An Arizona real estate investment trust has paid $16.65 million for a Raleigh medical office building.
Healthcare Trust of America purchased the 89,000-square-foot Raleigh Medical Office building at 3100 Duraleigh Road.
The seller was Craig Davis Properties, which paid $10.2 million for the property in 2006.
The three-story building, located two blocks from Rex Hospital, is 91 percent leased.
The building's largest tenants are Wake Research Associates, Triangle Orthopedic Associates, P.A. and Carolina Ear and Hearing Clinic are the largest tenants.
Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or 
