PALM BAY, FLA. — Susan Morris and Kane Morris-Webster of Colliers Arnold's Orlando, Fla., office have brokered the $1.5 million sale of Osler Medical Pavilion between two undisclosed parties. The 17,790-square-foot property faces Palm Bay Road in Palm Bay.
CHICAGO — Rush University Medical Center has selected Reed Construction to complete a build-out for its new Outpatient Cancer Center. Located at 1725 W. Harrison in Chicago, the 45,000-square-foot project includes construction of exam and procedure rooms, new infusion bays for chemotherapy treatment and support staff areas. Loebl, Schlossman & Hackl is providing architectural services for the project, which is scheduled for completion this fall. The project is pursuing LEED Silver certification. Rush University Medical Center is an academic medical center that includes a 671-bed hospital, the 61-bed Johnston R. Bowman Health Center and Rush University.
BONHAM, TEXAS — Clay Meadows of CAM Capital Co. has secured a $3.17 million loan for Red River Regional Hospital. The 25-bed property is located in Bonham. Synergy Bank funded the 25-year loan, which carries an 80 percent loan guarantee from the USDA.
ALTAMONTE SPRINGS, FLA. — Physicians Associates has purchased a 24,102-square-foot office from an undisclosed seller for $3.4 million. The property is located at 235 N. Westmonte Drive in Altamonte Springs. Jason Bantel of Realty Capital represented the buyer. The firm's Austin Caruso, Quentin Caruso and Brian Caruso represented the seller.
ROCK ISLAND, ILL. — Cambridge Realty Capital Cos. has closed an $11.9 million FHA-insured HUD first mortgage loan for St. Anthony’s Nursing and Rehabilitation Center in Rock Island. The loan will be used to refinance the property, which offers 130 skilled beds and 24 board-and-care beds. The fully amortized, 40-year term loan was underwritten by Cambridge Realty Capital Ltd. of Illinois utilizing HUD’s Section 232 MAP funding program.
LACOMBE, LA. — Grubb& Ellis Healthcare REIT II has agreed to buy the 34,000-square-foot Lacombe Medical Office Building from a private party for an undisclosed price. The property is located at 64030 Highway 4343 in Lacombe. The building is fully leased to five tenants specializing in cardiac surgery.
BALTIMORE, MD. —Healthcare Trust of America has signed a purchase agreement with an undisclosed party for the 101,400-square-foot Triad Technology Center. The buyer will purchase the property, located on the Johns Hopkins University Bayview Medical Center Research Campus in Baltimore, for $29.25 million. The space is fully leased to the federal government and houses the National Institute on Aging's Intramural Research Program, the National Institute on Drug Abuse and the National Human Genome Research Institute.
MIAMI — Alex Zylberglait and Ryan Shaw of Marcus & Millichap's Miami office have brokered the $3.75 million sale of Square One Center between two private parties. The 17,600-square-foot medical office building is located at 20880 W. Dixie Highway in Miami. Square One was built in 1999 and houses numerous NNN-leased medical tenants.
CHICAGO — Cambridge Realty Cos. has closed a $12.9 million FHA-insured HUD first-mortgage loan for the refinancing of Alden Village North in Chicago. The skilled pediatric facility offers 128 beds. The fully amortized loan carries a 40-year term and utilized HUD’s Section 232 MAP funding program.
SAN JOSE, CALIF. — Cassidy Turley BT Commercial has brokered the $24 million sale of the more than 13-acre former San Jose Medical Center property located at 725 E. Santa Clara St. in downtown San Jose. Purchasing the property from San Jose Hospital L.P., Santa Clara County will demolish approximately 300,000 square feet of existing medical buildings, while one 30,000-square-foot facility will be left to serve as an urgent-care clinic. Cassidy Turley BT Commercial’s Drew Arvay and Keith Claxton represented the seller in the transaction.