Healthcare Trust of America Inc. (HTA) announced that on March 11, 2013, it acquired the Forest Park Tower in Dallas, Texas for approximately $48.7 million. The Tower is a 130,000 square foot class A medical office building built in 2010 and located on Forest Park Medical Center's - Dallas campus.
The Tower was 100% leased at closing, with a mix of Forest Park and individual physician tenancy. Forest Park is a leading health system consisting of physician-owned hospitals located throughout Texas. The Dallas campus is strategically located in the North Dallas medical community. Forest Park also operates a hospital in Frisco, Texas, and has several additional hospitals under development.
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