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.
Healthcare
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.
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.
SAN DIEGO – A new 1-million-square-foot Naval Hospital has debuted at Camp Pendleton in San Diego. The new Marine Corps Base hospital is replacing an older facility that was built in 1974 near Lake O’Neil. The $456-million hospital will employ about 1,100 physicians, nurses and support personnel. It will serve about 70,000 active-duty and veteran military members, as well as their families. The hospital was built by Clark Construction Group, LLC, and McCarthy Building Companies. It was designed by HKS Architects.
SAN DIEGO – A new 1-million-square-foot Naval Hospital has debuted at Camp Pendleton in San Diego. The new Marine Corps Base hospital is replacing an older facility that was built in 1974 near Lake O’Neil. The $456-million hospital will employ about 1,100 physicians, nurses and support personnel. It will serve about 70,000 active-duty and veteran military members, as well as their families. The hospital was built by Clark Construction Group, LLC, and McCarthy Building Companies. It was designed by HKS Architects.
SAN DIEGO — Alvarado Medical Plaza III, a 51,400-square-foot medical office building in San Diego, has sold to TDA Investment Group for an undisclosed sum. The building is located at 6719 Alvarado Road on the campus of Alvarado Hospital Medical Center. It sits adjacent to San Diego State University. The plaza is anchored by an affiliate of Alvarado Hospital that operates an outpatient surgery center. TDA was represented by Evan A. Kovac of Newmark Grubb Knight Frank. The seller, AMP III LLC, was represented by PMB Brokers, an affiliate of Pacific Medical Buildings.
SUN CITY CENTER, FLA. — Marcus & Millichap has secured the sale of South Bay Medical Arts, a 32,123-square-foot, Class A medical office property located at 4051 Upper Creek Drive in Sun City Center. The office building sold for approximately $3.8 million. Moe Derbala of Marcus & Millichap’s Tampa office represented the seller and secured the buyer, both local private investors.
SAN DIEGO — Alvarado Medical Plaza III, a 51,400-square-foot medical office building in San Diego, has sold to TDA Investment Group for an undisclosed sum. The building is located at 6719 Alvarado Road on the campus of Alvarado Hospital Medical Center. It sits adjacent to San Diego State University. The plaza is anchored by an affiliate of Alvarado Hospital that operates an outpatient surgery center. TDA was represented by Evan A. Kovac of Newmark Grubb Knight Frank. The seller, AMP III LLC, was represented by PMB Brokers, an affiliate of Pacific Medical Buildings.