HSA COMMERCIAL REAL ESTATE PURCHASES 2ND INDIANAPOLIS MEDICAL OFFICE BUILDING
January 7, 2005
(Chicago – January 7, 2005) Robert E. Smietana, Vice Chairman and CEO, HSA Commercial Real Estate, announced that the firm's Prime Care health care real estate services group has purchased a 50,000-square foot medical office building at 8330 Naab Road in Indianapolis , Indiana . This marks the firm's 2 nd medical office building acquisition in Indiana 's capital city, following last year's purchase of the North Meridian Medical Center.
The Naab Road Medical Office Building is well-located on the St. Vincent Hospital Campus which is within a growing and prominent medical community. It is considered a highly desirable location for medical office users affiliated with this hospital network.
“This property is located in a thriving and growing medical community,” commented Smietana. “Doctor-patient ratios are considered healthy and not oversupplied, as evidenced by the overall strong desirability of the area for new and expanding medical practices and the building has historically been well leased, all of which attracted HSA to this property.”
This acquisition brings HSA's medical facility portfolio to over 365,000-square feet in three states, including 3 new medical office buildings the firm has developed in the Chicago suburbs. Colliers Turley Martin Tucker (CTMT) has been named the exclusive leasing agent for the property and HSA and CTMT will co-manage the property. Melissa Pielet, executive vice president of the firm's finance brokerage division, arranged the financing for this purchase with National City Bank.
Celebrating more than 24 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. The firm and its principals have developed and acquired more than 30 million square feet of commercial real estate with total consideration in excess of $1.5 billion, its brokerage divisions have completed more than 6,500 transactions in over 30 states representing both owners and tenants, while the asset management division currently manages a property portfolio in excess of 18 million square feet.
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