REBusinessOnline

Healthcare

The Congress Cos. to Break Ground on $60M White Plains Institute for Rehabilitation & Healthcare

WHITE PLAINS, N.Y. — White Plains Healthcare Properties I LLC has selected The Congress Companies as developer and the joint venture Congress/Consigli JV as the construction manager for the 110,000-square-foot White Plains Institute for Rehabilitation & Healthcare. The $60 million dollar facility consists of 160 beds of skilled nursing, including 76 specialized rehabilitation beds, 42 Alzheimer’s secure beds, and 42 long-term care beds. It will be operated by tenant EPIC Healthcare. The..

August 31, 2017

McGrath Completes Construction of NICU at Hospital in O’Fallon, Missouri

O’FALLON, MO. — McGrath & Associates has completed construction of a neonatal intensive care unit (NICU) within the Childbirth Center at Progress West Hospital in O’Fallon. The eight-bed NICU will allow the hospital to care for premature babies born as early as 32 weeks after pregnancy. The NICU features eight newborn intensive care beds throughout a special care nursery, procedure room and baby nursery. Fox Architects was the project architect.

August 31, 2017

Erlanger Health Breaks Ground on $40M Children’s Hospital in Chattanooga

CHATTANOOGA, TENN. — Erlanger Health System has broken ground on a $40 million children’s hospital in Chattanooga. The new 50,000-square-foot facility will provide service to more than 1 million children in the Southeast and include centers for child psychology, physical therapy and hypertension, as well as a childhood healthy eating and active living center. Erlanger Health System is the seventh largest public hospital in the country. The new hospital will be partially funded through..

August 30, 2017

SG Property Buys Two Medical Buildings in Metro Atlanta for $11.9M

JOHNS CREEK AND ALPHARETTA, GA. — SG Property Services, an Atlanta-based real estate firm, has acquired Johns Creek Medical and The Swan Building for a combined $11.9 million. The properties are located at 6918 McGinnis Ferry Road in Johns Creek and 4165 Old Milton Parkway in Alpharetta, respectively. Both properties are roughly 30 miles north of Atlanta, and together total 55,664 square feet. Jodi Selvey of Colliers International represented the physician owner of Johns Creek Medical and Lee..

August 25, 2017

Medical Practice to Open 14,180 SF Office in Grand Rapids, Michigan

GRAND RAPIDS, MICH. — Grand Valley Medical Specialists (GVMS) has signed a 14,180-square-foot lease to open a medical practice in Grand Rapids. The property, which will accommodate more physicians and patients than the former 10,363-square-foot location on Wealthy Street, is located at 1000 E. Paris Avenue Southeast. GVMS currently employs 15 doctors and five advanced practice providers. GVMS provides primary patient care to the whole family, from infants to adults, through its pediatric,..

August 25, 2017

Pisula Acquires 62,000 SF Transitional Care Facility in Conroe, Texas

CONROE, TEXAS — The Woodlands-based Pisula Development Co. has acquired Brightpointe at Rivershire, a 62,000-square-foot healthcare facility situated on three acres at 601 S. Conroe Medical Drive in Conroe. Completed in 2016 and financed by Woodforest National Bank, the facility offers 150 beds for patients requiring medical and physical rehabilitation after being hospitalized.

August 24, 2017

SR Construction Completes Two Neighborhood Hospitals in Las Vegas for Dignity Health

LAS VEGAS — SR Construction has completed construction of two of the Las Vegas Valley’s first neighborhood hospitals, North Las Vegas Campus and Blue Diamond Campus. The projects are a joint venture between Dignity Health and Emerus. The North Las Vegas Campus Neighborhood Hospital is located at 1550 W. Craig Road in North Las Vegas and was the first to be built in the state. The three-story building houses a licensed hospital on the first floor with 16 patient rooms. The hospital also..

August 23, 2017

NAI Arranges Sale of 41,616 SF Medical Office Building in San Antonio

SAN ANTONIO — NAI Partners has arranged the sale of a 41,616-square-foot medical office building located at 8307 Gault Lane in San Antonio. Joshua Swank of NAI represented the seller, a private partnership, in the transaction and procured the buyer, a group of private investors. Other terms of sale were not released.  

August 23, 2017

Equity to Develop 42,000 SF Medical Office Property in Metro Austin

LAKEWAY, TEXAS — Equity LLC will develop a 42,000-square-foot medical office property on 2.8 acres within the Baylor Scott and White-Lakeway Regional Medical Center campus in the Austin metro of Lakeway. Premier Family Physicians will serve as the anchor tenant of the new development. The project will include 190 surface-level parking spaces. Leasing of the property is expected to commence in January 2019.  

August 21, 2017

IRA Capital Sells 137,686 SF Medical Office Portfolio in Fort Worth, Austin

FORT WORTH AND AUSTIN, TEXAS — Irvine, Calif.-based investment firm IRA Capital LLC has sold a portfolio of fully leased medical office properties totaling 137,686 square feet in Fort Worth and Austin. The portfolio includes The Center for Cancer & Blood Disorders and Baylor Health Center at Magnolia Greens, both in Fort Worth, and Cedar Park Medical Center in Austin. HFF represented IRA Capital in the transaction and procured the buyer, a publicly traded healthcare REIT.

August 16, 2017