Healthcare

Irgens Breaks Ground on 47,322 SF Office/Healthcare Building in Scottsdale

by Amy Works April 1, 2019

SCOTTSDALE, ARIZ. — The Phoenix office of Irgens has broken ground on 17 Three Hundred at Perimeter Center, a two-story office/healthcare building in Scottsdale. Located at 17300 N. Perimeter Drive, the property will feature 47,322 square feet of Class A office and healthcare space. Additionally, the building will feature extensive glass lines, contemporary horizontal window shades, balconies, operable windows and mature landscaping. Slated for completion in October, the building will be the second property in the Irgens Perimeter Center project. The project team includes Irgens Partners as developer, Vertical Design Studio as architect, RSG Builders as contractor and Greg Mayer of Cushman & Wakefield as leasing agent.

April 1, 2019

Development Healthcare Office Texas

Worth Breaks Ground on Office, Medical Buildings Totaling 220,000 SF in San Antonio

by Taylor Williams March 27, 2019

SAN ANTONIO — Worth & Associates has broken ground on two commercial properties totaling 220,000 square feet in San Antonio. RidgeWood Plaza II will be a 123,000-square-foot office building that will be situated on 15 acres, and TSAOG’s Ridgewood Orthopaedic Center will be a 97,000-square-foot medical facility. Both projects, which are situated within RidgeWood Park, are slated for a summer 2020 completion. The site also features two restaurant pad sites fronting U.S. Highway 281.

March 27, 2019

Acquisitions Georgia Healthcare Southeast

Anchor Health Properties Acquires Two Medical Office Buildings in Metro Atlanta Totaling 45,000 SF

by Alex Tostado March 26, 2019

NEWNAN AND LAWRENCEVILLE, GA. — Anchor Health Properties has acquired two fully leased medical office buildings (MOBs) in metro Atlanta on behalf of the Chestnut Healthcare Fund, a discretionary equity fund focused on the acquisition and development of medical office assets across the United States. The first property, 721 Wellness Way in Lawrenceville, is occupied by Northeast Endoscopy, which provides services including gastroenterology, imaging and family medicine. The asset is adjacent to Gwinnett Medical Center, which recently announced a merger to become Northside Hospital, and about 30 miles northeast of downtown Atlanta. The second property is situated at 7110 Newnan Crossing Bypass in Newnan, about 35 miles southwest of downtown Atlanta. The Newnan property is adjacent to Piedmont Newnan Hospital and is occupied by Avail Dermatology. Colliers International represented the seller, an affiliate of Pace Lynch Realty, in the transaction. Synovus Bank provided acquisition financing on behalf of the buyer. The sales prices were not disclosed.

March 26, 2019

Development Healthcare Midwest Minnesota

Kraus-Anderson Set to Break Ground on New Hospital Wing at Hutchinson Health in Minnesota

by Kristin Harlow March 26, 2019

HUTCHINSON, MINN. — Kraus-Anderson is scheduled to break ground on a new hospital wing at Hutchinson Health in Minnesota on Monday, April 1. The one-year construction project will expand the hospital’s footprint by more than 17,000 square feet and will include 18 new patient rooms that are twice as big as the current rooms. Wold Architects and Engineers designed the expansion. Hutchinson Health, a part of HealthPartners, is located about 60 miles west of Minneapolis. The hospital currently has 66 beds and is classified as a Level 4 trauma center. It provides initial evaluation, stabilization, diagnostic capabilities and transfer to a higher level of care. A Level I trauma center offers the highest level of surgical care for trauma patients.

March 26, 2019

Acquisitions Healthcare Texas

CBRE Negotiates Sale of 34,049 SF Healthcare Property in Miami, Oklahoma

by Taylor Williams March 25, 2019

MIAMI, OKLA. — CBRE has negotiated the sale of Windridge Nursing Center, a 34,049-square-foot healthcare property located at 2530 N. Elm St. in Miami, near the Kansas border. The property was built in 1998 and is licensed for 100 beds. Daniel Morris of CBRE represented the seller, a private investor based on the West Coast, in the transaction. The buyer was a regional operator with existing facilities in the area.

March 25, 2019

Development Healthcare Texas

Kogut, Mittman Complete 25,240 SF Medical Office Building in San Marcos

by Taylor Williams March 25, 2019

SAN MARCOS, TEXAS — Two Austin-based firms, Kogut Commercial Real Estate and Mittman Real Estate have completed construction of Hunter Professional Plaza, a 25,240-square-foot medical office building located at 151 Stagecoach Trail in the Central Texas city of San Marcos. The property is currently 41 percent leased. Transwestern Commercial Services (TCS) is leasing the building.

March 25, 2019

Healthcare Loans Texas

MCA Arranges $40M Loan for Plano-Based Hospice Operator

by Taylor Williams March 22, 2019

PLANO, TEXAS — Metropolitan Capital Advisors (MCA) has arranged a $40 million business recapitalization loan for Heart to Heart Hospice, a Plano-based organization that operates 36 properties across Texas, Michigan and Indiana. Todd McNeill and Kevan McCormack of MCA arranged the loan, specific terms of which were not disclosed, through Cerberus Capital Management LP.

March 22, 2019

Acquisitions Healthcare New York Northeast Office

HFF Brokers $11.4M Sale of Medical Office Building on Long Island

by David Cohen March 22, 2019

GARDEN CITY, N.Y. — HFF has brokered the $11.4 million sale of a medical office building in the Long Island village of Garden City. Located at 224 7th St., the 16,920-square-foot property was built in 1969 and converted to a medical imaging facility in 2007. The facility is currently triple-net leased to the New York University School of Medicine. HFF represented the seller, Meridian Imaging Group, in the transaction. The buyer was undisclosed. Inland Real Estate Acquisitions facilitated the transaction.

March 22, 2019

Acquisitions Healthcare Illinois Midwest

HFF Arranges Sale of 135,093 SF Medical Office Building in Chicago

by Kristin Harlow March 22, 2019

CHICAGO — HFF has arranged the sale of Lakeshore Medical Center in Chicago. Completed in 2008, the 135,093-square-foot, five-story medical office building is attached to the 236-bed Weiss Memorial Hospital. Tenants at the property include Walgreens, Fresenius Medical Care and University Dermatology and Vein Clinic. Ben Appel, Evan Kovac, Andrew Milne, Matt DiCesare, Jeffrey Bramson and Bryan Rosenberg of HFF represented the seller, a partnership between CarVal Investors and Zeller Realty Group. The team also procured the buyer, an institutional investor. MBRE Healthcare will manage the asset.

March 22, 2019

Arizona Development Healthcare Western

Adelante Healthcare Opens $4.7M Healthcare Facility in Goodyear, Arizona

by Amy Works March 21, 2019

GOODYEAR, ARIZ. — Adelante Health Center has opened Adelante Health Center, its newest healthcare facility in Goodyear. Situated on 7 acres at 13471 W. Cornerstone Blvd., the 45,000-square-foot facility features a variety of services including family medicine, internal medicine, OB/GYN, family dental, behavioral health, on-site laboratory, pharmacy, WIC/nutrition and pediatrics. The $4.7 million facility is located just east of Abrazo West Campus Hospital. Adelante Healthcare is a nonprofit that operates 10 healthcare centers in Central Arizona.

March 21, 2019

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