Healthcare

The Wellness Village in Mead Valley, California

PMB Tops Out $580M Behavioral Health Campus in Mead Valley, California

by Channing Hamilton February 21, 2025

MEAD VALLEY, CALIF. — Local developer PMB, in partnership with the Riverside University Health System, has topped out The Wellness Village in Mead Valley, a $580 million behavioral health campus located about 25 miles south of San Bernadino, Calif. Upon completion, the campus will serve as a mental health urgent care and crisis residential program for children under the age of 13. The Wellness Village will provide a range of services, including urgent behavioral health treatment, supportive housing and outpatient care. The facility will also house primary and specialty medical care practices, as well as dental services, substance use disorder treatment and an on-site pharmacy. More specifically, Wellness Village will include: Additionally, the property will offer amenities designed to promote community interaction and holistic recovery, such as green spaces and gardens, sports courts, an activity lawn, public market/café and community meeting space for local events and activities. Construction on The Wellness Village is slated to complete in 2026. Boulder Associates is the project architect, while Snyder Langston is the design-builder. PMB Real Estate Services will serve as the property manager. Financing sources for the development include Morgan Stanley, JLL, Kensington Advisors, P3 Foundation, Advocates for Human Potential Inc. and the …

February 21, 2025

Acquisitions Healthcare Michigan Midwest

Dominion Arranges Sale of Medical Office Condo in Flint Township, Michigan

by Kristin Harlow February 21, 2025

FLINT TOWNSHIP, MICH. — Dominion Real Estate Advisors LLC has arranged the sale of a 1,632-square-foot medical office condominium in Flint Township for an undisclosed price. The property at 1128 S. Linden Road is situated near Flint’s “Medical Mile,” which is home to major hospitals such as Hurley Medical Center and McLaren Hospital. James Mitchell of Dominion represented the seller, Imperial Holdings LLC also known as Imperial Wellness Center LLC. Jack Fox of Piper Realty Co. represented the buyer, Peace of Mind Counseling LLC, which will use the premises for counseling services.

February 21, 2025

Acquisitions Healthcare Northeast Pennsylvania

ESJ Capital Buys Medical Office Complex in Langhorne, Pennsylvania, for $16M

by Taylor Williams February 20, 2025

LANGHORNE, PA. — Florida-based investment firm ESJ Capital Partners has purchased Oxford Court, a medical office complex in Langhorne, located northeast of Philadelphia, for $16 million. The nine-building, 152,310-square-foot complex was roughly 70 percent leased at the time of sale to tenants such as Quest Diagnostics, DaVita, LabCorp and the American Red Cross. The new ownership plans to invest about $16 million in capital improvements across the portfolio, including upgrading HVAC systems, adding new roofing, updating wayfinding signage and modernizing vacant spaces. The seller was not disclosed.

February 20, 2025

California Development Healthcare Retail Western

Ware Malcomb Completes USC Campus Pharmacy Interior Redesign Project in Los Angeles

by Amy Works February 20, 2025

LOS ANGELES — Ware Malcomb has completed the interior design build-out of a pharmacy location at the University of Southern California (USC) in Los Angeles. The firm provided interior architecture and design services for the tenant improvement project, totaling 2,819 square feet. HC Olson Construction served as general contractor for the project. The redesign enabled the university’s pharmacy services at the USC University Park Campus in Los Angeles to move into a larger location that is near other health services to better serve students, staff and the public. The pharmacy includes a retail area with product display, two consultation rooms, a waiting area, dedicated receiving area for deliveries, compliant staff restroom and a break room. Additionally, the building’s footprint can accommodate Script Pro, a pharmacy robot that fills prescriptions, and its infrastructure includes uninterruptible power supply (UPS) battery backups for pharmacological systems and technology.

February 20, 2025

Cooper-University-Health-Care-Camden-New-Jersey

Development Healthcare New Jersey Northeast

Cooper University Health Care Breaks Ground on 335,000 SF Facility in Camden, New Jersey

by Taylor Williams February 19, 2025

CAMDEN, N.J. — Cooper University Health Care has broken ground on a 335,000-square-foot facility in Camden, located outside of Philadelphia in Southern New Jersey. The 10-story patient tower will feature 125 private rooms, additional operating rooms and research/education areas. In addition, the building will connect to several of the healthcare provider’s existing facilities, including the MD Anderson Cancer Center, via a new pedestrian bridge. HKS Architects and Array Architects designed the facility, and the engineering team includes O’Donnell & Naccarato, Langan, BR+A Consulting Engineers and Highland Associates. Completion of the project, which is part of a larger $3 billion expansion to the provider’s Camden footprint, is slated for 2028.

