CLEMENTON, N.J. — Marcus & Millichap has brokered the $6.7 million sale of Chews Landing Commons, a 44,500-square-foot medical office complex in Clementon, located in Southern New Jersey’s Camden County. The complex consists of seven buildings on a 6.1-acre site and was 96 percent leased at the time of sale to tenants such as NovaCare Rehabilitation Center, Victory Bay Recovery Center and Harmony Bay Wellness. Brent Hyldahl and Alan Cafiero of Marcus & Millichap represented the seller in the transaction.
DALLAS — CBRE has arranged an undisclosed amount of permanent financing for a portfolio of 11 medical office buildings totaling roughly 258,000 square feet in the greater Dallas and Houston areas. The portfolio was 81 percent leased at the time of the loan closing to 37 tenants, including St. Luke’s Health System and Texas Children’s Hospital. Zack Holderman, Jesse Greshin, Chris Bodnar, Brannan Knott, Mindy Berman and Cole Reethof of CBRE arranged the debt on behalf of the owner, Pinecroft Realty. The direct lender was not disclosed.
GREENWOOD VILLAGE, COLO. — Resolute Investments has completed the sale of Landmark Medical Center, a medical outpatient building and ambulatory surgery center in Greenwood Village, to SG Property Services for an undisclosed price. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Jesse Greshin and Trent Jemmett of CBRE U.S. Healthcare Capital Markets partnered with Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE’s Denver Healthcare Leasing to represent the seller in the deal. Located at 5351 S. Rosyln St., the three-story, 33,282-square-foot Landmark Medical Center was fully leased at the time of sale, with AdventHealth as the anchor tenant. The building’s surgical center features two operating rooms with a focus on hand, food and ankle, knees and shoulder surgeries. The surgery center is a joint venture between the physicians and SCA Health, which is owned by Optum, a subsidiary of UnitedHealth Group.
FARMINGTON HILLS, MICH. — The Kirk Gibson Foundation has opened The Kirk Gibson Center for Parkinson’s Wellness at 31440 Northwestern Highway in Farmington Hills. Those impacted with Parkinson’s can access a wide range of activity-based and educational programs free of charge at the 32,000-square-foot facility. Construction began in March. The project involved the transformation of an office building for an automotive organization into the wellness center. The two-level building offers programs that focus on movement and cognitive therapy. The center also houses the headquarters for the Kirk Gibson Foundation for Parkinson’s, which moved its offices into the facility. The project was completed in partnership with the Detroit office of architectural firm Gensler. The center is located within a 30-minute driving radius from 70 percent of the Wayne, Oakland and Macomb counties, providing access to an estimated 8,000 people living with Parkinson’s in metro Detroit. Nearly 900 individuals have already registered for the center, with more than 300 members onboard and over 200 now actively participating in classes. The interior features a large gathering hall with an overhead oval walk/run track, a gym for strength and cardio, a boxing therapy zone, various rooms dedicated to targeted exercises such as yoga, general …
NORTH MIAMI, FLA. — The University of Miami Health System (UHealth) has opened UHealth SoLe Mia, a 363,000-square-foot outpatient medical facility in North Miami. The seven-story property is the largest ambulatory center in UHealth’s network. The property features the Sylvester Comprehensive Cancer Center, Bascom Palmer Eye Institute, Desai Sethi Urology Institute and a collaboration with musculoskeletal care provider Hospital for Special Surgery. Other specialties offered include neurology, neurosurgery, cardiology, endocrinology, gastroenterology, dermatology, otolaryngology and gynecology.
HOUSTON — Cushman & Wakefield has arranged a $4.5 million loan for the refinancing of Two Harbor Square, a 26,670-square-foot medical office building in Houston. The property was 94.5 percent leased at the time of the loan closing. Tyler Morss of Cushman & Wakefield arranged the loan through Amegy Bank on behalf of the owner, Miami-based healthcare investment firm Creative Equities.
DALLAS — Locally based brokerage firm Younger Partners has arranged the sale of Bent Tree Plaza, an 82,144-square-foot office and healthcare complex in North Dallas. Located along the Dallas North Tollway, the property comprises two parcels and and was 72 percent leased at the time of sale. Tom Strohbehn and Scot Farber of Younger Partners represented the undisclosed seller in the transaction. Younger Partners has also been retained as the leasing agent by the new owner, which similarly requested anonymity.
TACOMA, WASH. — Marcus & Millichap has arranged the sale of James Center Plaza, an office building at 1628 S. Mildred St. in Tacoma. A limited liability company sold the property to an undisclosed buyer for $8.6 million. The 34,272-square-foot property features eight medical-dental tenants, all under triple-net lease terms with staggered lease expirations. Michael Babicz and RJ Vara of The Vara Group of Marcus & Millichap’s Seattle office represented the seller in the deal.
MILFORD, MASS. — Marcus & Millichap has negotiated the $4.1 million sale of a 39,424-square-foot healthcare property in Milford, located southwest of Boston. Built on 3.5 acres in 1985, Hill Office Park was 76 percent leased at the time of sale to 12 tenants, including Milford Regional Medical Center, Metro West Oral Surgery and Asthma Allergy Physicians. Harrison Klein of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
RIVERHEAD, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage and Singer Financial have co-arranged a $16 million acquisition loan for Riverhead Medical Office Park on Long Island. Riverhead Medical Office Park consists of six single-story buildings totaling 101,949 square feet that were fully leased at the time of the loan closing. Andrew Stewart and Brandon Szwalbenest of Cronheim Mortgage, in conjunction with Gregg Singer of Singer Financial, arranged the fixed-rate loan on behalf of the owner, Miami-based Candor Capital. The direct lender was an undisclosed life insurance company.
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