Kayne Anderson, Remedy Medical Buy 65,658 SF Medical Office Building in Hackettstown, New Jersey

HACKETTSTOWN, N.J. — A partnership between Kayne Anderson Real Estate and Remedy Medical Properties has purchased Patriot Plaza, a 65,658-square-foot medical office building in the Northern New Jersey community of Hackettstown. Brannan Knott, J.B. Bruno and Craig Parcells of JLL represented the undisclosed seller in the transaction. The property, which also houses conventional retail space, was 95 percent leased at the time of

August 12, 2022Acquisitions, Healthcare, New Jersey, Northeast

Matthews Brokers $27.2M Sale of Healthcare Property in Vestavia Hills, Alabama

VESTAVIA HILLS, ALA. — Matthews Real Estate Investment Services has brokered the $27.2 million sale of Swaid Vestavia Medical Center, a multi-tenant medical facility located at 1021 Montgomery Highway in Vestavia Hills, a southern suburb of Birmingham. The newly built property spans 40,000 square feet and features an ambulatory surgery center and medical office space leased to tenants such as the Surgical Institute of Alabama, Vestavia Diagnostics, Swaid Clinic, Bramlett Orthopedics, …

August 10, 2022Acquisitions, Alabama, Healthcare, Southeast

Cooper Group Brokers $1.8M Sale of Medical Office Building in Cleveland

CLEVELAND — The Cooper Commercial Investment Group has brokered the sale of a single-tenant medical office building in Cleveland for nearly $1.8 million. Cleveland Clinic occupies the property. Dan Cooper of Cooper Group represented the seller, a Florida-based private investor. The California-based buyer purchased the property at the full asking price, which represents a cap rate of 6.5

August 10, 2022Acquisitions, Healthcare, Midwest, Ohio

Newmark Arranges $18.2M Sale of Net-Leased Medical Office Building in Los Angeles

LOS ANGELES — Newmark has brokered the sale of a single-tenant net-leased medical office building in the Eagle Rock neighborhood of Los Angeles. Eastern Real Estate and Atlas Capital Group sold the asset to LaSalle Investment Management for $18.2 million. Sean Fulp, Bill Bauman, Kyle Miller, Mark Schuessler and Ryan Plummer of Newmark represented the seller in the deal. Adventist Health Glendale has occupied the 19,777-square-foot critical outpatient facility, located at 2560 Colorado …

August 10, 2022Acquisitions, California, Healthcare, Net Lease, Western

CBRE Arranges $6.6M Sale of Medical Office Building in Long Beach, California

LONG BEACH, CALIF. — CBRE has brokered the sale of a medical office building, located at 200-202 W. Wardlow Road in Long Beach. A private seller sold the asset to an undisclosed buyer for $6.6 million. Bill Maher, Anthony DeLorenzo, Bryan Johnson and Gary Stache of CBRE represented the seller in the deal. Originally constructed in 1964 and remodeled in 2017, the single-story building features 8,691 square feet of medical office space. The buyer plans to convert the medical building with …

August 8, 2022Acquisitions, California, Healthcare, Office, Western

Avison Young Brokers Sale of Three-Building Medical Office Complex in Toledo

TOLEDO, OHIO — Avison Young has brokered the sale of a three-building medical office complex totaling 110,780 square feet in Toledo for an undisclosed price. The Regency Medical Campus features a surgery center, exam rooms, numerous physician and patient amenities, waiting areas and treatment areas. Mike Wilson, Erik Foster and Chris Livingston of Avison Young represented the seller, Barone Enterprises. Global Medical REIT was the

August 3, 2022Acquisitions, Healthcare, Midwest, Ohio

Coseo Properties Sells 28,700 SF Office, Medical Building in Chula Vista, California

CHULA VISTA, CALIF. — Coseo Properties completed the disposition of an office and medical building, located at 690 Otay Lakes Road in Chula Vista. A private investor acquired the asset for $8.8 million, or $318 per square foot. Built in 1979 and renovated in 2016, the two-story building features 28,700 square feet of office and medical space. Recent renovations include upgrades to the building and common areas. The property features a landscaped entryway, flexible suites ranging from 818 …

August 3, 2022Acquisitions, California, Healthcare, Office, Western

AST Tops Out 229,000 SF Healthcare Project in New Brunswick, New Jersey

NEW BRUNSWICK, N.J. — New Jersey-based developer AST has topped out a 229,000-square-foot healthcare project in the Central New Jersey community of New Brunswick. The 15-story ambulatory medical pavilion is situated within the Robert Wood Johnson University Hospital campus. Upon completion, which is scheduled for the second quarter of 2023, the facility’s outpatient access to care and clinical experts supporting existing RWJBarnabas Health hospital services will be

August 1, 2022Development, Healthcare, New Jersey, Northeast

Kraus-Anderson Completes $14M Renovation of Emergency Department at Regions Hospital in St. Paul

ST. PAUL, MINN. — Kraus-Anderson (KA) has completed a $14 million renovation of the emergency department at Regions Hospital in St. Paul. The 18,000-square-foot project involved the renovation of 12 treatment rooms and the addition of new support spaces in Pod A. KA added 11 new treatment rooms as well as new support spaces in Pod B. Additionally, KA remodeled the existing X-ray room, and added a new X-ray room, CT room and control room. BWBR Architects was the project architect. Regions …

July 28, 2022Development, Healthcare, Midwest, Minnesota

Seavest Healthcare Properties Acquires 57,000 SF Medical Office Building in Manhattan

NEW YORK CITY — Locally based investment firm Seavest Healthcare Properties has acquired a 57,000-square-foot medical office building located at 355 W. 52nd St. in Manhattan. NYU Langone Health anchors the eight-story building, which was fully leased at the time of sale to an array of specialty care practitioners. The seller and sales price were not

July 27, 2022Acquisitions, Healthcare, New York, Northeast