February 19, 2025

Memorial-Hermann-Convenient-Care-Center-League-City

Healthcare Loans Texas

Cushman & Wakefield Arranges Financing for 110,636 SF Healthcare Portfolio in Metro Houston

by Taylor Williams February 18, 2025

HOUSTON — Cushman & Wakefield has arranged an undisclosed amount of financing for a portfolio of three healthcare assets totaling 110,636 square feet in the Houston area. The portfolio comprises medical office buildings that were built between 2015 and 2017 and were fully leased to regional provider Memorial Hermann Health System at the time of the loan closing. Buildings range in size from 30,523 to 47,859 square feet and are located in League City, Spring and Katy. The financing represents a senior loan provided by a syndicate of lenders that includes Siemens and First Horizon Bank. Tyler Morss and Gideon Gil of Cushman & Wakefield arranged the financing on behalf of the owner, a partnership between Big Sky Medical and GFH Partners.

February 18, 2025

Development Healthcare South Carolina Southeast

Frampton Construction Breaks Ground on 54,000 SF MUSC Medical Facility in Bluffton, South Carolina

by John Nelson February 17, 2025

BLUFFTON, S.C. — Frampton Construction has broken ground on a new 54,000-square-foot medical office building for the Medical University of South Carolina (MUSC) in Bluffton. Located at 700 Buckwalter Towne Blvd., MUSC Health Bluffton Medical Pavilion will house a variety of medical specialties, including primary and urgent care, vascular treatment, oncology and pediatrics. The facility will include three floors — which will span 18,000 square feet each — a sleep lab, cardiovascular lab, chemotherapy compounding pharmacy, an instrument sterilization room, exam rooms and telehealth stations, lead-lined X-ray facilities, offices, conference rooms and a break room and a phlebotomy corridor with four blood drawing stations. Additional safety features of the facility will include a large registration area with clear sight lines, an employee entry vestibule with badge access and a negatively pressurized compounding pharmacy. The building’s exterior will include a canopied patient drop-off area, 259 parking spots, seven additional ADA-compliant parking spaces and a mobile MRI trailer support pad. Completion of the project is slated for spring 2026. The design-build team includes Novus Architects (architect), Moore Lindner Engineering (structural engineer), Cranston Engineering (civil engineer) and DWG Inc. (MEP engineer). Additionally, Revit and Navisworks Manage will coordinate virtual design and MEPF (mechanical, …

February 17, 2025

Acquisitions Healthcare Midwest Minnesota

Marcus & Millichap Negotiates $2.8M Sale of Veterinary Office Portfolio in Minnesota

by Kristin Harlow February 14, 2025

NEW ULM AND MANKATO, MINN. — Marcus & Millichap has negotiated the sale of two single-tenant animal hospital properties in Minnesota for $2.8 million. The portfolio includes New Ulm Regional Vet Center at 401 20th St. in New Ulm and River Hills Pet Care Hospital at 340 St. Andrews Drive in Mankato. The New Ulm property was built in 1998, and the Mankato facility was constructed in 2017. Both are fully leased to PetVet Care Centers, which has operated at both locations since 2019. PetVet was founded in 2012 and currently has more than 450 veterinary locations nationwide. William Skoch and Christopher Mitchel of Marcus & Millichap represented the seller, a group of six veterinarians who had owned the buildings for more than 27 years, and procured the buyer, a real estate investment trust focused exclusively on acquiring veterinarian-centric real estate nationwide.

February 14, 2025

Healthcare Leasing Activity Texas

Edloe Health Network Opens 16,100 SF Medical Office Building in Sugar Land, Texas

by Taylor Williams February 13, 2025

SUGAR LAND, TEXAS — Edloe Health Network has opened a 16,100-square-foot medical office building in Sugar Land, a southwestern suburb of Houston. The provider occupies 5,600 square feet of the building, and 8,000 square feet is leased to the Texas Advanced Surgery Center. Houston-based Identity Architects and Identity Built served as the architect and design-build firm for the project. JLL spearheaded leasing efforts at the property.

February 13, 2025

Acquisitions Healthcare Office Southeast Virginia

KLNB Negotiates $7.9M Sale of Medical Office Building in Fairfax, Virginia

by John Nelson February 10, 2025

FAIRFAX, VA. — KLNB has negotiated the $7.9 million sale of a multi-tenant medical office building in Fairfax, 14 miles outside Washington, D.C. Joe Friedman and Josh Norwitz of KLNB represented the seller and procured the buyer in the transaction. Both parties were not disclosed. Totaling 54,085 square feet, the property was 40 percent leased at the time of sale by medical tenants including sports rehab, post-op rehab, dentistry and behavioral health groups. Located at 8500 Executive Park Ave., the property is situated in a medical office cluster near major healthcare facilities such as Children’s National Hospital and Inova Fairfax Hospital.

February 10, 2025

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