Total Investment: $85.0 Million
GLA: 147 Thousand SF
Key Tenants / Affiliations:
Children’s Hospital LA, AltaMed Health, UCLA Health, Providence (House Ear Institute)
Los Angeles, CA
Third Street Medical Center is a Class A MOB located in the dynamic downtown Los Angeles submarket, an area undergoing tremendous growth and re-development. Demand for medical space within this submarket is strong, with vacancy of less than 4%. The tenant roster includes some of the leading healthcare providers in Southern California.
With this acquisition, HTA’s investment in the greater Los Angeles/Orange County market now totals more than $325 million with over 700,000 square feet of GLA. This allows for increased scale and efficiencies, allowing for an expansion of HTA’s property management and building services platform.