American Financial Realty Trust Leases 24,887 Square Feet to Wake Forest University Health Sciences at the Wachovia Center.Leading Medical Research Institute Selects Class-A Office Tower for Expansion Space JENKINTOWN, Pa. -- American Financial Realty Trust (NYSE NYSE See: New York Stock Exchange : AFR AFR African AFR Australian Financial Review AFR Afrikaans (South African language) AFR Air France (ICAO code) AFR Alternate Frame Rendering AFR Applicable Federal Rate ), a real estate investment trust focused on acquiring and leasing properties occupied by financial institutions, today announced it has signed Wake Forest University Health Sciences (WFUHS) to a 24,887 square foot lease at the Wachovia Center, a Class-A office tower located at 100 N. Main Street in the heart of the central business district of Winston-Salem, North Carolina Winston-Salem is a city in the U.S. state of North Carolina. As of the 2000 census, the city population was 185,776; in 2004 the city annexed an additional 17,483 raising the population to 203,259. . WFUHS is part of Wake Forest University Baptist Medical Center This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , one of the nation's preeminent academic medical centers and integrated health care integrated health care, n healthcare services combining the best of conventional and complementary health care. systems which operates 1,298 acute care, rehabilitation and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. beds, outpatient services outpatient services Hospital-based services Managed care Medical and other services provided, to a nonadmitted Pt, by a hospital or other qualified facility–eg, mental health clinic, rural health clinic, mobile X-ray unit, free-standing dialysis unit Examples , and community health and information centers. WFUHS will begin occupying nearly 25,000 square feet of contiguous space on the 22nd and 23rd floors of the Wachovia Center in early May. The space will be occupied by the administrative group of WFUHS's Division of Public Health Sciences and by part of that division's Department of Biostatistical Sciences. A total of 74 WFUHS employees will move to the Wachovia Center from the MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. Building at the Medical Center, where space there is being vacated to accommodate additional room on that campus. According to Rick Eiseman, vice president of asset management for American Financial Realty, large contiguous space and parking was critical to the deal. "Wake Forest Health Sciences needed a large block of space and access to wealth of on-site parking. The Wachovia Center, with its open floor plans and on-site parking, provided the perfect combination. We are pleased to accommodate their user requirements and welcome them as a tenant." The 535,000 square foot Class-A office tower, designed by world-famous architect Cesar Pelli, was originally built in 1995 as Wachovia's headquarters and is the tallest building in Winston-Salem. Sheathed in Olympia white granite, the building enjoys the distinction as the only granite domed skyscraper in the world. The building's amenities include a 16,500 sq. ft. cafeteria and outdoor dining area; full modern fitness center; in-house barber shop and shoe shine stand as well as on-site dry-cleaning and secure underground parking. Centrally located in the heart of Winston-Salem's business district, the building is easily accessible from Business I-40 and is within walking distance of the courthouse, Research Park, hotels, upscale restaurants and popular entertainment destinations. American Financial Realty brokerage team was led by Cindy Christopher of Meridian Realty. Graydon Pleasants of Pleasants Properties represented WFUHS in the transaction. For additional information about leasing opportunities with American Financial Realty in the Southeast, contact Richard L. Eiseman 314-241-2145 ext. 4013 or reiseman@afrt.com. For further information about American Financial Realty Trust, please call Tony DeFazio, Director of Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most at 215-887-2280 x2919. About American Financial Realty Trust American Financial Realty Trust is a self-administered, self-managed real estate investment trust that acquires properties from, and leases properties to, regulated financial institutions. The Company through its operating partnership and various affiliates owns and manages its assets primarily under long-term triple net and bond net leases with banks. The Company is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol AFR. For more information on American Financial Realty Trust, visit the Company's website at www.afrt.com. |
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