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Easterly Authorities Properties, in a three way partnership with a world investor, has accomplished the acquisition of a 69,276-square-foot medical workplace constructing leased to the Division of Veterans Affairs in Corpus Christi, Texas. The property is the ninth facility to be bought in a beforehand introduced portfolio transaction during which U.S Federal Properties Co. was the vendor.
The three way partnership was created in October 2021 for the acquisition of a 1.2 million-square-foot portfolio consisting of 10 outpatient clinics leased to the VA for 20 years, on common. The group of belongings, buying and selling for a complete of $635.6 million, encompasses Class A amenities positioned in a number of states throughout the U.S, corresponding to Texas, Tennessee, Kansas, Georgia, Alabama, Arizona and Florida.
The Corpus Christi facility is a two-story constructing that had Two Inexperienced Globes Certification pending on the time of the portfolio sale announcement. The clinic affords varied companies corresponding to audiology, psychological well being, pathology, radiology and homeless care.
The 6.3-acre property is close to U.S Route 358 at 925 S. Padre Island Drive, some 8 miles from downtown Corpus Christi. Different medical amenities within the surrounding space embrace Driscoll Youngsters’s Hospital, Saratoga Medical Middle, Conviva Care Middle and Physicians Plaza East, amongst others.
Easterly owns a complete of 87 belongings totaling 8.6 million sq. ft. In late 2022, the REIT bought a portfolio of Class A business properties leased to the U.S authorities businesses for a complete of $205.3 million.
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