UMPC pays $5M for Monroeville medical building
UPMC paid $5 million for an office building in Monroeville that it has been leasing for several years.
The building, at 400 Oxford Drive, is adjacent to the Monroeville Mall and a UPMC imaging center, and houses a cancer center, a sleep center and physician practices.
UPMC bought the building from L&M Associates, a partnership owned by Mark Mason, vice chairman of Downtown-based Oxford Development Co., and a trust established by the late Edward J. Lewis, who died in 2006 and was a founder of Oxford Development. The deal closed Dec. 3.
UPMC, the largest hospital system in Western Pennsylvania, has leased the space since 2008, when the sleep center moved in, spokeswoman Susan Manko said. The cancer center opened there in 2010 and UPMC added the doctor offices this year, she said.
“With the growing demand for UPMC services in this community, it made more sense for us to purchase this building rather than continue renting,” she said.
Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or email@example.com.