TALLADEGA, ALA. — Walker & Dunlop has arranged a $7.8 million loan through HUD's Section 223(a)(7) Streamline Refinance Program for the 234-bed Talladega Healthcare Center, located at 616 Chaffee St. in Talladega. Jay Healy of Walker & Dunlop's Atlanta office secured the 30-year fully amortizing loan.
SHAKOPEE, MINN. — NorthMarq Capital's Minneapolis office has arranged $3.75 million in first mortgage financing for Dean Lakes Medical Office Building, a 20,000-square-foot building located at 4201 Dean Lakes Blvd. in Shakopee, Minn. Financing was based on a five-year term and a 25-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with Bremer Bank-Minnesota.
WARWICK, R.I. — Webster Bank recently provided $10 million in construction financing for the new $13.6 million Ambulatory Surgery and Medical Office Center at Kent Hospital in Warwick, R.I. Construction of the 62,454-square-foot medical office building began in May, and the facility is slated to open in summer 2012. The Washington D.C. office of Trammell Crow Co. is developing the building for Seavest Inc. The architect is Boston-based Steffian Bradley Architects, and Providence, R.I.-based Dimeo Construction Co. is the general contractor.
TEXAS — Murfreesboro, Tenn.-based National Health Investors has completed a $49.8 million sale-leaseback transaction with Legend Healthcare for four skilled nursing facilities in Texas, which are leased to Legend for 15 years. Legend has the option to purchase the facilities after 7 years.
OMAHA— Omaha-based Darland Construction Co. recently completed construction of the Harold M. and Beverly Maurer Center for Public Health at the University of Nebraska Medical Center campus in Omaha. The 62,600-square-foot, three-level building cost a reported $15 million. The facility includes 106 offices and an 80-seat, theater-style classroom. The facility was designed by Alley Poyner Macchietto Architecture and Adam Simpson of Darland was the project manager.
GLENDALE, WIS. — Grandbridge Real Estate Capital has originated and closed a $2.9 million first mortgage loan secured by a medical office building. The loan refinanced an existing full-recourse bank loan. Located in Glendale, Wis., the 25,044 square foot building was built in 2003. Rob Meister of Grandbridge's Milwaukee office arranged the 10-year fixed rate loan through American Equity Investment Insurance Co.
PHILADELPHIA — Malvern, Pa.-based Liberty Property Trust, in joint partnership with Parkway Corp., has broken ground on Pennsylvania Medicine at Washington Square, a new 12-story medical facility in Philadelphia. The 153,242-square-foot high-rise will be developed atop an existing parking garage on the southwest corner of 8th and Walnut Streets. Pennsylvania Medicine has signed a 20 year lease for the facility. Liberty's investment in the project will be $49.6 million and Pennsylvania Medicine will invest $22 million for the interior fit-out. The building is scheduled to open in the summer of 2013. Pennsylvania Medicine at Washington Square will house outpatient services for Pennsylvania Hospital.
SAN ANTONIO — Stockholm, Sweden-based Skanska USA has signed an $80 million contract to construct Phase II of Wilford Hall Ambulatory Surgical Center at Lackland Air Force Base in San Antonio. The project includes a 27,700-square-foot addition for the U.S. Army Corps of Engineers. Skanska is expected to begin construction in November and completion is slated for September 2013.
BOYNTON BEACH, FLA. — A joint venture between Flagler Investment and Investcorp Real Estate has purchased the 133,473-square-foot Bethesda Health City, a medical office building located at 10301 Hagen Ranch Rd. in Boynton Beach, from Bethesda Healthcare Systems for $37 million in an off-market transaction. Charles Foschini, Christopher Apone and Christian Lee of CBRE's Miami office arranged $26.3 million in acquisition financing for the buyer. The 10-year loan has a 30-year amortization schedule.
GRANDVIEW, MO. — Kansas City, Mo.-based Block Real Estate Services LLC will open the 20,000-square-foot Grandview Medical Building Oct. 31 in Grandview, Mo. Located at 7201 E. 147th St., the roughly $4 million building will serve as an addition to New Grandview Triangle. Tenants include Hickman Mills Clinic, Carondelet Health and Albers Medical Pharmacy.