Healthcare Property Advisors Negotiates Medical Office Space Lease Transaction for St. Joseph Heritage Healthcare
Heritage’s new office space in Brea will provide for innovative patient care and cost efficiencies.
Fullerton, CA. – May 7, 2015 – Following another recent transaction by Healthcare Property Advisors (HPA Realty, Inc.) for the largest 2014 Orange County acquisition of a medical office portfolio in Mission Viejo, today, HPA Realty, Inc., a commercial and medical real estate brokerage, property management firm and real estate developer in the healthcare industry, announced it has completed a multi-year lease transaction on behalf of St. Joseph Heritage Healthcare, a member of the St. Joseph Hoag Health alliance based in Orange County, California.
HPA Realty, Inc. President James McGrade said, “We believe we negotiated the best possible lease for Heritage. The 42,000 square foot office space in Brea, California will enable them to facilitate convenient and innovative patient care.” St. Joseph Heritage Healthcare Director of Technology & Reporting Greg Jones said, “This location will help us consolidate the expansion of our services, and it will allow us to further logistic and cost efficiencies.”
HPA Realty, Inc. is a subsidiary of The Innovation Institute, an independent, for-profit LLC structured to cultivate innovative solutions to transform healthcare delivery.
About HPA Realty, Inc.
HPA Realty, Inc. is a commercial real estate developer, brokerage and property management firm with a focus on the healthcare industry. The management team is highly experienced in all aspects of acquisition, disposition, and operation of medical and commercial properties. For more information, go to www.ii-hpa.com.
