{"id":1004366930,"date":"2019-11-08T03:33:58","date_gmt":"2019-11-08T11:33:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004366930"},"modified":"2019-11-08T03:33:58","modified_gmt":"2019-11-08T11:33:58","slug":"healthcare-realty-trust-buys-suburban-raleigh-mob-for-22m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/healthcare-realty-trust-buys-suburban-raleigh-mob-for-22m\/","title":{"rendered":"Healthcare Realty Trust Buys Suburban Raleigh MOB for $22M"},"content":{"rendered":"
\"Durant<\/a>

Durant Medical Center<\/p><\/div>\n

Wake Internal Medicine Consultants Inc. has sold Durant Medical Center, a 60,000-square-foot Class A medical office building in Raleigh, N.C., to Healthcare Realty Trust Inc. for $21.6 million, according to Yardi Matrix.<\/p>\n

The building is Healthcare Realty\u2019s first purchase in the Raleigh-Durham market, but the REIT has been active nationwide this year, with acquisitions totaling 774,122 square feet across 12 assets. In October, the investor acquired a two-building, 115,000-square-foot medical campus<\/a> near Los Angeles for $61.1 million.<\/p>\n

Located at 10880 Durant Road next to WakeMed\u2019s North Hospital campus, Durant Medical Center is a mile from Interstate 540, 10 miles north of central Raleigh. The three-story building provides tenants 20,000-square-foot floorplates and has a load factor of 15 percent. The 2007-built property includes a walk-in urgent care center and is home to a number of health-care providers, including Raleigh Orthopaedic Clinic, Durant Road Pediatrics and Wake Gastroenterology.<\/p>\n

The sale is the 10th medical office transaction to close this year in the metro, per data from Yardi Matrix. In July, Alex. Brown Realty and Heritage Properties paid nearly $9 million<\/a> for a 72,000-square-foot health-care asset in Cary, N.C.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 60,000-square-foot Class A building opened in 2007 and includes a walk-in urgent care center.<\/p>\n","protected":false},"author":861,"featured_media":1004366933,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,21742,1604],"tags":[36666,36278],"class_list":["post-1004366930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-latest","category-raleigh-durham","tag-healthcare-realty-trust-inc","tag-medical-office-building"],"acf":[],"yoast_head":"\nHealthcare Realty Trust Buys Suburban Raleigh MOB for $22M - 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-realty-trust-buys-suburban-raleigh-mob-for-22m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Healthcare Realty Trust Buys Suburban Raleigh MOB for $22M\" \/>\n<meta property=\"og:description\" content=\"The 60,000-square-foot Class A building opened in 2007 and includes a walk-in urgent care center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/healthcare-realty-trust-buys-suburban-raleigh-mob-for-22m\/\" \/>\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=\"2019-11-08T11:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Durant-Medical-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/healthcare-realty-trust-buys-suburban-raleigh-mob-for-22m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/healthcare-realty-trust-buys-suburban-raleigh-mob-for-22m\/\",\"name\":\"Healthcare Realty Trust Buys Suburban Raleigh MOB for $22M - 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