REBusinessOnline

Carter Validus Purchases Healthcare Asset in Metro Houston for $15.3M

KATY, TEXAS — Tampa-based investment firm Carter Validus Mission Critical REIT has purchased Oceans Behavioral Hospital of Katy, a 34,296-square-foot healthcare property located in the western Houston metro of Katy. The single-tenant hospital was built in 2015 and offers 69 surface parking spaces. The tenant, which provides mental health education, group therapy and medication management services, currently has about 12 years remaining on the

Hampshire Companies Breaks Ground on 45,000 SF Medical Office Building in New Jersey

GLEN RIDGE, N.J. — The Hampshire Companies has broken ground on a three-story, 45,000-square-foot medical office building in Glen Ridge. The facility, located on the site of a former nursing school, is directly across the street from Mountainside Medical Center. Designed to meet the needs of 21st century health care providers, the medical office building will offer physicians and specialists Class A office space to provide care to the local community. The facility is expected to house a range …

Howard Hughes to Develop 67,200 SF Healthcare Project in The Woodlands

THE WOODLANDS, TEXAS — Howard Hughes Corp. (NYSE: HHC) will develop a 67,200-square-foot medical facility in The Woodlands, about 30 miles north of Houston. Designed by Houston-based PGAL, the project will deliver two 33,600-square-foot buildings within Creekside Park Village Center, a mixed-use property developed by Howard Hughes. Construction is scheduled to begin at the end of the year. Transwestern will handle leasing of the

NKF Capital Markets Negotiates $9.8M Sale of Medical Office Building in South Florida

DELRAY BEACH, FLA — NKF Capital Markets has arranged the $9.8 million sale of a 32,987-square-foot medical office building located at 4675 Linton Blvd. in Delray Beach. Adam Greenberg, Michael Lapointe and Michael Lohmann of NKF Capital Markets arranged the transaction on behalf of the seller, Delray Outpatient Properties LLC. Flagler Investment Healthcare LLC acquired the asset. The two-story, Class A building was constructed in 2005 and was 75 percent leased at the time of sale. ASC, an …

Kraus-Anderson Constructs $2.1M Health Center Expansion in Hutchinson, Minnesota

HUTCHINSON, MINN. — Kraus-Anderson has completed a $2.1 million expansion for Hutchinson Health. The 9,600-square-foot project includes a new 5,103-square-foot cancer center as well as a cardiac rehab area and on-call suites. The property is located at 1095 Highway 15 South in Hutchinson, about 60 miles west of Minneapolis. Designed by Wold Architects and Engineers, the expansion triples the size of the existing center and integrates all of Hutchinson Health’s cancer services into one …

YAM Properties Sells Medical Office Campus for $16.5M in Glendale, Arizona

GLENDALE, ARIZ. — Scottsdale-based YAM Properties has completed the disposition of Arrowhead Professional Center, located at 18301 N. 79th Ave. in Glendale. Cleveland, Ohio-based Woodside Health acquired the property for $16.5 million. Steve Lindley, Bob Buckley and Tracy Cartledge of Cushman & Wakefield Phoenix's capital markets group, along with the healthcare team of Sheila Bale, Tom Weinhold and Ryan O'Connor, represented the seller in the deal. The eight-building medical and …

MYCON Begins Construction of 20,000 SF Surgery Center in Plano

PLANO, TEXAS — MYCON General Contractors has begun construction of a 20,000-square-foot ambulatory surgery center for local ophthalmology practice Brooks Eye Associates in Plano, a northern suburb of Dallas. Designed by Houston-based Browne McGregor Architects Inc., the facility will include two operation rooms, consultation and diagnostic areas, offices, and a reception area. Completion is slated for January

Blueprint Negotiates Sale of Eight-Property Skilled Nursing Portfolio in Southeast Pennsylvania

PHILADELPHIA — Blueprint Healthcare Real Estate Advisors has brokered the sale of the Lightning Portfolio, eight skilled nursing facilities in the Philadelphia metro area. The seller sought to divest the non-core assets, which featured a concentration of high-barrier-to-entry locations in the Philadelphia area. The buyer was a regional owner-operator looking for a growth opportunity. The portfolio totals 1,050 beds. The price and names of facilities were not disclosed. Blueprint’s Ben …

Greystone Provides $14.5M HUD Loan to Refinance Healthcare Facility in New York

TARRYTOWN, N.Y. — Greystone has provided  $14.5 million HUD-insured loan for the refinancing of Tarrytown Hall Care Center, a skilled nursing facility in Tarrytown. The 120-bed facility is located 25 miles north of Manhattan. The transaction was originated by Fred Levine of Greystone. The borrower was undisclosed. The permanent loan carries a 35-year term and amortization period with a fixed rate.Tarrytown Hall offers a variety of specialized services, including short-term rehabilitation, …

R.W. Holmes Brokers $1.1M Sale of Medical Building in Suburban Boston

WESTBOROUGH, MASS. — R.W. Holmes Realty has brokered the sale of a 6,810-square-foot medical office building located at 210 Turnpike Road in Westborough. The sales price was $1.1 million. The property is located on 3.9 acres and includes 120 parking spaces. R.W. Holmes represented the seller, Park Street Realty LLC, in the transaction. The property was purchased by 6 Humphrey Street Realty LLC. At the time of sale, the building was occupied by two dentists and a window blinds company. The …

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