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.
Healthcare
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.
BALTIMORE — NexCore Group LP, a national healthcare real estate developer, has completed a $24 million outpatient facility in Baltimore. The facility, the Angelos Medical Pavilion, is located on the campus of Saint Agnes Hospital, which recently underwent a $200 million renovation and expansion. The four-story, 85,800-square-foot Angelos Medical Pavilion is part of the campus expansion. The new facility houses physician office space, clinic space and hospital programs such as the Saint Agnes Cancer Institute and the Saint Agnes Cardiovascular Institute.
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 of Newmark Grubb Knight Frank Global Healthcare Services. They worked in conjunction with Richard Bland of Cornish & Carey Newmark Knight Frank.
WEST CHESTER, OHIO — TriHealth and Duke Realty have broken ground on the 48,910-square-foot Group Health Medical Office – West Chester in suburban Cincinnati. Indianapolis-based Duke Realty will develop, own and manage the facility, located at 8040 Princeton Glendale Road in West Chester, about 20 miles north of Cincinnati. The design of the facility will be based on a medical home model, which includes practices and services that are in close proximity and shared spaces such as check-in/check-out and administration. The design is intended to minimize the amount of time patients need to move around the facility for care, according to Jerry Oliphant, executive vice president and COO of Cincinnati-based TriHealth. GBBN Architects is designing the facility. The medical office building development is slated for completion by September 2014.
LOS ANGELES – A pair of Southern California medical office portfolios has received $240 million in refinancing. A five-building portfolio in the Golden Triangle district of Beverly Hills received a seven-year, $176.5 million loan. Itcontains medical office and retail properties. A three-building portfolio spread throughout Southern California received a five-year, $63.5 million loan. The Golden Triangle Collection contains a total of 233,980 square feet near Cedars-Sinai Medical Center and UCLA Medical Center. The latter portfolio contains a total of 194,253 square feet. The assets are located in Sherman Oaks, Santa Clarita and La Jolla. Financing was secured by Reid McGlamery and Michael Zietsman of Jones Lang LaSalle, who worked on behalf of G&L Realty. Both loans were supplied by U.S. Bank.
LOS ANGELES – A pair of Southern California medical office portfolios has received $240 million in refinancing. A five-building portfolio in the Golden Triangle district of Beverly Hills received a seven-year, $176.5 million loan. Itcontains medical office and retail properties. A three-building portfolio spread throughout Southern California received a five-year, $63.5 million loan. The Golden Triangle Collection contains a total of 233,980 square feet near Cedars-Sinai Medical Center and UCLA Medical Center. The latter portfolio contains a total of 194,253 square feet. The assets are located in Sherman Oaks, Santa Clarita and La Jolla. Financing was secured by Reid McGlamery and Michael Zietsman of Jones Lang LaSalle, who worked on behalf of G&L Realty. Both loans were supplied by U.S. Bank.
DURHAM, N.C. — Skanska USA has been awarded a $33 million contract for the construction of a new 125,700-square-foot facility at the Duke Eye Center in Durham. Construction is underway on the property, located in the parking lot adjacent to the existing Wadsworth Building. Skanska USA expects to wrap up construction in the fall of 2015. The new property will expand Duke Eye Center's existing footprint with more space to receive and treat patients.
PETERSBURG, VA. — Rendina Cos. has completed the new Southside Regional Medical Arts Pavilion, a two-story, 32,500-square-foot medical office building located in Petersburg. The new property is located on the campus of Southside Regional Medical Center, a Community Health Systems Hospital located at 200 Medical Park Blvd. The new property houses a cancer center, digital women's imaging center and general medical and obstetrical office space for physicians. The design team for the new facility includes Norfolk, Va.-based general contractor VIRTEXCO Corp. and Nashville, Tenn.-based architect Davis Stokes Collaborative.
LOVELAND, COLO. — Healthcare Realty Trust has purchased North and South Medical Office Buildings, a 150,291-square-foot medical office campus in Loveland, for $55 million. The campus is connected to the Medical Center of the Rockies, which is situated at 2500 Rocky Mountain Ave. within the master-planned community of Centerra. Loveland is located in northern Colorado's Front Range region. Healthcare Realty was represented by Rick Calhoun and Henry Wojdyla of NAI Shames Makovsky National Healthcare Acquisitions Group. The seller, MCR-MOB I, LLC and MCR-MOB II, LLC, was represented by McWhinney, the project’s developer.