JACKSON TOWNSHIP, OHIO — Signet Development Ltd. has broken ground on the future headquarters for Spectrum Orthopaedics Inc. in Jackson Township, a southern suburb of Akron. The two-story facility, located at the corner of Frank Avenue and Applegrove Street, will span 44,000 square feet and include medical offices, an MRI suite, a physical therapy suite and a ambulatory surgery center. Spectrum will consolidate four of its existing offices in one location. The project is slated for completion in the fourth quarter of 2014. Signet Equity Partners and Signet Capital provided funding for the project. Ed Matuszak, president, led the Signet Equity Partners team that provided the equity. David Fumi, managing director, led the Signet Capital team that provided the debt.
PHOENIX — UHS of Phoenix LLC has acquired Quail Run, a 67,324-square-foot medical office building in Phoenix for $7.4 million. The Class A facility is located at 2545 West Quail Ave. near John C. Lincoln Deer Valley Hospital.The Universal Health Services Inc. subsidiary plans to convert the foreclosed building into a psychiatric hospital. The building was sold to UHS as an REO property. The seller was SW Loan F., a Delaware Limited Partnership. UHS was represented by Tim Dulany of Colliers International of Greater Phoenix. SW Loan was represented by Capital Asset Management.
PHOENIX — UHS of Phoenix LLC has acquired Quail Run, a 67,324-square-foot medical office building in Phoenix for $7.4 million. The Class A facility is located at 2545 West Quail Ave. near John C. Lincoln Deer Valley Hospital.The Universal Health Services Inc. subsidiary plans to convert the foreclosed building into a psychiatric hospital. The building was sold to UHS as an REO property. The seller was SW Loan F., a Delaware Limited Partnership. UHS was represented by Tim Dulany of Colliers International of Greater Phoenix. SW Loan was represented by Capital Asset Management.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the $4.8 million sale of a 98-bed skiled nursing facility in Fort Worth. Operated as DFW Nursing & Rehab, the property is located at 900 W. Leuda St. Rod Llanos of Marcus & Millichap marketed the asset on behalf of the seller, a partnership, and also secured the buyer, a limited liability company.
WESTOVER HILLS, TEXAS — CBRE has brokered the sale of Warm Springs Rehabilitation Hospital of Westover Hills, a 40-bed rehabilitation hospital in suburban San Antonio. Post Acute Medical operates and holds a 17-year absolute net lease on the 50,000-square-foot facility, located at 10323 State Highway 151. Dallas-based developer Mohr Health LLC and its partner, Dallas-based MedProperties Holdings LLC, sold the property. Jecoah Byrnes, Chris Bodnar, Lee Asher and Scott Herbold of CBRE with Wynn Searle of Mohr represented the seller in the transaction. A private REIT purchased the asset.
SAN DIEGO – Construction is now complete on San Ysidro Health Center clinic and urgent care center in the San Diego submarket of Chula Vista. The 46,016-square-foot center is located at 678 3rd Street. It is scheduled to open for patients this December.The building was originally purchased by San Ysidro Health Center last March for about $12 million. It underwent extensive renovations to accommodate three of the health center’s satellite clinics. They include Chula Vista Family Clinic, Otay Family Health Center and South Bay Family Urgent Care Center. The new space has also allowed the health center to expand its community health services. It now offers behavioral health and dental services, as well as ancillary services like digital X-rays.Construction was completed by Consolidated Contracting Services. Boulder & Associates served as the project architect.
SAN DIEGO – Construction is now complete on San Ysidro Health Center clinic and urgent care center in the San Diego submarket of Chula Vista. The 46,016-square-foot center is located at 678 3rd Street. It is scheduled to open for patients this December. The building was originally purchased by San Ysidro Health Center last March for about $12 million. It underwent extensive renovations to accommodate three of the health center’s satellite clinics. They include Chula Vista Family Clinic, Otay Family Health Center and South Bay Family Urgent Care Center. The new space has also allowed the health center to expand its community health services. It now offers behavioral health and dental services, as well as ancillary services like digital X-rays. Construction was completed by Consolidated Contracting Services. Boulder & Associates served as the project architect.
WARWICK, R.I. — Seavest Healthcare Properties LLC has completed the new $13.9 million, 62,724 square-foot Kent Ambulatory Services Pavilion in Warwick, about 15 miles south of Providence. The facility is located at 455 Toll Gate Road on the campus of Kent Hospital, part of the Care New England Health System. It houses a 31,000-square-foot ambulatory surgery center and medical office space for physicians. White Plains, N.Y.-based Seavest Properties III healthcare real estate fund owns the building, which is leased to Kent Hospital. The Washington, D.C., office of Trammell Crow Co. developed the building for Seavest. Steffian Bradley Architects of Boston designed the facility. Providence-based Dimeo Construction Co. was the general contractor.
MYRTLE BEACH, S.C. — A joint venture between MedSouth Healthcare Properties LLC and Sterling Fox Group LLC has acquired Market Commons Medical, a 20,000-square-foot, two-story medical office building in Myrtle Beach. The Class A office building houses multiple tenants, including DaVita Dialysis.
ALISO VIEJO, CALIF. — Aliso Viejo Medical Center, a 27,192-square-foot medical office building in South Orange County, has sold to a private equity fund for an undisclosed sum. The Class A building is located at 24502 Pacific Park Drive in Aliso Viejo. Kaiser Permanente serves as the center’s main tenant. It signed a five-year lease renewal this past August. The buyer was represented by Guggenheim Realty Group. The seller, Accretive Realty, was represented by Garth Hoganand Todd Perman ofNewmark Grubb Knight FrankGlobal Healthcare Services. They worked in conjunction with Richard Bland of Cornish & Carey Newmark Knight Frank.