Healthcare

HFF Negotiates Sale of 57,250 SF Healthcare Property in San Antonio

by Taylor Williams April 4, 2019

SAN ANTONIO — HFF has negotiated the sale of The Children’s Hospital of San Antonio Health Pavilion, a newly built, 57,250-square-foot hospital and medical office building located in the Stone Oak area of San Antonio. The property, which is situated adjacent to the 242-bed Methodist Stone Oak Hospital, was fully leased at the time of sale. Evan Kovac, Ben Appel, Andrew Milne, Matt DiCesare, Maria Poyer and John Taylor of HFF represented the seller, New York-based Seavest Healthcare Properties LLC, and procured the buyer, Chicago-based Harrison Street. John Chun of HFF arranged an undisclosed amount of debt for the acquisition.

April 4, 2019

Development Healthcare Midwest Nebraska

Darland Breaks Ground on 38,844 SF Health Clinic in Millard, Nebraska

by Kristin Harlow April 3, 2019

MILLARD, NEB. — Darland Construction Co. has broken ground on the new CHI Health Clinic Millard, a 38,844-square-foot facility near Omaha. The clinic will feature 59 exam rooms and focus on primary care with specialties of radiology, ultrasound, behavioral health, nutrition and physical therapy. The property will be located south of an existing clinic near 153rd and Q streets. A partnership between CHI Health and Denver-based NexCore Group is developing the project. Completion is slated for spring 2020.

April 3, 2019

Acquisitions Healthcare Retail Texas

J. Beard Brokers Sale of 11,000 SF Medical Retail Building in Metro Houston

by Taylor Williams April 2, 2019

TOMBALL, TEXAS — The J. Beard Real Estate Co. has brokered the sale of Preserve Plaza, an 11,000-square-foot medical retail building in Tomball, a northern suburb of Houston. Lisa Hughes and Cathy Young of J. Beard represented the seller, EPB Land Developments LP, in the transaction. Duke Iqbal of IQ Realty Group represented the buyer, Spectre Innovations LLC. The property is currently leased to a dental practice, and the new owner will occupy the remaining space

April 2, 2019

Global-Medical-REIT-Portfolio-Chandler-AZ

Acquisitions Arizona Healthcare Office Western

Global Medical REIT Buys Three-Building Medical Office Portfolio in Arizona for $16.1M

by Amy Works April 2, 2019

CHANDLER AND GILBERT, ARIZ. — Bethesda, Md.-based Global Medical REIT has purchased a three-building medical office portfolio, totaling 39,305 square feet in Chandler and Gilbert, for $16.1 million, or $410 per square foot. Cushman & Wakefield represented the anchor tenant and seller, a local gastroenterology practice, in the sale. The seller will continue to operate out of the properties under a long-term sale/leaseback arrangement. The portfolio also includes two endoscopy centers, one of which is owned and operated by a joint venture between local physicians, Dignity Health and United Surgical Partners, a national surgery center operator. Devpal Gupta and Peter Menna of Cushman & Wakefield’s Phoenix office collaborated with Travis Ives of Cushman & Wakefield’s national Healthcare Capital Markets team to represent the seller in the assignment.

April 2, 2019

California Healthcare Leasing Activity Western

Voit Real Estate Arranges $148M Lease to Bring VA Outpatient Clinic to San Diego

by Amy Works April 1, 2019

SAN DIEGO — Voit Real Estate Services has arranged a 20-year, $148 million lease of an existing, 100,000-square-foot facility located at 8875 Aero Drive in San Diego. The United States Department of Veterans Affairs (VA) leased the property from Protea Properties, which acquired the asset in August 2017. Brandon Keith and Kipp Gstettenbauer of Voit’s San Diego office, along with Voit’s Private Client Group, directed the lease. The facility, which is situated on 7.7 acres, will be transformed into a state-of-the-art VA outpatient clinic — the only one of its kind in Southern California. Once completed, the new clinic will total 140,000 square feet and feature significant interior and exterior upgrades, as well as a new multi-level parking structure.

April 1, 2019

Arizona Development Healthcare Office Western

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

Newer Posts

Older Posts

Upcoming Events

Aug
06