Healthcare

Whitetop Mountain, Stalco Break Ground on Medical/Research Building in New York

by Amy Works July 8, 2015

SMITHTOWN, N.Y. — Whitetop Mountain Professional Properties and Stalco Construction, serving as general contractor, have broken ground on a medical and research building located in the Village of The Branch, a part of Smithtown. Located at 226 Middle Country Road, the 15,100-square-foot building will be occupied by North Shore-LIJ Health System diagnostic imaging center and the headquarters and product research and development facilities of MIDI, a consulting firm that focuses on medical, life sciences and home healthcare product development. The property will house state-of-the-art medical services and research & development facilities. The project team includes nf architectural designs, Design Bureau of Leonid Krupnik, RMS Engineering and Mottola Rini Engineers.

July 8, 2015

Healthcare Midwest Wisconsin

Altus Commercial Arranges Lease for Comfort Keepers in Waukesha

by Amy Works July 7, 2015

WAUKESHA, WIS. — Altus Commercial Real Estate has arranged a 535-square-foot lease at 2717 Grandview Blvd. in Waukesha, about 20 miles west of Milwaukee. Comfort Keepers, a home-service caregiver provider, has leased the space. Anita Frey of Altus Commercial Real Estate represented both parties in the transaction.

July 7, 2015

Healthcare Massachusetts Northeast

Campanelli Construction Completes 63,000 SF Renovations on High Point Hospital

by Amy Works July 6, 2015

MIDDLEBOROUGH, MASS. — Braintree, Mass.-based Campanelli Construction has completed a 63,000-square-foot renovation of the formerly vacant Cranberry Specialty/St. Luke’s Hospital in Middleborough. The renovation transformed the property into the 72-bed High Point Hospital, a state-of-the-art psychiatric hospital for High Point Treatment Center. High Point currently operates inpatient and outpatient programs in Plymouth, Brockton, New Bedford and Taunton, Mass. The new hospital will create 200 jobs, including physicians, nurses, clinicians, maintenance staff, housekeepers, dietary, mental health and administrative staff, for the area.

July 6, 2015

California Healthcare Western

HCP CIO Paul Gallagher Resigns

by Nellie Day July 2, 2015

IRVINE, CALIF. — Paul Gallagher has resigned from his position as executive vice president and chief investment officer of real estate investment trust HCP Inc. The resignation will be effective June 30, though Gallagher will provide consulting services until March 2016 to smooth the transition. The reason for the resignation was not disclosed. “Paul has been a valued member of our management team and we greatly appreciate his contributions over the past 12 years, especially in growing and diversifying our portfolio,” says Lauralee Martin, HCP’s president and CEO. “We have strong, dedicated investment teams across our real estate sectors, and will continue executing our portfolio strategy with existing and new operating partners.”

July 2, 2015

Healthcare New Jersey Northeast Office

AHS Buys Two Office Buildings in New Jersey for $22.5M

by Jaime Lackey June 19, 2015

MORRISTOWN, N.J. — Atlantic Health System (AHS) has purchased a two-property, 128,000-square-foot medical office and office building portfolio in Morristown from Ivy Realty and CenterSquare Investment Management for $22.5 million. The acquisition includes properties at 55 Madison Avenue and 101 Madison Avenue, both of which are located directly across from the Morristown Medical Center, which AHS also owns. 55 Madison Avenue is an 89,000-square-foot office building; 101 Madison Avenue is a 39,000-square-foot medical office building, which was renovated in 2008. Major tenants include Regus, Keller Williams, Fresenius Medical Care and BioReference Laboratories. The Colliers International team of Jacklene Chesler, Bryn Cinque, and James Bailey represented AHS in the transaction. The HFF investment sales team representing the seller was led by Jose Cruz, Kevin O’Hearn and Robert Borny.

