St.-John-Providence-Michigan.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan\",\"datePublished\":\"2012-02-16T17:37:47+00:00\",\"dateModified\":\"2022-12-04T05:29:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/\"},\"wordCount\":307,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/021612-St.-John-Providence-Michigan.jpg\",\"articleSection\":[\"Featured\",\"Investment\",\"Medical Office\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/\",\"name\":\"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/021612-St.-John-Providence-Michigan.jpg\",\"datePublished\":\"2012-02-16T17:37:47+00:00\",\"dateModified\":\"2022-12-04T05:29:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/021612-St.-John-Providence-Michigan.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/021612-St.-John-Providence-Michigan.jpg\",\"width\":\"500\",\"height\":\"270\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\",\"name\":\"Nicholas Ziegler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g\",\"caption\":\"Nicholas Ziegler\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/nicholasziegler\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/","og_locale":"en_US","og_type":"article","og_title":"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan","og_description":"Healthcare Trust of America Inc. expands its presence to 26 states with the $51.3 million acquisition of a 203,000-square-foot medical office building sited on a 200-acre medical campus 30 miles outside of Detroit in Novi, Mich.","og_url":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-02-16T17:37:47+00:00","article_modified_time":"2022-12-04T05:29:40+00:00","og_image":[{"width":500,"height":270,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-St.-John-Providence-Michigan.jpg","type":"image\/jpeg"}],"author":"Nicholas Ziegler","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/"},"author":{"name":"Nicholas Ziegler","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"headline":"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan","datePublished":"2012-02-16T17:37:47+00:00","dateModified":"2022-12-04T05:29:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/"},"wordCount":307,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-St.-John-Providence-Michigan.jpg","articleSection":["Featured","Investment","Medical Office","Midwest","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/","url":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/","name":"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-St.-John-Providence-Michigan.jpg","datePublished":"2012-02-16T17:37:47+00:00","dateModified":"2022-12-04T05:29:40+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-St.-John-Providence-Michigan.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-St.-John-Providence-Michigan.jpg","width":"500","height":"270"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/healthcare-trust-acquires-203-ksf-medical-office-building-in-michigan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Healthcare Trust Acquires 203 KSF Medical Office Building in Michigan"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/ff3a837f33daecfcf8978b405eaae20c","name":"Nicholas Ziegler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/70e28229c24dc3cf14fac93ebb7647505c7519b301aa20c8f635957a4e8a8a66?s=96&d=mm&r=g","caption":"Nicholas Ziegler"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/nicholasziegler\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021612-St.-John-Providence-Michigan.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004036625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1201"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004036625"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004036625\/revisions"}],"predecessor-version":[{"id":1004616133,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004036625\/revisions\/1004616133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004038885"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004036625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004036625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004036625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}