REBusinessOnline

Athletico Physical Therapy to Open in Westland, Michigan

WESTLAND, MICH. — Athletico Physical Therapy has signed a 3,964-square-foot lease to open a location in Westland, a western suburb of Detroit. The company will open in the space formerly occupied by Anytime Fitness at Bayview Plaza. Larry Siedell, Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the landlord. Luke Paterson of Swearingen Realty Group represented

JLL Brokers Sale of 55,646 Rehab Hospital in Metro Houston

HUMBLE, TEXAS — JLL has brokered the sale of Kindred Humble, a 55,646-square-foot rehabilitation facility located near the Memorial Hermann Northeast Hospital campus in Humble, located about 20 miles north of downtown Houston. The freestanding property offers 46 beds for inpatient care. Steve Leathers, Mindy Berman, Brian Bacharach and Anthony Sardo of JLL represented the seller in the transaction. Other terms of sale were not released.

NexCore Group Breaks Ground on 24,693 SF Healthcare Center Near Lexington

WINCHESTER, KY. — NexCore Group has broken ground on the 24,693-square-foot Catholic Health Initiatives Saint Joseph Health Winchester Medical Office Building in Winchester. The Denver-based developer expects the building to be delivered in February 2020. The facility will offer a full complement of healthcare services including primary care, cardiology, orthopedics, imaging, lab, specialist timeshare space, family practice, radiology, CT, ultrasound, blood draw, a physical therapy gym …

NorthMarq Arranges $4.5M Refinancing for Medical Center in the Bronx

NEW YORK CITY — NorthMarq has arranged a $4.5 million loan to refinance a 20,000-square-foot medical office property in the Bronx. Located at 3316 Rochambeau Ave., the property is currently occupied by Montefiore Medical Center. The tenant has occupied the site for more than 25 years. Charles Cotsala of NorthMarq secured the fixed-rate loan, which includes a 10-year term on behalf of the undisclosed borrower through lender 40|86 …

HFF Negotiates Sale of Two-Property Medical Office Portfolio Near Hartford, Connecticut

VERNON, CONN. — HFF has negotiated the sale of a two-property medical office portfolio in the Hartford-area community of Vernon. The sales price was undisclosed. The properties are 460 Hartford, a 36,000-square-foot outpatient facility, and 8 Keynote, a 22,500-square-foot home health service facility. Both properties are fully leased to Eastern Connecticut Health Network, a subsidiary of Prospect Medical Holdings. Ben Appel, Evan Kovac, Andrew Milne, Bryan Rosenberg. Dana Brome and Ron Ott …

Eye Specialist Retina Associates Expands Practice, Leases 8,580 SF in Overland Park, Kansas

OVERLAND PARK, KAN. — Retina Associates, which provides eye care services to the greater Kansas City community, is expanding its practice locally. Beginning in June, the retina specialist will occupy 8,580 square feet on the second floor of 6201 College Boulevard, a seven-story, multi-tenant office building located in Overland Park. Ryan Biery, senior vice president of brokerage at Copaken Brooks, represented 6201 College in the deal, while Mike Sonnenberg from NAI Heartland represented …

HFF Negotiates Sale of 75,000 SF Medical Office Building in North County San Diego

SAN DIEGO — HFF has arranged the sale of Palomar Health Outpatient Center Phase I, a medical office building in North County San Diego. Harrison Street Real Estate Capital acquired the 75,000-square-foot property from JRMC Real Estate for an undisclosed price. The three-story, built-to-suit, Class A facility is fully leased to Palomar Health, which plans to offer high-acuity services, including radiation, oncology, express care/outpatient clinical services and a Palomar-Rady …

Jacobson Properties Brokers $45M Sale of Medical Office Portfolio in New York

NEW YORK STATE — Jacobson Properties has brokered the $45 million sale of the New York State Medical Office Portfolio, five properties located in the Capital Region and Hudson Valley of New York State. The 209,382-square-foot portfolio is anchored by St. Peter’s Hospital, Ellis Hospital, Seton Health System and Westchester Medical Center Health Network. Lisa Menin of Jacobson Properties and Leo Jones of Cushman & Wakefield/Pyramid Brokerage Co. represented the undisclosed seller in the …

AJP Ventures, Mas Group Set to Break Ground on $40M Healthcare Facility Near Baptist Hospital in Miami

MIAMI — AJP Ventures and Mas Group will break ground on MedSquare Health, a 116,000-square-foot, three-story medical facility in the Baptist Hospital of Miami submarket in Miami. The $40 million building will be situated at 9408 S.W. 87th Ave., about two miles from Baptist Hospital of Miami. Amenities will feature valet parking, an adjoined two-story parking garage, conference room space and an on-site café. MedSquare Health will be the first Class A, off-campus facility to be built in the …

Strawberry Fields REIT Acquires Three Skilled Nursing Facilities in Kentucky for $21M

BARDSTOWN, MANCHESTER AND ELKHORN CITY, KY. — Strawberry Fields REIT has acquired three skilled nursing facilities in Kentucky for $21 million. Landmark Group will operate the properties, which total 312 beds. Average occupancy in the portfolio is 73 percent, of which 21 percent are Medicare residents, 60 percent are Medicaid and 19 percent are private-pay and insurance. The acquired communities include Landmark of Bardstown Rehabilitation and Nursing Center in Bardstown (100 beds); …

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