ProMed Properties profits from short-term hold on Virginia Square medical space

ProMed Properties has sold its Virginia Square Plaza medical office complex for $28.5 million to Chicago’s Harrison Street Real Estate Capital LLC, a little more than four years after acquiring the properties for about $8 million less.

The acquisition is the latest for Harrison Street, which established a substantial foothold on the D.C. region in 2013 with its purchase of Washington Real Estate Investment Trust’s medical office portfolio for $500.7 million.

The recent acquisition was an investment…