HEALTHCARE TRUST BUYS MICHIGAN MEDICAL OFFICE BUILDING FOR $51.3M

NOVI, MICH. — Healthcare Trust of America (HTA) has purchased a 203,000-square-foot, on-campus medical office building in Novi for $51.3 million. The St. John Providence medical office building is connected directly to the Providence Park Hospital via an enclosed walkway. Developed and owned by a group of independent physician investors since 2007, the building is currently 99 percent leased. The addition of the asset increases HTA's presence into 26 states.