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Malouf Interests Sells Northpoint Medical Arts Building

Healthcare Trust of America Acquires MOB for $19.8 Million
January 30, 2018
Healthcare Trust of America (NYSE: HTA) purchased the Northpoint Medical Arts building at 12606 Greenville Ave. in Dallas from Malouf Interests for $19.8 million, or about $167 per square foot.

The 118,876-square-foot medical office building was constructed in 1980. The property is approximately 82 percent leased with the Northpoint Cancer Center and Concorde Career College serving as its anchor tenants.

Brian Bacharach of JLL represented Malouf Interests in the sale.

Please see CoStar COMPS #4104214 for more information on this transaction.
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