ATLANTA — The Loudermilk Cos. has topped off construction of 371 East Paces Ferry, a nine-story, 120,000-square-foot medical office building in Atlanta’s Buckhead district. George Olmstead of Cushman & Wakefield is handling the property’s leasing assignment, and recently secured a 3,576-square-foot lease with Interventional Orthopedics of Atlanta LLC. The company will join other committed tenants including Concord Pharmacy, Piedmont Medical Care Corp., Peachtree Dermatology and Kalos..
BROOKHAVEN, GA. — The Brookhaven City Council has approved a community investment agreement that will allow Children’s Healthcare of Atlanta (CHOA) to move forward with a new pediatric campus in the city of Brookhaven, roughly 11 miles north of downtown Atlanta. CHOA unveiled plans for the $1.3 billion project earlier this year. The new campus will include a 446-bed replacement hospital, support buildings, a physical plant, more than 20 acres of greenspace and the Center for Advanced..
NORTH CANTON, OHIO — The A. Altman Co. has unveiled plans to develop a new 36,410-square-foot pediatric care facility in North Canton, about 20 miles south of Akron. The Akron Children’s North Canton Medical Center will be part of the Aultman Health Foundation North Campus. Akron Children’s entered into a long-term ground lease at the property. The move will allow the children’s hospital to consolidate operations from three locations around Stark County under one roof. The first floor..
SMYRNA, GA. — Halpern Enterprises has opened Belmont Physicians Center, a 30,000-square-foot medical office building located within Belmont, a 48-acre mixed-use community in the Atlanta metro of Smyrna. Emory Healthcare anchors the center, which is located roughly 18 miles northwest of downtown Atlanta. Other tenants at Belmont Medical Center include Gentle Care Dentistry, Cobb Pediatric Associates and Smyrna Pediatric Dentistry. The two-story building was designed by Lyman Davidson Dooley..
SAN ANTONIO — Ridgeline Capital Partners, a Dallas-based investment firm specializing in the healthcare sector, has acquired Connally Oaks Medical Center, a 42,000-square-foot, Class A medical facility located at 2130 N.E. Loop 410 in San Antonio. Built in 2008, the property is situated directly south of the 371-bed Northeast Baptist Hospital. Connally Oaks is currently 95 percent leased to eight medical practices, including oncology, neurology and dentistry, on triple net leases. Ridgeline..
The InterFace Conference Group is proud to host the 9th annual InterFace Healthcare Real Estate West, an information and networking conference for everyone involved in healthcare and medical office real estate, including hospitals and healthcare systems, owners/investors/developers, lenders and financial intermediaries, leasing, management and operations specialists and others allied to the industry. This one-day conference attracts executives from all over Western United States, as..
BELLEVILLE, MICH. — Gerdom Realty & Investment has brokered the sale of Meridian Medical Plaza in Belleville, 29 miles southwest of Detroit. The sales price was not disclosed. The 12,000-square-foot medical facility is 100 percent leased to multiple tenants. The buyer, a local private investor, also acquired additional land for a second phase of development. Larry Siedell and Tjader Gerdom represented both parties in the transaction.
JOHNSON CITY, N.Y. — Bent Tree Realty has completed the disposition of Our Lady of Lourdes Memorial Hospital Orthopedics Building in Johnson City. A privately held healthcare REIT purchased the 23,383-square-foot facility for an undisclosed price. The building is 96 percent occupied by Our Lady of Lourdes Memorial Hospital, a member of Ascension Health. Lisa Menin of Jacobson Properties and Leo Jones of Cushman & Wakefield/Pyramid Brokerage Company represented the seller in the transaction.
MINNEAPOLIS — IRET (NYSE: IRET) has entered into an agreement to sell its medical office portfolio for $417.5 million. The buyer was not disclosed. The properties, totaling approximately 1.3 million square feet, include the company’s entire healthcare portfolio, which consists of 28 healthcare properties and one other commercial property occupied by a healthcare tenant. The transaction, expected to close by the end of January, is one of several key deals nearing the completion of IRET’s..
BROOKHAVEN, GA. — The Atlanta Hawks Basketball Club and Emory Healthcare have opened a 90,000-square-foot training facility and sports medicine center in Brookhaven, roughly 11 miles north of downtown Atlanta, on Tuesday. The privately funded Emory Sports Medicine Complex integrates four facilities: Emory Healthcare Courts, the official practice and training facility for the Atlanta Hawks; Emory Sports Medicine Center and Emory Physical Therapy, which house Emory’s entire sports medicine..