June 19, 2015

Connecticut Healthcare Northeast Office

Goodfellow Represents Landlord in 15,200 SF Medical Office Lease in Newtown, Conn.

by Jaime Lackey June 19, 2015

NEWTOWN, CONN. — Western CT Medical Group (WCMG) has leased 15,200 square feet of medical office space in a building to be constructed at 170 Mt. Pleasant Rd. in Newtown, from Maplewood Healthcare. The two-story, 30,000-square-foot medical office building is expected to be delivered in early summer 2016 and will be the second of two medical office buildings located at 164 and 170 Mt Pleasant Rd. Maplewood Healthcare is a partnership of Maplewood Senior Living and Allegiance Realty Corp. Todd Payne and Bob Cascella of Goodfellow represented the landlord, while Cushman and Wakefield represented the tenant.

June 19, 2015

Healthcare Mixed-Use New York Northeast Office Retail

Simone Development to Complete $35M Redevelopment of Historic Boyce Thompson Institute in Yonkers

by Jaime Lackey June 17, 2015

YONKERS, N.Y. — Simone Development Cos. is redeveloping the former Boyce Thompson Institute property in northwest Yonkers into an 85,000-square-foot mixed-used complex. The property, which is located at the intersection of North Broadway and Executive Boulevard, will be rebranded as the Boyce Thompson Center and will include office space for business and medical use as well as retail stores, banking and two restaurants. The property — once home to a horticulture research center — was built in the 1920s, and Simone plans to restore the property to its original character. The property has remained abandoned for 40 years, with the main building and greenhouses falling into disrepair. Simone’s redevelopment plan includes construction of a new 18,000-square-foot addition that will resemble the existing 52,000-square- foot structure. A glass “greenhouse” will connect the new building with the existing building and will house an information gallery honoring the Boyce Thompson legacy. A two-level 15,000-square-foot, freestanding building will be built at the corner of Executive Boulevard and Executive Plaza; St. John’s Riverside Hospital in Yonkers has signed a lease for this space to be used for medical offices. The entire $35 million project is expected to require 20 months to complete.

June 17, 2015

Healthcare Maine Northeast

JHR Completes Construction on Medical Office Building in Bath, Maine

by Jaime Lackey June 16, 2015

BATH, MAINE — JHR Development of Marblehead, Mass., recently completed Mid Coast Hospital’s new medical practice in downtown Bath. The 20,000-square-foot, two-story healthcare center is valued at $6 million. The property is located at 108 Centre Street and will provide preventive and chronic disease care as well as integrated behavioral health counseling. JHR Development is also in the planning process for a 40-unit condominium community on the Kennebec River in Bath.

June 16, 2015

PennMedicineSouthChesterCountyJennersville-rebo

Healthcare Northeast Pennsylvania

Seavest Healthcare, Anchor Health Open Medical Office Facility in Pennsylvania

by Amy Works June 3, 2015

JENNERSVILLE, PA. — Seavest Healthcare Properties and developer Anchor Health Properties have opened Penn Medicine Southern Chester County in Jennersville, a suburb of Philadelphia. The two-story, 72,000-square-foot facility features primary and specialty care physician offices, diagnostic imaging, physical therapy and laboratory services. Penn Medicine Chester County Hospital, a University of Pennsylvania Health System hospital, The Children’s Hospital of Philadelphia and independent physicians occupy the ambulatory care facility. Seavest, Anchor and physician-tenants own the property.

June 3, 2015

Healthcare Illinois Midwest

Reed Construction Begins Renovations at Illinois Behavioral Health Hospital

by Amy Works June 1, 2015

DES PLAINES, ILL. — Reed Construction has started a renovation project at the former Maryville Behavioral Health Hospital, located at 555 Wilson Lane in Des Plaines. US HealthVest acquired the facility in the fourth quarter of 2014 and renamed the property to Chicago Behavioral Hospital. The improvement program includes 22,000 square feet of internal renovations to the facility’s architectural components on the third and fourth floors, including new patient rooms and large group therapy rooms. Additional renovation includes upgrades to various mechanical, electrical and plumping components, as well as the nurse calling and fire alarm systems. Originally founded in 1883, the faith-based, 125-bed facility provides a range of inpatient and day hospital care for adolescents, including a general psychiatric unit and an intensive care unit. Following the renovations, the facility will expand to include services for adults. Miro Petrovic of US HealthVest is providing architectural services for the project. Construction of the renovated space is slated for completion this November.

June 1, 2015

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