CHARLOTTE, N.C. /PRNewswire-FirstCall/ -- Cogdell Spencer Inc. (NYSE:CSA) has acquired East Jefferson Medical Plaza located in Metairie, Louisiana for approximately $19.8 million, inclusive of transaction costs.East Jefferson Medical Plaza, (photo top right) a 123,184 square foot facility located on the campus of East Jefferson General Hospital, is 100 percent leased and physically attached to the hospital. As a tenant, the hospital currently leases approximately 86,000 square feet of space in East Jefferson Medical Plaza.
This acquisition expands Cogdell Spencer's existing relationship with East Jefferson General Hospital. Prior to this week's acquisition, Cogdell Spencer owned and managed 130,730 square feet of medical office and clinical assets on and adjacent to the East Jefferson campus.
"We appreciate the continued opportunity to help East Jefferson General Hospital achieve its strategic goals," said Matthew Nurkin, Vice President of Acquisitions for Cogdell Spencer Inc.
About Cogdell Spencer Inc.
Charlotte-based Cogdell Spencer Inc. (NYSE:CSA) is a fully-integrated, self-administered and self managed real estate investment trust (REIT) that invests in specialty office buildings for the medical profession, including medical offices, ambulatory surgery and diagnostic centers. At present, the Cogdell Spencer Inc. portfolio consists of 60 wholly owned properties and consolidated joint ventures, three unconsolidated joint venture properties and 53 managed medical office buildings.
For more information on Cogdell Spencer Inc., please visit the Company's website at http://www.cogdellspencer.com/.
First Call Analyst: FCMN
CONTACT:
Media, Dana Crothers,
Marketing Director,
+1-704-940-2904,
or
General Inquiries,
Frank C. Spencer,
President and Chief Executive Officer,
+1-704-940-2926,
or
Financial Inquiries,
Charles M. Handy,
Chief Financial Officer,
+1-704-940-2914,
all of CogdellSpencer Inc.
Web site:
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