AUSTIN — Kansas City, Mo.-based Carter Validus Critical REIT has acquired the 27,000-square-foot Stonegate Medical Center, located at 2501 W. William Cannon Dr. in Austin, for $9.1 million. The property features three buildings which house a surgery center, a diagnostic/radiology center and a pain management center.
SAN ANTONIO — Oxford Commercial, an Austin-based subsidiary of Cushman & Wakefield, has arranged the sale of the 223,000-square-foot Legacy Oaks Office Park, a seven-building medical office project located at Fredericksburg Road and Mockingbird Lane in San Antonio. The project is currently 76 percent leased. Rhonda Toming and Jeff Coddington of Oxford Commercial represented the seller, JPMorgan Chase Bank, in the transaction. The buyer was MJR Investments.
SPRINGFIELD, MASS. — Suffolk Construction has completed the first phase of its Baystate Medical Center expansion and facility-replacement project in Springfield. The $296 million new, clinical facility houses a heart and vascular center as well as critical-care and inpatient rooms. Designed by Steffian Bradley Architects, the building totals 641,000 square feet. The construction is part of a 15-year master plan for the hospital — the largest medical facility in Western Massachusetts. Suffolk has started work on the second phase, a new emergency department, which will triple the size of Baystate's existing emergency room.
ARLINGTON HEIGHTS, ILL. — Hamilton Partners has purchased 1615 W. Central, a 30,000-square-foot medical building from a private investor in Arlington Heights. Terms of the deal were undisclosed. Dan O' Neill of Cawley Chicago represented both parties in the transaction.
DECATUR, GA. — The four-building Winn Medical Center, located across from DeKalb Medical in Decatur, has sold for $3.67 million. The buildings total 62,000 square feet. Paul Johnson, Chris Dundon, Dave Linder and Bob Johnson of Grubb & Ellis' Atlanta office represented AB Winn Medical, the seller, in the transaction. Atlanta-based Ackerman & Co., the buyer, was self-represented by Chadd Evans.
DENTON — Stan Johnson Co. has brokered the $5.3 million sale of a 13,100-square-foot medical office building, located on the campus of North Texas Hospital at 2805 S. Mayhill Rd. in Denton. Toby Scrivner, Jeff Matulis and Karen Vinsko of Stan Johnson Co.'s Tulsa, Okla., office represented the buyer, a New York-based institutional REIT, in the transaction.
COLLEGE STATION — Ascension Group Architects has completed a $20.5 million expansion and renovation of College Station Medical Center, located in College Station. The project included relocating the hospital's laboratory services; the addition of two operating rooms and storage space; the addition of more than 30,000 square feet of vertical space to the hospital's tower; the conversion of 13 private rooms in the neonatal intensive care unit; the addition of four labor, delivery and recovery rooms; the addition of four antepartum rooms; and the 5,000-square-foot expansion and renovation of the emergency department. Utah-based Layton Construction was the general contractor for the project.
TAVARES, FLA. — Charles Perry Partners Inc. has commenced construction on the $6.6 million, 28,485-square-foot Lake County Emergency Communications & Operations Center, located in Tavares. Winter Park, Fla.-based Architects Design Group designed the property, which is slated for completion in January 2013. It will replace the current emergency operations center in the County Administration Building.
CHICAGO — Reed Construction has been selected to complete a build-out project for Women's Health Consulting at 200 S. Michigan Ave. in Chicago. Women's Health is a fertility and pregnancy management practice comprised of physicians affiliated with Rush University Medical Center in Chicago. The medical group is relocating to the new space from 55 E. Washington. The 7,000-square-foot project will includes the addition of 10 exam rooms as well as private doctor and staff offices. Jeremy Raridon of Reed Construction is the project manager and D&K Architects will provide architectural services. The project is scheduled for completion this April.
STOCKBRIDGE, GA. — Piedmont Henry Hospital and Ackerman Medical have plans to build the $11 million, 60,000-square-foot Henry Physician Center, located at the intersection of Eagle's Landing Parkway and Rock Quarry Road in Stockbridge. The 3-story building will be located at the entrance of the hospital's campus. Groundbreaking is scheduled for this summer, with completion slated for early 2013.