OKLAHOMA CITY — Carter Validus Mission Critical REIT has purchased the 35,000-square-foot HPI Integrated Medical Facility, located in Oklahoma City, for $9.27 million. The property is fully leased to Healthcare Partners Investments (HPI).
ST. LOUIS, MO. — HOK has been named executive architect on the long-term renewal project for the medical center campus on Kingshighway Boulevard in St. Louis, which encompasses Barnes-Jewish Hospital, St. Louis Children’s Hospital and Washington University School of Medicine. The campus renewal project will extend for 10 years. The overall project calls for increased critical care capabilities and additional private inpatient rooms, along with development of programs in medical and surgical services. BJC’s selection committee cited HOK's experience designing some of the world's most transformative healthcare facilities. These projects include the Barnes-Jewish Center for Advanced Medicine in St. Louis, and the expansion of the Ohio State University Medical Center campus in Columbus, Ohio.
DALLAS — McCarthy Building Cos. has been awarded a $23 million, design/build facilities project at the U.S. Department of Veterans Affairs (VA) Dallas Medical Center. The project is the company's first stand-alone, combined heat and power (CHP) cogeneration (COGEN) facility.The project will include a new electrical building and turbine shelter.
RALEIGH, N.C. — The 87,000-square-foot WakeMed Health & Hospitals' Diagnostic Center, located at the corner of New Bern Avenue and Sunnybrook Road in Raleigh at the WakeMed Raleigh Medical Park, has opened. Duke Realty owns and developed the property and will also lease and manage the medical park. The three-story building offers outpatient imaging, lab services and pre-anesthesia testing. It is the first of several healthcare services to be offered in the medical park. Perkins+Will was the architect for the project, and Brasfield & Gorrie was the general contractor.
BEACHWOOD, OHIO — Marcus & Millchap has arranged the sale of a Medical Mutual of Ohio property, a 51,000-square-foot, net-leased property at 23700 Commerce Park Road in Beachwood. The property is fully occupied by Medical Mutual of Ohio, the oldest and largest healthcare insurer in the state. Jason Vitorino of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was a local investor.
BOSTON — Dana-Farber Cancer Institute has signed a 154,100-square-foot lease at Longwood Center in Boston. The leasing agreement places Dana-Farber as the anchor tenant of the 11-story building, which will be located at 360 Longwood Ave. Construction of the building has begun and Dana-Farber anticipates a 2014 move-in date. The new locations will be designed to allow Dana-Farber to expand its translational research initiatives, which are focused in part on accelerating the pace of laboratory discoveries that are converted into clinical uses. Robert Richards and Chris McCauley of Richards Barry Joyce & Partners represented the tenant in the lease. The building developers were represented in-hous
COLUMBIA, S.C. — Fred Ross of Dickinson, Logan, Todd & Barber's Columbia office has arranged an $11.5 million loan for a medical office building portfolio located throughout South Carolina. The properties total 68,386 square feet. A Midwest life insurance company provided the 15-year, fully amortizing loan.
HARKER HEIGHTS — Rendina Cos. has completed construction on the 60,000-square-foot Harker Heights Medical Pavilion, located on the Seton Medical Center Harker Heights campus in Harker Heights. Rendina was responsible for all aspects of development, including construction management, leasing and tenant improvement coordination. The new facility will consist of family practice, cardiology, OB/GYN, orthopedics, ophthalmology, ear, nose and throat, podiatry and emergency medicine. The facility is a collaborative effort between Rendina, LHP Hospital Group and Seton Medical Center Harker Heights.
BOSTON — Developers have broken ground on Longwood Center, a 11-story laboratory building in Boston's Longwood Medical Area. The planned facility will include 414,000 square feet of space adjacent to the Joslin Diabetes Center. A joint venture between National Development, Charles River Realty Investors, Alexandria Real Estate Equities and Clarion Partners is developing the project. The project is scheduled for completion in the fall of 2014.
ARLINGTON AND SUNNYVALE — Dallas-based Caddis Partners has sold two medical office buildings — The Texas Medical Clinic at Arlington in Arlington and Sunnyvale Medical Plaza in Sunnyvale — to an affiliate of American Realty Capital Healthcare Trust. Caddis Partners will continue to manage the properties. The Texas Medical Clinic at Arlington is 66,819 square feet and features space for 40 physicians. The property features an on-site lab, a sleep lab, a conference room and a women's center with diagnostic imaging. The medical office building was developed by Caddis Partners in 2010. Sunnyvale Medical Plaza is 48,910 square feet on the campus of the Texas Regional Medical Center at Sunnyvale. The 70-bed hospital was developed by Caddis Partners in 2009.