07/16/2009

Greenville Hospital System selling buildings for $161 Million

 

The State, Columbia, S.C.

July 16, 2009

Jul. 16--A California investment firm will buy 16 buildings from Greenville Hospital System for $161.6 million.

Grubb & Ellis Healthcare REIT Inc. is buying about 855,000 square feet of office space on or near to four Greenville's hospital campuses.

Greenville Hospital System will continue to occupy almost all of the space under a long-term lease agreement.

"It provides us with high quality performing assets, and in addition provides us with the opportunity to develop and/or acquire additional medical buildings as Greenville expands its first class health system," Scott Peters, chief executive officer and president of the REIT, said in a statement.

Grubb & Ellis Healthcare REIT said it owns 119 medical office buildings, four hospitals, 12 skilled nursing- and assisted-living facilities and three other office buildings in 19 states.

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Copyright (c) 2009, The State, Columbia, S.C.

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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Bluebeam® Revu® simplifies digital facilities document management from design review to leveraging as-builts, maintenance manuals and O&Ms submittals.

 


 
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