EDINA, MINN. — RJM Construction has been selected to complete two clinical build-outs for Allina Hospitals & Clinics within the Centennial Lakes Medical Center in Edina. The 8,300-square-foot project includes space for the Minneapolis Heart Institute and Quello OB/GYN. The two offices are being renovated to include a new X-ray suite, a nuclear medicine suite and three check-in/waiting areas. Completion of the project is slated for late April. RJM is providing construction services, while Mohagen Hansen Architectural Group is providing architectural services.
NEW YORK CITY — An affiliate of the Hospital for Special Surgery has acquired a 30,000-square-foot medical office building in New York City for $24.35 million. The building is located at 429 E. 75th St. within the Hospital Corridor of Manhattan's Upper East Side. Paul Wexler of Corcoran Wexler represented the seller, a partnership between Taconic Investment Partners and ABR Partners. The two companies purchased the property, formerly a parking garage, in 2006 and converted it into medical office condominiums.
ODESSA, TEXAS — Hardin Construction Co. has broken ground on the $11.9 million Center for Health and Wellness at Medical Center Hospital in Odessa. The property will include medical offices, a gym, swimming pools, rehabilitation spaces and urgent care areas. The property will also be the home base for Mission Fitness, an adult-oriented fitness program.
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.