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The Journal Gazette

  • Lutheran Hospital Cancer Center

Monday, April 09, 2018 12:34 pm

Lutheran Hospital Cancer Center building sold for $15 million

SHERRY SLATER | The Journal Gazette

The Lutheran Hospital Cancer Center building has been sold to an Alabama-based healthcare real estate and development firm for $15 million, the buyer announced Monday.

The 47,000-square-foot cancer center is connected to Lutheran Hospital by Medical Office Building Two. It was previously owned by Citadel Realty LLC. 

Community Health Systems, Lutheran Health Network's parent company, owns the land but never owned the building, Lutheran spokesman Geoff Thomas said in an email.

The Sanders Trust, which is based in Birmingham, announced that it has long-term leases in place with the cancer center's two tenants: Fort Wayne Medical Oncology and Hematology Inc. and IOM Health System LP, which is the hospital/physician partnership that operates Lutheran Hospital. 

Thomas said the building's name refers to the oncology services there rather than its ownership.

The cancer center building, which opened in September 2007, cost $7 million to construct. 

"The change of building ownership," Thomas wrote, "has no impact (on) the services we provide through the Lutheran Cancer Center."