MURRELLS INLET, S.C. — Flagship Capital Partners, the investment affiliate of Charlotte, N.C.-based Brackett Flagship Properties, has acquired the 17,694-squarefoot Inlet Medical & Dental Center office building in Murrells Inlet. Flagship purchased the property through Flagship Healthcare Real Estate Fund, its recently launched private equity fund. Inlet Medical Associates, an affiliate of Roper Saint Francis physician practice, anchors the building that is 100 percent leased. Other tenants include Adult & Children’s Dentistry, Bio Identical Hormones, Clinical Research Authority and Myers Podiatry Clinic.
SIMSBURY, CONN. — St. Francis Hospital has opened its seventh access center, Saint Francis Care at Simsbury, which will provide medical services to 225,000 people within a 15-mile radius of the site. The 10,000-square-foot facility, located at 30 Dorset Crossing, will include physician offices, laboratory services, integrative medicine, behavioral health and health promotions programs. The facility also includes a community room for public lectures. New England Urgent Care, another tenant at the facility, will provide treatment for non-life threatening emergencies. Keystone Cos. is the developer of the project.
WACO — Johnson Development has plans to develop a $16 million, 60,000-square-foot medical office facility on the campus of Providence Healthcare Network in Waco. The two-story facility will house family practice physicians, pediatricians and pediatric sub-specialists. The facility will also have capabilities for physical, speech and occupational therapy, imaging, lab and retail pharmacy space. Johnson Development expects to break ground on the facility this fall and to deliver by fall 2013.
MILLEDGEVILLE, GA. — Skanska USA has broken ground on Georgia Military College’s new 56,250-square-foot Health and Wellness Center in Milledgeville. The fitness center will include 9,000 square feet of weight and cardio training spaces and an elevated walking and running track. Skanska USA’s building business unit is managing the construction of the Health and Wellness Center.
VALPARAISO, IND. — Construction is complete on a $12 million medical office building on the Community Health Systems' Porter Regional Hospital campus in Valparaiso. The Sanders Trust, in partnership with hospital-based physicians, owns the 60,000-square-foot property. The facility will house Porter Hospital departments and a cancer care center. Robins & Morton constructed the project and Gresham, Smith and Partners provided architectural services.
BROKEN ARROW, OKLA. — Sperry Van Ness/William T. Strange & Associates LLC (SVNWTS) has arranged the $2.4 million sale of the 36,218-square-foot Berkshire Medical Plaza, located at 1615-1621 Eucalyptus in Broken Arrow. The property was built in 2000 and is 50 percent occupied. Ryan McNeill and Tim Strange of SVNWTS represented the seller, RCB Bank, in the transaction. Dr. Jeff McIllroy was the buyer.
PLANO — Ascension Group Architects has recently completed the $2.5 million build-out of Children's Medical Center at Legacy's Ambulatory Care Pavilion in Plano. The build-out included 3,400 square feet of shell space on the second floor and 10,400 square feet of shell space on the fourth floor. Dallas-based Balfour Beatty's Fort Worth office handled general contractor duties for the project.
GLENDALE, ARIZ. – The 103,216-square-foot Arrowhead Health Center in Glendale has sold to Archway Holdings Corp. for $20 million. The center, formerly known as Arrowhead Orchards Medical Office Building, contains two institutional-quality medical buildings that sit adjacent to the 217-bed Arrowhead Hospital. They are currently 65 percent leased. Archway was represented by Braxton Glass of Orion Investment Real Estate. The seller was Ventas REIT. Lucent Capital arranged the financing for the property’s acquisition and repositioning.
TAMPA, FLA. — Florida-based Stevens Construction has started construction of a multi-phase revitalization of Florida Hospital Tampa. The master project includes both interior and exterior updates to the building, located at 3100 E. Fletcher Ave. in Tampa. Exterior updates include 202,732 square feet of updated exterior vertical wall surface, the addition of more than 30,000 square feet of impact-rated glass windows on the South, Main and North Towers, and new lighting features. The interior renovation of 355 patient rooms will include new flooring and painting. Florida Hospital Tampa will remain operational throughout the entire project, which is set for completion in the summer of 2014.
GLENDALE, ARIZ. – The 103,216-square-foot Arrowhead Health Center in Glendale has sold to Archway Holdings Corp. for $20 million. The center, formerly known as Arrowhead Orchards Medical Office Building, contains two institutional-quality medical buildings that sit adjacent to the 217-bed Arrowhead Hospital. They are currently 65 percent leased. Archway was represented by Braxton Glass of Orion Investment Real Estate. The seller was Ventas REIT. Lucent Capital arranged the financing for the property’s acquisition and repositioning.