BIRMINGHAM, Ala. (WBRC-TV MyFoxAL.com) -- HealthSouth Corp. has sold its headquarters and the unfinished digital hospital building to a real estate company. The deal was announced in a statement from HealthSouth Friday.

According to the statement, Trammell Crow Company, a real estate company in Dallas, Tx., has agreed to pay $60 million to purchase HealthSouth's entire campus on U.S. 280 in Birmingham, including company headquarters and the incomplete digital hospital building.

“We have always believed there was a lot of value in this property,” said HealthSouth President and CEO Jay Grinney, who announced plans to sell the property shortly after joining HealthSouth in 2004. “But, we also knew this building was too big for a company of our size and required more resources than a healthcare company should be spending on its corporate headquarters.”

HealthSouth will not move immediately. It plans to lease its headquarters building from the real estate company for at least one year while it looks for other office space in Birmingham.

Details of the agreement with Trammell Crow Company were not disclosed. The deal is expected to close by the end of July. HealthSouth said it plans to use money from the sale to pay down its debt.

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