Healthcare

Brasfield & Gorrie Completes $125M Women’s Hospital in Dallas

by Taylor Williams May 2, 2018

DALLAS — Alabama-based general contractor Brasfield & Gorrie has completed Medical City Women’s Hospital Dallas, a $125 million healthcare project that was developed within the 801-bed Medical City Dallas Hospital. The project added five floors and 222 private rooms to Care Tower D at the complex. Other project features include 24 labor and delivery rooms, 84 neonatal intensive care units, 12 VIP suites and 16 medical/surgical rooms. National architecture firm Perkins + Will designed the property.

May 2, 2018

Development Healthcare Texas

MD Anderson Nears Completion of $97M Center in Metro Houston

by Taylor Williams May 2, 2018

LEAGUE CITY, TEXAS — MD Anderson is nearing completion of its $97 million clinical cancer center at the University of Texas Medical Branch (UTMB) League City campus in the greater Houston area. Completion is slated for September. Construction of a 740-space parking garage on the campus, a project valued at roughly $30 million, is also nearing completion. UTMB has also announced plans to add a five-story wing to the main hospital.

May 2, 2018

Acquisitions Healthcare Texas

Fairfield Arranges $8.5M Sale of 21,500 SF Medical Office Building in Metro Dallas

by Taylor Williams May 1, 2018

CARROLLTON, TEXAS — Denver-based Fairfield Asset Advisors has arranged the $8.5 million sale of a 21,500-square-foot medical office building located at 1601 W. Hebron Parkway in the northern Dallas metro of Carrollton. USMD Health System, a Dallas-based specialty practice, serves as the anchor tenant for the building, which was built in 2015. An undisclosed buyer that specializes in medical office acquisitions recently acquired the property from an undisclosed physician and private investor.

May 1, 2018

Development Healthcare Texas

Everson Breaks Ground on 58,000 SF Medical Office Building in Metro Houston

by Taylor Williams April 27, 2018

SHENANDOAH, TEXAS — Everson Developments has broken ground on a 58,000-square-foot medical office building at 121 Vision Park Blvd. in Shenandoah, a northern suburb of Houston. Designed by Ziegler Cooper, the three-story, Class A property is slated for completion by year’s end. The J. Beard Real Estate Co. is handling leasing of the property and recently secured its first tenant, Gill Plastic Surgery & Dermatology.

April 27, 2018

Acquisitions Healthcare Midwest Wisconsin

Healthcare Trust Acquires 25,466 SF Medical Office Building in Milwaukee for $6M

by Kristin Harlow April 27, 2018

MILWAUKEE — Healthcare Trust Inc. has acquired Aurora Health Center in Milwaukee for $6 million. The 25,466-square-foot outpatient facility and surgical center is 95 percent leased to subsidiaries of Aurora Health Care. Completed in 2000, the property is less than one mile from Aurora’s flagship 882-bed hospital, St. Luke’s Medical Center. Ben Appel, Evan Kovac, Andrew Milne, Anthony Frogameni, Matt DiCesare and Jaime Fink of HFF marketed the property on behalf of the seller, Atkins Cos.

April 27, 2018

Acquisitions Healthcare Mixed-Use Northeast Office Pennsylvania Retail

Colliers Negotiates $2.1M Sale of 7.2-Acre Development Site in Pennsburg, Pennsylvania

by Amy Works April 26, 2018

PENNSBURG, PENN. – Colliers International has arranged the sale of a commercially zoned land located at the southwest corner of Pennsylvania Route 663 and Northgate Boulevard in Pennsburg. PB Northgate purchased the 7.2-acre property, which is approximately 17 miles south of Allentown, for $2.1 million. The buyer plans to develop a medical office building and retail pad site on the land parcel. Derek Zerfass of Colliers International’s office in Allentown, Penn., represented the undisclosed seller, while Markward Group represented the buyer in the transaction.

April 26, 2018

Acquisitions Healthcare Midwest Wisconsin

Stage Acquires 50,000 SF Medical Office Building in Green Bay, Wisconsin for $7.3M

by Kristin Harlow April 26, 2018

GREEN BAY, WIS. — Stage Equity Partners LLC has acquired St. Mary’s medical office building in Green Bay for $7.3 million. The 50,000-square-foot property is fully leased to St. Mary’s Hospital Medical Center and operates under the Prevea Health brand as well as St. Gianna Clinic. The asset is located at 1727 Shawano Ave., directly across from St. Mary’s Hospital Medical Center. Considered part of the hospital campus, the property offers heart care, physical and occupational therapy, behavioral healthcare, fertility care and other specialty services. Stage purchased the asset from its longtime physician owner with a new 10-year lease extension. MB Financial provided acquisition financing.

April 26, 2018

Acquisitions Healthcare Illinois Midwest

Avison Young Arranges Sale of 74,422 SF Medical Office Portfolio in Suburban Chicago

by Kristin Harlow April 24, 2018

JOLIET, MORRIS AND NEW LENOX, ILL. — Avison Young has brokered the sale of a four-building, 74,422-square-foot medical office portfolio in suburban Chicago. The sales price was not disclosed. The properties include: 2614 W. Jefferson St. and 254 Republic Ave. in Joliet; 668 Cedar Crossing Drive in New Lenox; and 1600 W. Route 6 in Morris. All four buildings are fully leased to national healthcare tenants. Erik Foster and Mike Wilson of Avison Young represented the seller, a partnership of physicians associated with Joliet Oncology–Hematology Associates Ltd. The buyer was Franklin, Tenn.-based Community Healthcare Trust.

April 24, 2018

Healthcare Loans Midwest Ohio

KeyBank Arranges $118.7M Financing for Medical Office Portfolio

by Kristin Harlow April 23, 2018

CLEVELAND — Cleveland-based KeyBank Real Estate Capital has arranged $118.7 million in financing for a 20-property medical office portfolio located across 12 states. The borrower, Healthcare Trust Inc., will use the loan to refinance existing debt, facilitate new acquisitions and for general corporate purposes. Charlie Shoop and Joe DeRoy of KeyBank arranged the 10-year loan, which features a fixed interest rate of 4.5 percent. Details of the lender and the properties were not disclosed.

April 23, 2018

Acquisitions Connecticut Healthcare Northeast

O,R&L Commercial Negotiates $1.5M Sale of Former Medical Building in East Hartford

by David Cohen April 20, 2018

EAST HARTFORD, CONN. — O,R&L Commercial has negotiated the sale of a 30,544-square-foot, former medical building in East Hartford for $1.5 million. The buyer, Ash Street Holdings LLC doing business as KIA of East Hartford Inc., plans to completely renovate and expand the building, which is located at 99 Ash St. After renovations, Kia of East Hartford will move from its current location, 540 Connecticut Blvd. Jay L. Morris and Luke Massirio of O,R&L Commercial represented the seller in the transaction, Ash Realty Associates LLC. Colliers International represented the buyer. The vacant property was built in 1981 and is the former home of UCONN Health.

April 20, 2018

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