GRUBB & ELLIS HEALTHCARE REIT ACQUIRES THREE-BUILDING MEDICAL OFFICE PARK

DAYTON, OHIO — Grubb & Ellis Healthcare REIT has acquired Park Place Office Park, a three-building medical office park located near Kettering Medical Center in Dayton. The three buildings, Park Place I, II and III, are situated on 8.5 acres and total approximately 133,000 square feet. The property includes a landscaped common area with a pond, water features, benches and walking paths. The office park is 87 percent leased to tenants including Premier Integrated Medical Association, Lincoln Park Surgery Center and Kettering Breast Evaluation. The property was acquired by Grubb & Ellis from Fraze Enterprises, which was represented by Mike Wenzler. The acquisition price was not disclosed.