JV FORMS TO ACQUIRE 112,000-SQUARE-FOOT REHABILITATION CENTER

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CHESTERFIELD, MO. — The joint venture of Grubb & Ellis Healthcare REIT and BD St. Louis Development, a subsidiary of Duke Realty Corp., has acquired Chesterfield Rehabilitation Center in Chesterfield. The 50-bed, three-story inpatient rehabilitation facility is located 22 miles west of St. Louis, and offers physical, brain and spinal cord rehabilitative services. Philip Mahler and Jeffrey Cooper with New York-based Savills Granite brokered the transaction. The acquisition price was not disclosed.

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