Healthcare

Cypress West, TPG Angelo Gordon Acquire Three Medical Outpatient Buildings in Arizona, Nevada

by Amy Works August 11, 2025

TUCSON, ARIZ., AND LAS VEGAS — A joint venture between Cypress West Partners and TPG Angelo Gordon has purchased three medical outpatient buildings in Arizona and Nevada. Terms of the transactions were not disclosed. The partnership acquired La Cholla Medical Plaza, a two-building asset at 6130 N. La Cholla Blvd. In Tucson, in a fee-simple transaction. Totaling 68,000 square feet, the properties were 81 percent leased at the time of sale. Northwest Hospital occupies 34 percent of the medical plaza, which is located at the Northwest Medical Center campus. The joint venture also acquired MacFarlane Medical Center, a three-story building at 8325 W. Warm Springs Road in Las Vegas. Built in 2009, the fully leased property offers 39,279 square feet of multi-tenant space. The current seven tenants are in specialities including orthopedic, endocrinology, vascular, pediatrics, infusion, eyesore, pharmacy, hemostasis and thrombosis. The ground floor is occupied by a multi-speciality surgery center on a long-term lease.

August 11, 2025

Development Healthcare New Jersey Northeast

Hackensack Meridian Opens 90,000 SF Healthcare Facility in Clifton, New Jersey

by Taylor Williams August 8, 2025

CLIFTON, N.J. — Regional healthcare provider Hackensack Meridian has opened a four-story, 90,000-square-foot facility in the Northern New Jersey community of Clifton. Designed by Gensler, Hackensack Meridian Health & Wellness Center at Clifton is located on Prism Capital Partner’s ON3 campus, which is a redevelopment of the former Hoffmann-La Roche North American headquarters campus. Specialty practices offered at the facility include primary care, urgent care, rheumatology, gastroenterology, nephrology and orthopedics.

August 8, 2025

Acquisitions Healthcare Multifamily Oregon Western

Norris & Stevens Brokers $5.3M Sale of Residential Care Facility in Portland

by Amy Works August 6, 2025

PORTLAND, ORE. — Norris & Stevens has arranged the sale of a 16-room residential care facility located at 19909 SE Stark St. in Portland. The Pribeagu family sold the asset to an undisclosed buyer for $5.3 million. Constructed in 2003 and zoned for 34 beds, the 13,414-square-foot facility comprises two buildings on 1.4 acres. All 16 rooms are fully furnished and ADA compliant with private bathrooms and individual temperature control. Facility amenities include a full kitchen, three laundry rooms, an intercom system, office spaces, a large community room, two storage sheds and approximately 3,000 square feet of garage space. David Chatfield of Portland-based Norris & Stevens represented the seller, while Lindsay Murphy of Apex Real Estate Partners represented the buyer in the deal.

August 6, 2025

Development Georgia Healthcare Southeast

Piedmont Healthcare to Build $275M Hospital Expansion in Fayetteville, Georgia

by John Nelson July 30, 2025

FAYETTEVILLE, GA. — Piedmont Healthcare’s board of directors has approved a $275 million expansion and renovation project at Piedmont Fayette, an existing hospital campus in Fayetteville, about 28 miles southwest of Atlanta in Fayette County. The project will add a new patient tower with space for future expansion, as well as the renovation of 31,304 square feet that includes surgical rooms, a kitchen, lab, pharmacy, loading dock and central utility plant. Construction is expected to start in early 2026 and be completed within three years. The project represents Piedmont Healthcare’s largest capital investment since the Marcus Tower on the campus of Piedmont Atlanta, the health system’s founding hospital. Piedmont Fayette, formerly known as Fayette Community Hospital, opened in 1997 and was last renovated in 2017.

July 30, 2025

Acquisitions Healthcare Midwest Ohio

Cooper Group Brokers $8.8M Sale of Medical Office Building in Metro Cleveland

by Kristin Harlow July 30, 2025

CHAGRIN FALLS, OHIO — The Cooper Commercial Investment Group has brokered the $8.8 million sale of the Winbury Professional & Medical Center in the Cleveland suburb of Chagrin Falls. The 54,505-square-foot medical office building features landscaped grounds, private entrances and a conference room. Dan Cooper of Cooper Group represented the seller, a local real estate investment group out of Cleveland. The private West Coast-based buying group purchased the asset at 98 percent of the list price and $168 per square foot.

July 30, 2025

Healthcare Loans Northeast Pennsylvania

Nuveen Green Capital Provides $11M in C-PACE Financing for Philadelphia Healthcare Facility

by Taylor Williams July 29, 2025

PHILADELPHIA — Nuveen Green Capital has provided $11 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a 138,157-square-foot healthcare facility in Philadelphia. The building at 3905 Ford Road is located in the Wynnefield Heights neighborhood on the city’s northwest side and is operated under the Malvern Treatment Centers brand. The borrower, BG Capital, plans to use the proceeds to fund capital improvements to the building envelope and heating, ventilation and air conditioning (HVAC) systems. Nuveen Green Capital originated the financing through the C-PACE administrator, the Philadelphia Energy Authority.

