Duke Realty Expands Medical Office Portfolio by 1.5M Square Feet

Duke Realty, a nationwide real estate investment trust specializing in the ownership, management and development of industrial facilities, medical office properties and suburban office buildings, has acquired two portfolios of premium medical office assets totaling 1,536,000 square feet.

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Duke Realty’s most recent acquisitions include a seven-building medical office portfolio totaling 334,000 square feet from Harbin Clinic, the largest independent operator of multi-specialty practice clinics in Georgia, and a 14-building medical office portfolio totaling 1,202,000 square feet from Seavest Healthcare Properties, a real estate investment management firm focused on medical office buildings and related outpatient facilities.

With these acquisitions, Duke Realty’s investment in medical office assets is now 15 percent, a goal the company established in 2009 as part of its five-year strategy to reposition its portfolio.

Learn more about Duke Realty.

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