Healthcare

RICHARDS BARRY JOYCE & PARTNERS ARRANGES TWO LABORATORY LEASES

by admin February 21, 2013

LEXINGTON, MASS. — SynapDx Corp. and Promedior Inc. have signed leases totaling 18,424 square feet of laboratory space in Lexington, a northwest suburb of Boston. SynapDx Corp. leased 10,724 square feet at 4 Hartwell Place. Promedior leased 7,700 square feet at 101 Hartwell Avenue. SynapDx is a private company providing laboratory diagnostics to physicians who suspect children of developmental disorders. Pormedior is a clinical stage biotechnology company that is developing biologic therapeutics for the treatment of fibrosis. The landlord was King Street Properties, which was represented by Richards Barry Joyce & Partners in the deal.

February 21, 2013

WISCONSIN ATHLETIC, FROEDTERT, RYAN COS. BREAK GROUND ON $14M FACILITY

by admin February 20, 2013

MENOMONEE FALLS, WIS. — The Wisconsin Athletic Club, Froedtert Health and Ryan Cos. have broken ground on a 90,000-square-foot sports medicine and fitness facility. Located on 10.6 acres near the southwest corner of Pilgrim Road and the U.S. 41 corridor in Menomonee Falls, about 20 miles west of Milwaukee, the building will be anchored by the Wisconsin Athletic Club and Froedtert Health. The Wisconsin Athletic Club will occupy a one-story, 47,500 square-foot portion slated to open this November. Froedtert Health will lease 42,500 square feet of space in a two-story building that will offer a wide variety of sports medicine and orthopedic services scheduled to open Jan. 2014. Ryan Cos. is leading the property development and construction.

February 20, 2013

Healthcare Northeast

SIMONE HEALTHCARE DEVELOPMENT ACQUIRES PARK AVENUE MEDICAL ARTS CENTER

by admin February 20, 2013

NEW YORK CITY — Simone Healthcare Development Group has purchased the Park Avenue Medical Arts Center, a medical condo space at 62 East 88th St. in New York City, for $11.5 million. Located between Park and Madison avenues, the 15-story building was constructed in 1986 and contains 18 residential units in addition to the medical condominium space. The 19,000-square-foot medical property includes a separate private entrance from the residences and a private elevator. Corcoran Wexler Healthcare Properties and CBRE represented the seller, S&H 88th Street Associates, while Wexler represented the buyer in the deal.

February 20, 2013

Healthcare Midwest

BLOCK ACQUIRES TWO HEALTHCARE BUILDINGS FOR MORE THAN $8M

by admin February 19, 2013

INDIANAPOLIS — Block Funds and Block Healthcare Development have acquired two medical buildings in Indianapolis for approximately $8 million. Both buildings were fully occupied at the time of sale. One of the properties, Central Indiana Cancer Center, is located at 6845 Rama Drive and spans more than 19,338 square feet. CyberKnife of Indianapolis, a 108-bed acute care hospital, spans 15,721 square feet and is located at 1346 E. County Line Road.

February 19, 2013

Healthcare Western

THE SCRIPPS RESEARCH INSTITUTE IN LA JOLLA RECEIVES $42M IN FINANCING

by admin February 15, 2013

LA JOLLA, CALIF. — The Scripps Research Institute in La Jolla has received a $42-million loan that will be used to refinance an existing mortgage. The campus features more than 1 million square feet situated on 35 acres near the Pacific Ocean and the Torrey Pines life science submarket. The fixed-rate financing was arranged by Jackson Cloak of Berkadia Commercial Mortgage LLC and Morgan Stanley.

February 15, 2013

Healthcare Western

THE SCRIPPS RESEARCH INSTITUTE IN LA JOLLA RECEIVES $42M IN FINANCING

by admin February 15, 2013

February 15, 2013

Healthcare Midwest

REIT ACQUIRES BLAINE MEDICAL CENTER FOR $14.7M IN MINNESOTA

by admin February 14, 2013

BLAINE, MINN. — The Blaine Medical Center, a 76,637-square-foot medical office building, has sold for $14.5 million to REIT that owns senior living communities. The medical office, located at 11855 Ulysses St. in Blaine, is fully occupied and anchored through May 2022 by Multicare Associates. Gino Lollio and Scott Niedergang of Marcus & Millichap represented the buyer and seller, a partnership between the anchoring physician group in the building and a local developer, in the deal.

February 14, 2013

Healthcare Northeast

HOSPITAL FOR SPECIAL SURGERY ACQUIRES NEW YORK DEVELOPMENT SITE FOR $31M

by admin February 14, 2013

NEW YORK CITY — Hospital for Special Surgery, the nation’s oldest orthopedic hospital, has acquired a development site in Manhattan for $31 million. The property, located at 517 and 523 E. 73rd St. between York Avenue and FDR Drive, can support more than 130,000 square feet of development. The hospital plans to use the site for the expansion of its eastside campus. Vincent Carrega and Jon Epstein of Avison Young’s capital markets group represented the seller, a private family owner.

February 14, 2013

Healthcare Western

CLAREMONT MEDICAL PLAZA SELLS FOR $19.8M

by admin February 13, 2013

CLAREMONT, CALIF. — Claremont Medical Plaza, a 48,984-square-foot medical office building that was specifically built for the Pomona Valley Health System, has sold to a joint venture between CNL Healthcare Properties and Montecito Medical Operating Company. This is CNL’s first medical office building purchase. Montecito purchased its share of the joint venture through its affiliate MMAC Berkshire LLC. Though the JV acquired a majority interest in the building, the seller, StoneCreek Company, will continue to manage the property. The building is currently 89 percent leased. Additional lease commitments are expected to bring the building’s occupancy to 96 percent within a few months. Pomona Valley Hospital Medical Center occupies 77 percent of the building.

February 13, 2013

Healthcare Northeast

ROTHMAN INSTITUTE SIGNS 10-YEAR LEASE IN NEWTOWN, PA.

by admin February 13, 2013

NEWTOWN, PA.. — The Rothman Institute, the largest orthopedic group in metro Philadelphia, has signed a 10-year, triple-net-lease valued at more than $2 million in Newtown. This will be Rothman’s 15th location in the Philadelphia/New Jersey area. The two-story, 11,060-square-foot building is located in The Village shopping center at 1700 S. Eagle Road. Other tenants in the 128,700-square-foot shopping center include PetSmart, Ace Hardware, Olly Shoes, Wendy’s, Sleepy’s and PNC Bank.

February 13, 2013

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