REIT buys Gastonia medical building

A real estate investment trust out of Tennessee has purchased the Summit Crossing Medical Office Building in Gastonia, an advisory firm who helped out on the deal says.

The 91,000-square-foot building next to CaroMont Regional Hospital went for $20.3 million, according to Denver-based Fairfield Asset Advisors. The previous owners, a company based in North Myrtle Beach, engaged the firm to help sell.

Fairfield said the buyer is a Tennessee real estate investment trust but would not disclose the name.

"The successful closing of this transaction shows the type of demand that is out there in the marketplace right now for health care real estate," Fairfield managing partner Greg Trainor said in a statement.

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