Bioscience

Healthcare Trust of America, Inc. and Plaza Companies form alliance

March 26, 2010

By Flinn Foundation

[Source: Fax Business News] – Healthcare Trust of America, Inc. (HTA) and Plaza Companies have formed an alliance on more than 641,000 square feet of high-profile medical office buildings in Sun City and Sun City West communities in the Northwest Phoenix area.

Scottsdale-based HTA purchased the portfolio of medical office buildings — known to local residents as being part of the former Sun Health System — in December of 2009. The 17-property portfolio represents a large chunk of the Northwest Phoenix area’s health care infrastructure.

HTA has reached agreement with Peoria-based Plaza Companies to provide property management and leasing services for the portfolio, and Plaza Companies will also work with HTA on a capital improvement program for the properties.

For more information: Healthcare Trust of America, Inc. and Plaza Companies Form Alliance on Large Medical Office Portfolio in Northwest Phoenix