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Healthcare Trust buys Florida Orthopedic buildings

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  • | 9:04 p.m. December 24, 2010
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BUYER: HTA - 13020 Telecom LLC (Healthcare Trust of America Holdings LP), Scottsdale, Ariz.

SELLER: Columbia Temple Terrace LLC

PROPERTY: 13020 Telecom Parkway, Tampa

PRICE: $17.39 million

PREVIOUS PRICE: $1.31 million, June 2002

BUYER: HTA - FL Ortho Institute ASC LLC (Healthcare Trust of America Holdings LP), Scottsdale, Ariz.

SELLER: Florida Orthopaedic Institute Surgery Center LLC

PROPERTY: 13060 Telecom Parkway, Tampa

PRICE: $5.88 million

PREVIOUS PRICE: $1.5 million, August 2000

LAW FIRM ON DEED: Cox Castle & Nicholson LLP, Los Angeles, Calif.

PLANS, DESCRIPTION: Scottsdale, Ariz.-based Healthcare Trust of America Inc. purchased two adjacent medical buildings in Temple Terrace.

Healthcare Trust, a public real estate investment trust, purchased the 82,140-square-foot Florida Orthopedic Institute building for $17.39 million and the nearby 16,660-square-foot Florida Orthopedic Institute Surgery Center for $5.88 million.

The price equated to $212 per square foot for the larger building and $353 per square foot for the smaller surgery center.

The seven-year-old Florida Orthopedic Institute building was purchased as part of a nine-building, Class-A, medical-office portfolio from Albany, N.Y.-based Columbia Development Cos. Healthcare Trust purchased the 960,000-square-foot portfolio for $196.65 million.

A Healthcare Trust spokesperson says the company purchased the surgery center primarily because of its location near the Florida Orthopedic Institute building. The trust plans to use its own management firm to oversee the nine-year-old building.

Healthcare Trust of America has acquired $412.3 million in medical office and health care-related assets since Jan. 1. The REIT's total portfolio covers 9.3 million square feet and includes 191 medical office buildings, six hospitals, nine skilled nursing and assisted living facilities and five other office buildings in 24 states.


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