PPG Buys Remaining Interests in Outpatient Properties from NexCore Group

PPG Medical Properties, LLC has closed on the acquisition of the remaining minority interest owned by principals of NexCore Group in a seven-property, $125 million healthcare real estate portfolio totaling more than 442,000 square feet.

NexCore principals and PPG Medical Properties formed a partnership to acquire the portfolio in December 2003. Now PPG Medical Properties has acquired the remaining interests held by NexCore-related principals. Terms of the sale were not disclosed.

The properties include:

Both firms indicate that the transaction complements their business plans.