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Thursday, May 24, 2012 Office
Grubb & Ellis Healthcare REIT has acquired the Oklahoma City Medical Portfolio on the Deaconess Hospital campus for $29.25 million from Deaconess Portland MOB, LP. The seller was represented in the deal by Toby Scrivner and Jeff Matulis with Stan Johnson Co. while Grubb & Ellis was self-represented. The portfolio contains two buildings -- 5401 and 5701 N. Portland Ave. -- with 187,000 square feet. The 5701 property was built in 1991 and sits on a 0.70-acre lot. The three-story medical office building is connected the Deaconess Hospital and is 86 percent leased to 17 tenants. The 5401 building is a six-story office property that was built in 1996 and expanded in 2007. It contains 126,000 square feet and is 96 percent leased to 16 tenants. "These buildings are positioned in an excellent location on a busy hospital campus, making them particularly attractive additions to the Grubb & Ellis Healthcare REIT portfolio," said Danny Prosky, executive VP of Acquisitions for Grubb & Ellis Healthcare REIT. Address: 5401 & 5701 N. Portland Ave., Oklahoma City, Okla. Size: 187,000 square feet Built: 1991,1996 Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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