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Under terms of the agreement with Northwestern Mutual, the two companies will form CSA Medical Partners LLC. The joint venture plans to acquire medical office buildings and other health care facilities that are primarily associated with not-for-profit health care systems and large doctor-owned clinics.
The joint venture expects to acquire up to $350 million of property nationwide.
Shares of Cogdell Spencer rose $1, or 5.6 percent, to close at $18.96 Friday.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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