Industry
Healthcare Real Estate
Target Company
Gastrointestinal Associates
Buyer/Investor
Physicians Realty Trust

Client Description:

The Property is a premier medical office building with ASC in Powell, TN. Opened in 1986, the state-of-the-art surgery center was the first accredited ASC in the country and is strategically located just off TN State Route 131 and I-75. The Property is highly visible and is located adjacent to North Knoxville Medical Center, a new full-service hospital. The Building is located in a strong medical corridor with a number of surrounding clinical facilities including North Knoxville Medical Center, and this concentration of medical services in the Knoxville suburb warrants long term stability and rental rates for the Property.