RIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview. The two-story property was fully leased at the time of sale to Women’s Healthcare Enterprises and AdventHealth. CBRE negotiated the transaction on behalf of BGO.
NAPERVILLE, ILL. — Advocate Health and Hospitals Corp., a wholly owned subsidiary of Advocate Health, has purchased the Advocate Health Cardiovascular ASTC & Outpatient Center in Naperville for $23.4 million. HSG Medical and Capital Healthcare Properties sold the 42,438-square-foot, single-tenant medical facility. Developed by HSG Medical and Capital Healthcare Properties, the newly redeveloped property is a cardiovascular ambulatory surgery treatment center (ASTC) and outpatient facility. The building was purpose-built to serve as an extension of Advocate’s cardiology program at Advocate Good Samaritan Hospital and houses a dedicated cardiac catheterization operating room, prep and post-recovery services, cardiovascular specialty clinician offices, primary care, cardiac diagnostics, a lab and imaging services. The redevelopment project converted an existing building into the modern medical facility. Alex Sharrin of JLL represented the sellers, while Tom Hollinden of CBRE represented the buyer.
PITTSBURGH — CBRE has negotiated a 37,816-square-foot healthcare lease expansion in Pittsburgh. The tenant, Blink Health, a New York City-based provider of digital pharmaceutical services, is expanding from 53,076 to 90,892 square feet at the 148,000-square-foot Building 5 within Penn Center West, where Blink has been a tenant since 2009. Carmine DiLucente, Michael Stuart and Danielle Lafe of CBRE represented Blink Health in the lease negotiations. Adam Viccaro, Dominika Demantova and Charlie Must, also with CBRE, represented the landlord, The Soffer Organization.
WATERTOWN, MASS. — Newmark has brokered the $32.1 million sale of a 52,847-square-foot healthcare property located at 485 Arsenal St. in the western Boston suburb of Watertown. The property consists of two interconnected, low-rise buildings that were fully leased at the time of sale to Atrius Health, a subsidiary of Optum and United Healthcare Services Inc. A partnership between Boylston Properties and institutional investors advised by J.P. Morgan Asset Management sold the asset to JLL Income Property Trust. Robert Griffin, Michael Greeley, Frank Nelson, Blake McLaughlin, Ben Appel, Jay Miele, John Nero and Justin Shepherd of Newmark brokered the deal.
GURNEE, ILL. — Marcus & Millichap has arranged the $3.4 million sale of a 10,000-square-foot medical office building leased to Aurora Health Care in Gurnee. The Class A property was built in 2005. Aurora Health Care offers dermatology, family medicine and internal medicine services at the facility. Frank Roti and Brett Rodgers of Marcus & Millichap represented the seller, a private entity. Brian Munn of Marcus & Millichap procured the East Coast-based buyer, which completed a 1031 exchange.
SHENANDOAH, TEXAS — Local development and investment firm Pinecroft has broken ground on a $16.2 million healthcare project in The Woodlands, located north of Houston. The project, a 39,883-square-foot medical office building, is fully preleased to providers in specialty practices such as primary care, nephrology, urology, cardiology and infectious diseases. Browne McGregor Architects designed the project, and O’Donnell Snider Construction is serving as the general contractor. Completion is slated for early 2027.
WATERTOWN, MASS. — JLL Income Property Trust has purchased West Boston Medical Center, a 53,000-square-foot healthcare property located on the western outskirts of the state capital, for $32 million. The 53,000-square-foot building was fully leased at the time of sale to a single provider that recently signed a new 15-year lease. Specialty practices housed within the facility include internal medicine, pediatrics, female reproductive health, radiology, physical therapy and dermatology. The seller was not disclosed.
LINDENHURST, ILL. — Action Behavior Centers Therapy and Smile Partners have inked leases totaling 10,700 square feet at 1025 Red Oak Lane in Lindenhurst, a far north suburb of Chicago. Davis owns the Class A medical outpatient building. Jason Wurtz and Sarah Walker of NAI Hiffman represented Davis. Constructed in 2012, the two-story, 44,684-square-foot property offers space designed specifically for healthcare users, including efficient floor plates, 10-foot ceiling heights and infrastructure capable of supporting advanced medical technologies.
CHICAGO — The Community Builders (TCB) has opened the Sankofa Village Wellness Center (SVWC), a new community health and wellness hub addressing health inequality in Chicago’s West Garfield Park. According to TCB, recent studies have shown that life expectancy is 20 years lower in West Garfield Park compared with Chicago’s more affluent downtown communities. Reasons include insufficient access to quality healthcare, economic opportunity and quality foods. The vision for SVWC began in 2019 when faith leaders, Rush University, community organizations and TCB formed the Garfield Park Rite to Wellness Collaborative (GPRWC). In 2022, SWVC was a co-recipient of the Pritzker Traubert Foundation’s “Chicago Prize” award. Ultimately, the Collaborative, TCB and community partner the MAAFA Redemption Project secured over $44 million in funding. The three-story, 60,000-square-foot community hub brings healthcare, prevention and wellness services under one roof. SVWC will serve roughly 6,000 patients annually and will also offer community spaces, including drop-in childcare, an indoor gymnasium and walking track, a fitness center and space for screenings, primary medical care and reproductive, behavioral, dental health services and a credit union. Tenants include Erie Family Health Centers, Equal Hope, Rush University Medical Center, West Side United, the YMCA and GPRWC.
WASHINGTON, D.C. — Commercial and multifamily mortgage loan originations were 52 percent higher in the first quarter of 2026 compared to first-quarter 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First-quarter production falls in line with the organization’s 2026 forecast made in February that commercial and multifamily loan originations this year would increase by 27 percent compared to 2025. Among capital sources, the dollar volume of loans originated for investor-driven lenders increased by 133 percent year-over-year in the first quarter. There was also an 80 percent increase in loans for depositories (i.e. banks and credit unions); a 38 percent increase in government-sponsored enterprises (i.e. Fannie Mae and Freddie Mac); and a 9 percent increase in life company loans. There was also a14 percent decline in commercial mortgage-backed securities (CMBS) loans compared to a year ago. “The most notable increase was the 80 percent rise in depository lending, driven in part by the large volume of bank-held loans maturing this year and the need to refinance those positions,” says Reggie Booker, MBA’s associate vice president of commercial research. “The slowdown [from fourth-quarter 2025] is consistent with typical first-quarter seasonality and does not detract from …