July 29, 2025

Acquisitions Healthcare Illinois Midwest

MedProperties Acquires 41,540 SF Medical Office Building in Chicago Ridge

by Kristin Harlow July 29, 2025

CHICAGO RIDGE, ILL. — MedProperties Realty Advisors, a Dallas-based healthcare real estate investor, has acquired Millennium Medical Center, a 41,540-square-foot medical office building in the southwest Chicago suburb of Chicago Ridge. The two-story property at 10604 Southwest Highway was built in 2018 by a group of local physicians. The lead tenant is an affiliate of US Oncology, a national network of more than 600 cancer treatment centers. A complementary tenant base that serves patients suffering from cancer and related ailments makes up the balance of the tenancy at the property. Old National Bank provided debt for the acquisition. The seller was the original physician group.

July 29, 2025

California Healthcare Loans Western

Gantry Arranges $85M Refinancing for Southern California Medical Office Portfolio

by Amy Works July 25, 2025

TORRANCE, CALIF. — Gantry has secured two loans, totaling $85 million, to refinance a portfolio of medical office properties serving the Torrance Memorial Medical Center’s physician, specialist and service provider communities. George Mitsanas, Braden Turnbull and Alicia Sabanero of Gantry arranged the loans for the private real estate investor. The 10-year, fixed-rate loans were secured through one of Gantry’s correspondent insurance company lenders and feature an introductory interest-only period, transitioning to 30-year amortization. Located in Torrance, the financed properties include the 10-building, 381,249-square-foot Skypark Medical and Office Center at Hawthorne Boulevard and SkyPark Drive and a 39,611-square-foot medical office building at 3640 Lomita Blvd.

July 25, 2025

Acquisitions Healthcare Iowa Midwest Minnesota

Davis Purchases Two-Building Healthcare Portfolio in Iowa, Minnesota for $34.1M

by Kristin Harlow July 25, 2025

CORALVILLE, IOWA, AND MAPLEWOOD, MINN. — Davis Healthcare, on behalf of its Davis Medical Investment Fund, has acquired a two-building healthcare real estate portfolio known as CoralBirch for $34.1 million. The assets are located in Coralville, Iowa, and Maplewood, Minn. More than 70 percent of the space in the buildings is leased to high-credit hospital systems. With this acquisition, the fund owns 17 off-campus ambulatory care buildings totaling more than 750,000 square feet. The Coralville West Medical Building at 2769 Heartland Ave. rises three stories and totals 60,351 square feet. It is situated near the University of Iowa campus. Davis acquired the property for $24.2 million, or roughly $400 per square foot. At closing, the building was 97 percent leased with more than 65 percent of the space occupied by University of Iowa Healthcare, which offers primary care and internal medicine, obstetrics and gynecology, neurology, imaging and rehab and dermatology services. Additional tenants of the building are medical practices focused on obstetrics, radiology and rehab. Constructed in 2010, the building’s common areas and restrooms were renovated in 2022. Birch Run Medical Building at 1747 Beam Ave. totals 27,944 square feet. Davis purchased the single-story property for $9.9 million, or roughly …

July 25, 2025

Acquisitions Healthcare Maryland Office Southeast

IPA Brokers $27.5M Sale of Medical Office Building in Greenbelt, Maryland

by John Nelson July 23, 2025

GREENBELT, MD. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $27.5 million sale of Maryland Trade Center III, a 192,000-square-foot medical office building in Greenbelt, a suburb of Washington, D.C. Robert Filley of IPA, along with Chez Eider of Marcus & Millichap, represented the seller, an entity doing business as Greenbelt Trade Center LLC. The duo also procured the buyer, CPF-HCRE – Greenbelt LLC, an affiliate of Chicago Pacific Founders. Brian Hosey served as Marcus & Millichap’s broker of record in Maryland for the transaction. Completed in 1989, Maryland Trade Center III is situated across from the Greenbelt Center shopping mall and within a half-mile of Luminis Health’s hospital and long-term recovery care center. Luminis Health recently selected the Class A building for its expansion of outpatient services. The property was 75 percent leased at the time of sale to tenants including Luminis Health, Greenbelt Oncology, Absolute Care of Maryland, LabCorp, Community Radiology Associates, Anne Arundel Dermatology and Health First Medical Group. Maryland Trade Center III has been upgraded in recent years with a new lobby and systems upgrades. Amenities include a two-story atrium lobby, tenant-only fitness center and a daycare facility.

July 23, 2025

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