GRUBB & ELLIS HEALTHCARE REIT II TO ACQUIRE MOB COMPLEX IN MINNESOTA

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SARTELL, MINN. — Grubb & Ellis Healthcare REIT II has entered into an agreement to acquire the Center for Neurosurgery and Spine, a two-building, 36,600-square-foot medical office complex located at 162 19th St. South in Sartell. Build in 2006 and situated on 3.7 acres, the property is fully leased to five tenants, including Central Minnesota Neurosciences, the Center for Pain Management and Central Minnesota Center for Diagnostic Imaging. Terms of the acquisition agreement were not released.

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