Regions Central Virginia

Richmond-area medical office building included in portfolio sale

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A Richmond-area medical office building is one of 17 structures in seven states recently acquired by a Chicago-based real estate investment firm.

Heitman LLC said Friday that it had acquired the PHT Medical Office Portfolio, which includes 1.4 million square feet of space in Virginia, Texas, Indiana, Illinois, Missouri, New Jersey and North Carolina.

The Forest Medical Plaza in Henrico County was the sole Virginia property on the list. The 91,000-square-foot, four-story building is located at 7611 Forest Ave. near the Forest Campus of Henrico Doctors' Hospital.

The acquisition price for the portfolio and the identity of the seller were not disclosed.

Heitman described the portfolio as including properties located in sought-after, high-population-growth markets. “The majority of the properties were built after 2005 and are affiliated with highly-rated, market-leading, and academic health systems,” the company said.

Denver-based NexCore Group advised Heitman in the acquisition and will provide operating and property management services for the portfolio under a long-term contract.

Founded in 1966, Heitman is a global real estate investment management firm with approximately $39 billion in assets under management.

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