Healthcare

MIDDLETOWN, CONN. — Seavest has acquired two medical office buildings in Connecticut on behalf of one of its private equity investment funds. The two properties are located within Middletown Medical Complex, an outpatient campus owned by nearby Middlesex Hospital. The buildings include a two-story, 33,482-square-foot building located at 520 Saybrook Dr. and a three-story, 30,451-square-foot building located at 940 Saybrook Rd. The buildings are 92 and 96 percent leased, respectively. Middlesex Hospital occupied 26 percent of the space in the two buildings. Concurrent with the sale, Seavest signed a ground lease for the land back with Middlesex Hospital.

PITTSBURGH — Healthcare Trust of America has acquired a Class A medical office building in Pittsburgh for $39 million. The property contains 229,000 square feet over six stories and is located less than a mile from Allegheny General Hospital. It was constructed in 2003. As of January 1, 2011, it will be fully leased for the following 15 years. The seller's name was not released.

NEW YORK AND MASSACHUSETTS — Healthcare Trust of America (HTA) has entered into agreements to acquire a portfolio of nine medical office buildings for $196.64 million. The portfolio, which totals 960,000 square feet of space, consists of properties located in Albany, N.Y.; North Adams, Mass.; and Temple Terrace, Fla. The medical office buildings are located on and off hospital campuses, and include single- and multi-tenant buildings. The average building age is 8 years. The portfolio was 98 percent leased at the time of closing. The seller's name was not released.