DALLAS — Hammond Hanlon Camp LLC, a healthcare investment banking firm, has advised SRP Medical and Forest Park Medical Center on the $26.75 million sale of Forest Park Pavilion, a 69,000-square-foot medical office building in Dallas. Healthcare Trust of America, a publicly traded REIT, has purchased the property, which is fully leased to Forest Park Medical Center and third-party physicians. Forest Park Pavilion is part of the Forest Park Medical Center campus.
INDIANAPOLIS — Lancaster Pollard has arranged $39 million in loans for the refinancing of seven nonprofit skilled nursing and skilled pediatric facilities in Indiana and Illinois, owned by Hoosiers Care. The facilities include: Exceptional Living Center of Brazil in Brazil, Ind.; Randolph Nursing Home in Winchester, Ind.; Richland Bean-Blossom Health Care Center in Ellettsville, Ind.; Vernon Manor Children’s Home in Wabash, Ind.; Exceptional Care and Training Center in Sterling, Ill., Swann Special Care Center in Champaign, Ill., and the Walter J. Lawson Children’s Home in Loves Park, Ill. Steve Kennedy and Chris Blanda led the Lancaster Pollard team that arranged the loans through the FHA 232/223(f) program.
HOUSTON — McShane Healthcare Solutions has completed a new 35,240-square-foot sports medicine and athletic facility, located within the Houston Amateur Sports Park at 12211 Kirby Drive in Houston. The owner, Competitive Edge Sports (CES) Performance, occupies an 18,505-square-foot custom, high-bay space within the new complex. The Methodist Center for Sports Medicine, the official healthcare provider of the Houston Texans, Astros, Dynamo, Rice Athletics, Houston Rodeo, Houston Symphony, Houston Ballet and the Houston Grand Opera, occupies 7,000 square feet in the complex. The single-story facility will also serve as the permanent training center of the Dynamo soccer team, with the team occupying 5,125 square feet of space. Cadence McShane Construction Co. provided the design/build construction services, and Houston-based Seeberger Architecture will provide architectural services.
TEHACHAPI, CALIF. – Tehachapi Health Care District Hospital, a new $56-million, 78,979-square-foot hospital, will soon break ground in Tehachapi. The 25-bed facility will replace the hold hospital, which does not meet current California Seismic Safety Standards. Construction will commence in February and is scheduled for completion in 2015. Tehachapi is southeast of Bakersfield and just west of the Mojave Desert. The hospital will be built by a joint venture between Bernards and Colombo Construction Company, which will provide construction management services for the Tehachapi Health Care District. The facility will be designed by Stephen Wen of SWA Architects.
SAN ANTONIO — Construction is nearly under way on the new 150,000-square-foot Forest Park Medical Center, located at 5510 Presidio Parkway in northwest San Antonio. The full-service hospital will feature 54 beds, 12 operating rooms, two procedure rooms, diagnostic imaging suites, a laboratory, pharmacy and cafeteria. The hospital is slated for a second half 2014 delivery. The project team for the hospital includes BOKA Powell (design architect), Neal Richards Group (owner/developer), Rogers-O'Brien (general contractor) and Vibrant Healthcare (operator).
KATY, TEXAS — The U.S. Department of Veterans Affairs is opening the new 30,000-square-foot Katy VA Outpatient Clinic, located at 750 Westgreen Blvd. in Katy, this summer. The facility will provide primary healthcare, mental healthcare, women's specialty care, X-rays, telemedicine, teleretinal imaging, pharmacy, optometry and audiology services. The property will be 40 percent leased to the VA, and the facility is only the second VA location in the Houston area. J. Beard Real Estate Co. will serve as the leasing agent for the medical center.
TEHACHAPI, CALIF. – Tehachapi Health Care District Hospital, a new $56-million, 78,979-square-foot hospital, will soon break ground in Tehachapi. The 25-bed facility will replace the hold hospital, which does not meet current California Seismic Safety Standards. Construction will commence in February and is scheduled for completion in 2015. Tehachapi is southeast of Bakersfield and just west of the Mojave Desert. The hospital will be built by a joint venture between Bernards and Colombo Construction Company, which will provide construction management services for the Tehachapi Health Care District. The facility will be designed by Stephen Wen of SWA Architects.
AURORA, ILL. — NAI Hiffman will oversee property management and leasing for Rush Copley Physician Office Buildings I and II, which total approximately 160,000 square feet, in Aurora, Ill., some 40 miles west of Chicago. Both buildings are situated on the Rush Copley Medical Center campus and were recently purchased by American Realty Capital Healthcare Trust Inc., which awarded NAI Hiffman the assignment. The Class A medical office buildings provide physicians with suites ranging in size from 1,500 to 5,000 square feet. While Physician Office Building I is fully leased, Brian Edgerton and Mike Van Zandt of NAI Hiffman will market existing availabilities at Physician Office Building II.
BAYTOWN, TEXAS — Marcus & Millichap has arranged the sale of Goose Creek Retirement Community, a 391,064-square-foot vacant hospital building located at 1101 Decker Drive in Baytown. Doug O'Toole and Rod Llanos of Marcus & Millichap's Houston office represented the seller, a financial institution, in the transaction. O'Toole also secured and represented the buyer, a limited liability company.
CLARKSBURG, W. VA. — Highland-Clarksburg Hospital has secured a $34.8 million construction loan for necessary renovation costs on the hospital in Clarksburg. The newly formed Highland-Clarksburg Hospital Inc. was approved to operate a 150-bed behavioral health facility in the former United Hospital Center. Once fully operational, Highland plans to employ 294 staff members. Highland-Clarksburg Hospital secured the loan through Huntington Bank and USDA Rural Development, which is providing the hospital with a $21 million loan through its Community Facilities Program in addition to $13.8 million in permanent financing provided by Huntington. Associated Architects is designing the renovation and RC General Contractors is serving as the construction manager.