October 13, 2016
Healthcare Realty Trust struck a deal with Foulger-Pratt to acquire the 103,500-square-foot Inova Loudoun II, a Class A medical office building on Inova Loudoun Hospital’s campus at 44035 Riverside Pkwy. in Leesburg, VA. The off-market transaction’s sales price was not disclosed, but the Loudoun County Assessor appraised the 10-year-old asset at $33 million.
“Core medical office assets seldom trade in the Washington, DC market, making this 100% leased on-campus, multi-tenant property in affluent and fast-growing Loudoun County a particularly desirable transaction,” said Jim Kornick with Avison Young, who represented the seller with colleagues Chip Ryan, Mike Wilson, Erik Foster and Mark Johnson.
Foulger-Pratt delivered the medical office building in 2005. The asset attaches to Inova Loudoun Hospital.
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