North Charleston, SC
Total Investment: $75.0 Million
GLA: 290 Thousand SF
1.1% of Invested Dollars
7 Medical Office Buildings
Key Tenants / Affiliations:
Medical University of South Carolina / Roper St. Francis
Charleston is the largest city in South Carolina and is the primary medical center for the eastern portion of the state. The city has several major health systems located in the downtown area including Medical University of South Carolina Medical Center (MUSC) and Roper Hospital. MUSC is the state’s first school of medicine, the largest medical university in the state and the sixth oldest continually operating school of medicine in the United States. The downtown medical district is experiencing rapid growth of biotechnology and medical research industries coupled with substantial expansions of all the major hospitals. East Cooper Regional Medical Center, located in Mount Pleasant also serve the needs of residents of the city of Charleston.
Charleston has been rated in the top 10 percent of areas for economic health by Demographics Daily and Inc.com recently ranked Charleston as the “6th Best Midsized City for Doing Business” in the nation. Forbes listed the Charleston Metro area as the 26th “Best Places for Business and Careers.”
HTA has seven medical office buildings in the Charleston market. The acquisition of the MUSC MOB continues HTA’s focus on investing in key markets with leading healthcare providers and leading medical universities. MUSC utilizes the property as a multi-disciplinary medical center which serves the growing area between North Charleston and Summerville. Specific services range from primary care and ENT, to radiology and cardiology, to surgical uses including neurologic, orthopedic, oncology and plastic, among others.
Mount Pleasant, SC