Transactions - MAY 1, 2017

Duke Realty sells medical office business for $2.8b

by Andrea Waitrovich

Duke Realty Corp. has sold its medical office building assets to Healthcare Trust of America for $2.8 billion.

The portfolio totals 6.6 million square feet of space spread across 71 buildings that are in operation and five that are under construction. It also includes two buildings owned in joint ventures and 16.5 acres of land.

The sale is part of Duke Realty Corp. move to focus exclusively on industrial properties.

The deal is expected to close in stages through the second and third quarters of 2017.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy