An Alabama-based real estate investment trust is gaining a large footprint in Lauderdale Lakes after making one of the largest commercial buys in Broward County, FL this year, The Real Deal reports.
An affiliate tied to Birmingham-based Medical Properties Trust paid $171 million for a 459-bed hospital property, three office buildings and a medical office mall near the Florida Turnpike in Lauderdale Lakes, records show. The sellers are a consortium that includes Scottsdale, Arizona-based Healthcare Trust of America, Dallas, Texas-based Altera Development Company and Tenet Healthcare.
The deal includes a two-story converted shopping center with 138,103 square feet of medical office space. Read more.
