COLUMBIA, S.C. — NAI Avant has brokered the $22.5 million sale of a portfolio of nine Doctors Care facilities throughout South Carolina and Tennessee. Doctors Care, a wholly owned subsidiary of Blue Cross Blue Shield of South Carolina, operates more than 50 urgent and family care facilities with nearly 200 providers focused on providing urgent care, family care, occupational medicine and employee wellness services. Dail Longaker of NAI Avant represented the sellers, Medical Investment Holdings LLC and Port Royal Medical Investments LLC, in the transaction.
IRVING, TEXAS — KDC and Rubicon Representation will develop a 155,000-square-foot, Class A medical office project in two phases at Gateway Drive and State Highway 161 in Irving’s Las Colinas district. Phase I will break ground this fall and will consist of 95,000 square feet anchored by Healthcare Associates. Phase II will break ground shortly thereafter and will consist of 60,000 square feet. The second phase will house an ambulatory surgery center and medical office. The anchor tenant space is currently available. The development is located near DFW International Airport and is within walking distance of the DART Beltline Station. Rubicon Representation assembled the real estate transaction.
NATRONA HEIGHTS, PA. — Progress Capital Advisors has secured a $16.2 million 24-month bridge loan for Harrison Town Square, a retail center located in Natrona Heights formerly known as Heights Plaza. The borrower, Steve Kogut, plans to use the loan to retire current CMBS debt and rebrand the center into a retail/medical destination. Current tenants at the center include a physical rehabilitation center, Planet Fitness, urgent care facilities for University of Pittsburgh Medical Center (UPMC) and Allegheny Health Network, as well as multi-specialty physician practices. Kathy Anderson of Progress Capital arranged the loan for the borrower.
PLANO — Marcus & Millichap has arranged the sale of Ramada Limited Plano, a 100-room hotel located in Plano. Chris Gomes and Joseph Jaques of Marcus & Millichap’s Dallas office, along with Allan Miller of the firm’s San Antonio office, marketed the property on behalf of the seller, a limited liability company. Gomes and Miller procured the buyer, a private investor. Ramada Limited Plano is located at 621 Central Parkway E., near Park Boulevard. Built in 1987, the limited service, interior corridor hotel is situated on 1.8 acres. The property features an outdoor swimming pool, business center, breakfast area and meeting space.
MARQUETTE, MICH. — A joint venture between Skanska and Closner Construction will build a new hospital for Duke LifePoint Healthcare for $206 million. The facility will serve as a replacement hospital for UP Health System – Marquette, also known as Marquette General Hospital. The 164,000-square-foot, 243-bed replacement facility includes approximately 46,000 square feet of diagnostic and therapeutic services and 56,000 square feet of patient care services. Additionally, the project will include an adjoining medical office building and a parking structure. The project is slated for completion in October 2018. The city of Marquette is located in Michigan’s Upper Peninsula. With a population of 21,335, it is the UP’s largest community, according to the city’s website.
BETTENDORF, IOWA — Montecito Medical has acquired a three-story, 59,615-square-foot medical office building in Bettendorf for an undisclosed price. The Class A Terrace Park Professional Center was built in 2004 and is connected to the 139-bed Trinity Medical Center. Onsite specialties include orthopedics, OBGYN, wound care, MRI, neurology, family medicine, pain management and pediatrics. Lockard Development Inc. was the seller in the transaction.
LAMPASAS, TEXAS — Marcus & Millichap has negotiated the sale of the Fresenius Medical Care facility in Lampasas. The 7,000-square-foot, net-leased property is located at 1202 Central Texas Expressway. Scott Ryan of Marcus & Millichap’s Austin office marketed the property on behalf of the seller, a partnership. Ryan also secured the buyer, a private REIT.
BETHESDA, MD. — Capital One Healthcare has provided a $37.8 million loan to CNL Healthcare Properties for a five-property healthcare real estate portfolio in the Triangle region of North Carolina. The portfolio comprises the North Carolina Specialty Hospital in Durham and four medical office buildings in Roxboro, Oxford and Chapel Hill. CNL Healthcare Properties, a non-traded seniors housing and healthcare REIT, is using the loan to refinance the portfolio, which it purchased in June 2015.
HUNTLEY, ILL. — Hammes Co. and the Centegra Health System will open the $230 million, 128-bed Centegra Hospital-Huntley on Tuesday, Aug. 9. Hammes began developing the hospital, located approximately 50 miles northwest of Chicago, in February 2014. In addition to general medical and surgical services, the hospital also features a cardiac catheterization lab, two Level II trauma rooms, a Family Birth Center, a special care nursery and a helipad for critical Flight for Life situations. Centegra Hospital-Huntley created 800 construction jobs and 1,000 permanent jobs. Power Construction was the general contractor, and Kahler Slater was the architect of record. Korda/Nemeth Engineering provided engineering services.
NEWARK, DEL. — Skanska USA will build a $178 million Women and Children’s Health Building for Christiana Care Health System. The facility, to be located in Newark, is slated for completion in January 2020. The eight-story, 387,500-square-foot facility will serve as an expansion to the existing labor, delivery and C-section facility on the Christiana campus. Skanska USA is the general contractor for the project. Work on the site has already begun. The building will feature a neonatal intensive-care unit with private rooms and sleep-in space for families; new and expanded labor and delivery suites; a new labor lounge; private rooms for families after delivery; an expanded triage area; separate admitting and discharge areas; and a continuing care nursery for babies born with health issues. The facility will also offer lab, pharmacy and dietary clinical and support services. The project will also include the expansion of an existing four-level parking garage “Together with Christiana Care Health System and HKS Architects, we will complete a major expansion that provides the Christiana Medical Staff with the resources and space that is required to deliver the highest quality care to patients and their families,” says Ed Szwarc, executive vice president and general manager for New …