HOUSTON — The University of Texas' MD Anderson Cancer Center has purchased a 34.5-acre tract of land in Central Park, a 78-acre commercial development located in Houston's Energy Corridor. Wolff Cos. assembled Central Park in late 2011 and early 2012. Central Park is located on the north side of Interstate 10 between North Eldridge Parkway and State Highway 6. There is approximately 2 million square feet of office space either in construction or in the pipeline in the Energy Corridor, according to Wolff Cos.
BEAVER DAM, WIS. — National Health Investors has purchased the Charleston House, a 120-unit assisted living and memory care facility in Beaver Dam for $20.2 million. Landmark Senior Living Communities will lease the property for 15 years, with renewal options. The property includes one-bedroom apartments, on-site physical therapy and two television lounges.
HOUSTON — The Nora's Gift Foundation has selected Satterfield & Pontikes Construction to build the new 12,000-square-foot Nora's Home hospitality facility near the 45 million-square-foot Texas Medical Center in Houston, the world's largest healthcare campus. The $2.1 million facility will be located at 8300 El Rio St. and will provide lodging and support services for patients and families in a home-like environment. The property will feature 16 private bedrooms and bathrooms, a large commercial kitchen, great room, chapel, garden, community room, education center and free shuttle to the medical center. Satterfield & Pontikes plans to deliver the facility in August 2013. WHR Architects will provide design services, Walter P Moore will provide civil and structural engineering services and Affiliated Engineers will provide mechanical, electrical and plumbing engineering services.
HOUSTON — Griffin-American Healthcare REIT II, co-sponsored by American Healthcare Investors and Griffin Capital Corp., has acquired the 161,000-square-foot Bellaire Medical Center, a long-term acute care center and behavioral rehabilitation hospital located in Houston's Bellaire neighborhood. The hospital takes up an entire city block and is located four miles west of the 45 million-square-foot Texas Medical Center, the world's largest medical campus. Bellaire Medical Center has undergone $6 million worth of capital improvements since 2008, and $6.8 million is slated to be invested to further expand the facility. The medical center is fully leased to Cornerstone Healthcare Group and Ascent Health Corp. Griffin-American acquired the medical center directly from 5314 Dashwood, a subsidiary of PinPoint Commercial. Griffin-American financed the acquisition using $23.5 million from its unsecured line of credit from Bank of America and the remaining with cash on hand.
STOCKBRIDGE, GA. — Ackerman Medical, a division of Atlanta-based Ackerman & Co., has broken ground on its newest medical office building, the 60,000-square-foot Piedmont Physician Center in Stockbridge. The $11 million, three-story Class A building will be located at the entrance of Piedmont Henry Hospital at the intersection of Eagle’s Landing Parkway and Rock Quarry Road. It is set to open in October 2013 and is 60 percent leased. Piedmont Healthcare has taken 15,000 square feet on the second floor and OrthoAtlanta has secured the entire third floor. Henry Physician Center is being privately developed and is owned by a venture of Ackerman Medical, Commercial Assets Group and local physicians on long-term ground leases. John Willig of Ackerman Medical and Mike Tallant of Commercial Assets Group are leasing the property.
OVIEDO, FLA. — Central Florida Regional Hospital, an affiliate of Hospital Corp. of America, has broken ground on a $9.7 million freestanding emergency department on 26 acres at the intersection of Red Bug Lake Road and State Road 417 in Oviedo. The 11,000-square-foot, state-of-the-art satellite facility will operate as a full-service emergency room providing 24/7 emergency care for both pediatric and adult patients. It will also offer comprehensive emergency services including a dedicated trauma room as well as laboratory and imaging services. The single-story emergency care center will include 12 private patient care rooms, a waiting area, nurse station, restrooms and support areas. It will open next fall and employ 35 full-time staff and four emergency care physicians. Charles Perry Partners Inc. (CCPI) is the healthcare project’s construction manager. CCPI specializes in healthcare, institutional, educational, government and commercial construction.
GARDEN CITY, N.Y. — Sabre Investment Group has arranged the $7 million sale of a 28,000-square-foot medical facility in Garden City, which is double net leased to Winthrop University Hospital. A private investor purchased the property, located at 975 Stewart Ave., from Cardiovascular Medical Associates. Corey Gluckstal and Guy Canzoneri of Sabre represented both parties in the transaction.
KATY — MedSpring Urgent Care has opened a new 5,000-square-foot center at 6501 S. Fry Road in Katy. MedSpring will have doctors on-site from 9 a.m. to 9 p.m. seven days a week, including holidays. The center is MedSpring's fifth Houston location and 10th in Texas.
AUSTIN — KW Commercial has arranged the purchase of an 11,395-square-foot, freestanding medical office building, located in south Austin. Nick Nelson and Jim Young of KW Commercial represented the buyer, an out-of-state investor, in the transaction.
BALTIMORE — New York-based Promed Acquisition Inc. has purchased a leasehold interest in four floors of the eight-story Johnston Professional Building on the campus of MedStar Union Memorial Hospital in Baltimore. Johnston Professional LP sold the leasehold interest for $21.75 million. The first four floors are owned and operated by the hospital and the top four floors are subject to a long-term air rights lease. The property is located at 3333 N. Calvert St. and is fully occupied with tenants MedStar Union Memorial Hospital and Greater Chesapeake Orthopedic Associates. Jonathan Carpenter, James Wellschlager and Douglas Brinkley of Cassidy Turley represented the seller.