Healthcare

BOKA POWELL COMPLETES WORK ON MEDICAL CENTER

by admin July 27, 2012

FRISCO — Dallas-based BOKA Powell has completed work on the 141,500-square-foot Forest Park Medical Center at Frisco Square, a four-story surgical hospital located in Frisco. The hospital features five-star amenities such as VIP patient suites, an upmarket restaurant, upscale ambiance and a grand lobby. The facility consists of 56,000 square feet of medical office space, 34,000 square feet of retail space and a 600-car parking structure. The medical office space features 12 operating rooms, 40 patient rooms and 14 VIP patient suites. Neal Richards Group developed the property.

July 27, 2012

ASCENSION GROUP COMPLETES WORK ON $100M HOSPITAL

by admin July 26, 2012

HARKER HEIGHTS — Ascension Group Architects has finished work on the $100 million Seton Medical Center Harker Heights, located at 850 W. Central Expressway in Harker Heights. The facility is a joint venture between Austin-based Seton Family of Hospitals and Plano-based LHP Hospital Group. The 192,400-square-foot Seton Medical Center is the first new hospital in Bell County in 35 years. The hospital features a full-service emergency department, intensive care units, women's services department, cardiology, interventional cardiology, orthopedics, neurosurgery and imaging and diagnostic services. Sandy, Utah-based Layton Construction was the general contractor for the project.

July 26, 2012

Healthcare Midwest

HEALTHCARE TRUST OF AMERICA AGREES TO BUY RUSH MOB FOR $54M

by admin July 25, 2012

OAK PARK, ILL. — Healthcare Trust of America (HTA) has agreed to buy the Rush Medical Office Building in Oak Park for $54 million. The acquisition is part of a purchase option associated with a mortgage investment made by the REIT in December of 2009. The mortgage was secured by Rush MOB and included an option that would allow HTA the ability to buy the 135,000-square-foot property this summer. Rush University Medical Center is fully leasing the medical office building through 2019.

July 25, 2012

Healthcare Midwest

CONSTRUCTION UNDER WAY ON BONE MARROW TRANSPLANT CENTER

by admin July 25, 2012

ST. LOUIS — McGrath & Associates has started construction on a $1.7 million outpatient bone marrow transplant center at Saint Louis University Hospital. The 9,900-square-foot facility will be the first comprehensive outpatient center of its kind in the region, and is scheduled to open this fall. It will be located within the St. Louis University Cancer Center. Fox Architects is the project architect.

July 25, 2012

Healthcare Texas

HARDIN CONSTRUCTION TO BUILD MEDICAL OFFICE

by admin July 25, 2012

AUSTIN — Hardin Construction Co. has been selected to build a 36,000-square-foot medical office building that will be known as Riverplace Medical Plaza, located in Austin's Four Points neighborhood. Construction is scheduled to begin in August and conclude in summer 2013. Schneider Halls Design will serve as the architect of record and Bury+Parners will serve as the civil engineer. Onair Development owns the property.

July 25, 2012

Healthcare Texas

MCCARTHY TO RENOVATE MD ANDERSON CHILDREN'S HOSPITAL

by admin July 23, 2012

HOUSTON — McCarthy Building Cos. has been selected to renovate The University of Texas MD Anderson Children's Cancer Hospital, located on the ninth floor of the Alkek Tower at MD Anderson in Houston. Construction is under way on the infrastructure upgrade. McCarthy Building completed construction last year on the MD Anderson Cancer Center Alkek Hospital's 12-story vertical expansion.

July 23, 2012

Healthcare Western

LEWIS MEDICAL BUILDING SELLS FOR $9.7M

by admin July 23, 2012

SAN DIEGO – The Lewis Medical building, a 22,461-square-foot medical office building in San Diego, has sold to Coast Income Properties for $9.7 million. The building is located at 330 Lewis Street. It is fully occupied by UC San Diego Health System. The property was purchased as a triple-net leased investment. Coast Income Properties was represented by Paul Braun and Chris Ross of Colliers International. The seller, KAMF San Diego LLC, was represented by Mel Coffman of California Commercial Properties.

July 23, 2012

Healthcare Southeast

TWO MOBS SELL FOR $10.75M

by admin July 20, 2012

CORNELIUS, N.C. — Two medical office buildings totaling 44,893 square feet, located at 19475 and 19485 Old Jetton Road in Cornelius, have sold for $10.75 million. Novant Medical Group anchors the properties. Mark Newell of Merrifield Patrick Vermillion represented Jetton Medical, the seller, in the transaction.

July 20, 2012

Healthcare Northeast

LENNOX HILL HOSPITAL BUYS MEDICAL PROPERTY IN UPPER EAST SIDE

by admin July 17, 2012

NEW YORK CITY — Lennox Hill Hospital has purchased a mixed-use property at 111 East 77th St. between Lexington and Park avenues on Manhattan's Upper East Side for $6.1 million. The 13,000-square-foot property is currently configured as a residential duplex above a medical office space. The office space occupies the ground floor and the majority of the finished basement. Lennox Hill owns two adjacent buildings to the east of the property, as well as a hospital across the street. Thomas Gammino of Massey Knakal represented the seller in the transaction.

July 17, 2012

Healthcare Midwest

MEDICAL BUILDINGS SELL FOR $106.7M, INCLUDING THREE IN MIDWEST

by admin July 13, 2012

LOS ANGELES — American Healthcare Investors and Los Angeles-based Griffin Capital Corp. have acquired 14 medical office buildings in nine states, including Illinois and Indiana. The purchase price was $106.7 million and the portfolio totals 474,000 square feet. In Indiana, the companies purchased the Beyer Medical Building, a 19,000-square-foot medical office in Warsaw. The property is fully leased to the Kosciusko Community Hospital through 2018. The acquisition also included a 30,000-square-foot facility leased to Carle Foundation Hospital in Champaign, Ill., and a 39,000-square-foot building in Lemont, Ill. Additional states included in the deal are Florida, Texas, New Mexico, Hawaii, Alabama, Colorado and South Carolina.

July 13, 2012

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