Healthcare

$15 MILLION EXPANSION PLANNED FOR BETHESDA HEALTH GROUP

by admin March 24, 2010

ST. LOUIS COUNTY, MO. — Bethesda Health Group has selected St. Louis-based Paric Corp. to lead a $15 million expansion project at its South St. Louis County campus. The project includes a 64,000-square-foot addition to the existing campus on Telegraph Road. The campus offers multiple levels of care, including rehabilitation, therapy and adult daycare services. Gray Design Group provided architectural services for the project, which is scheduled for completion in early 2011. Engineering services were provided by Civil Engineering Design Consultants, KPFF Consulting Engineers and G&W Engineering Corp.

March 24, 2010

MARCUS & MILLICHAP HANDLES $5.5 MILLION MOB SALE IN VALLEY OF THE SUN

by admin March 19, 2010

PHOENIX — Marcus & Millichap has brokered the $5.5 million sale of the approximately 81,332-square-foot North Valley Medical Plaza located at 3811 E. Bell Road in northeast Phoenix. The brokerage firm’s Steve Gonzalez represented the sellers, Snowflake Holdings LLC and Phoenix North Star Limited Partnership, in the transaction; the buyer was 3811 Bell Medical Properties LLC. Constructed in 1993, North Valley Medical Plaza is located on the Paradise Valley Hospital Campus.

March 19, 2010

Healthcare Texas

SECOND HILLCREST MEDICAL CENTER OFFICE BUILDING FINISHED

by admin March 18, 2010

WACO, TEXAS — Lillibridge and Seavest have completed the 59,000-square-foot Office Building II at Hillcrest Baptist Medical Center in Waco. The three-story property, which houses physician practices and services, is located near the Women's & Children's Center. The two companies developed the 107,000-square-foot Office Building I on the campus last year.

March 18, 2010

Healthcare Southeast

HEALTHCARE TRUST OF AMERICA BUYS JACKSONVILLE MOB FOR $10M

by admin March 15, 2010

JACKSONVILLE, FLA. — Healthcare Trust of America has purchased the 53,169-square-foot King Street Medical Office Building from an undisclosed seller for $10.77 million. The Jacksonville property is located on the campus of St. Vincent's Medical Center. The building is fully leased by the Gary and Nancy Chartrand Heart & Vascular Center. Healthcare Trust of America represented itself in the transaction.

March 15, 2010

Healthcare Midwest

HFF SECURES CONSTRUCTION LOAN FOR INDIANA U. PROJECT

by admin March 15, 2010

BLOOMINGTON, IND. — The Indianapolis office of Holliday Fenoglio Fowler (HFF) has secured $2.5 million in construction and mini-permanent financing for a 50-bed student housing project currently under construction near the campus of Indiana University in Bloomington. The loan consists of a construction loan and a 20-year loan with rate resets every 5 years. The proceeds will be used by the borrower, 16th & Dunn LLC, to finish construction of the project. Known as Cherry Hill Manors, the community is located at 1309 N. Dunn St. It consists of five duplex buildings with five beds per unit. The property is fully pre-leased and scheduled for delivery prior to the start of the fall semester. Jon Everson of HFF arranged the loan on behalf of the borrower through a bank.

March 15, 2010

Healthcare Texas

TRAMMELL CROW STARTS WORK ON SAN ANTONIO MOB

by admin March 12, 2010

SAN ANTONIO — Trammell Crow Co. has broken ground on the 72,000-square-foot Westover Hills Medical Plaza II on the CHRISTUS Santa Rosa Hospital-Westover Hills campus in San Antonio. The building, owned by Partners Health Trust, will join a 60,465-square-foot medical office property, which was built in 2007 and is fully leased. Delivery of the new building is slated for December.

March 12, 2010

Healthcare Texas

$4 MILLION LOAN ARRANGED FOR BAYLOR MEDICAL PLAZA

by admin March 12, 2010

HEATH, TEXAS — David Mott of NorthMarq Capital's Dallas office has secured a $4 million loan for Baylor Medical Plaza. The 35,485-square-foot medical office building is located in Heath. A community bank financed the 5-year loan, which carries a 25-year amortization schedule.

March 12, 2010

Healthcare Texas

FORTH WORTH MEDICAL OFFICE BUILDING PURCHASED

by admin March 11, 2010

FORT WORTH, TEXAS — Robinson Family Trust has sold a 14,886-square-foot medical office building to Alberto Flores MD for an undisclosed amount. Flores will move his practice into the first floor of the three-story property, which is located at 1220 N. Main St. in Fort Worth. Theron Bryant of SCM Real Estate Services represented the seller. KW Commercial Real Estate's Tim Clark represented the buyer.

March 11, 2010

Healthcare Southeast

$15 MILLION FORT LAUDERDALE WOMEN'S CENTER UNDER WAY

by admin March 10, 2010

FORT LAUDERDALE, FLA. — Stiles Construction has begun work on a $15 million renovation of 55,000 square feet of Holy Cross Hospital space, which will be repurposed as the Dorothy Mangurian Comprehensive Women's Center. The property is located in the Holy Cross Healthplex at 1000 NE 56th St. in Fort Lauderdale. The center will encompass education and community rooms, a cuisine center, a chapel, doctor's offices and a library. Philanthropic donations funded the project, which was designed by Gresham Smith.

March 10, 2010

Healthcare Southeast

HEALTHCARE TRUST BUYS METRO ATLANTA MEDICAL PORTFOLIO

by admin March 8, 2010

EAST POINT, GA. — Healthcare Trust of America has purchased an 80,562-square-foot medical office portfolio from Tenent Healthcare Corp. for $19.55 million. The properties, located on the Camp Creek Medical Center campus in East Point, were developed by Ackerman & Co. The portfolio is currently 94 percent leased. Healthcare Trust of America now owns more than 500,000 square feet of medical space in Georgia.

March 8, 2010

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