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Grady Health System Plans $1B Medical Campus in South Atlanta Suburb

John Nelson — Thu, 19 Mar 2026 12:00:00 +0000

UNION CITY, GA. — Grady Health System has announced plans for the development of a new campus in Union City, roughly 20 miles southwest of Atlanta. Project costs for the development are expected to total more than $1 billion. Scheduled to open in phases, the campus will feature a medical office building and an acute care hospital. The two buildings will be situated near a freestanding emergency department that is currently under construction. Grady plans to open that facility in June and integrate it into the larger campus in the future. The hospital will feature 200 critical care, intermediate care and acute care beds. Grady expects that the hospital will serve as a Level 3 verified trauma center, equipped to perform emergency surgery, resuscitate and stabilize patients with serious injuries. The medical office building will offer imaging services, a surgery center, specialty clinics, pharmacy services, rehabilitation and pediatric care. Construction on the medical office building is scheduled for completion in early 2028, with the hospital planned to open in 2031. Financing for the project includes $300 million in Fulton County bond funding and funds raised through a multi-year capital campaign. “We are proud of this latest partnership with Grady,” said…

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Woodside Health Buys 29,827 SF Healthcare Facility in Gilbert, Arizona

Amy Works — Wed, 18 Mar 2026 15:47:27 +0000

GILBERT, ARIZ. — Woodside Health has purchased Greenfield MOB & ASC, a medical outpatient building (MOB) and ambulatory surgery center (ASC) at 2450 E. Guadalupe Road in Gilbert. Terms of the transaction were not disclosed. Constructed in 2005, Greenfield MOB & ASC is a 29,827-square-foot, single-story, multi-tenant facility. Mountain View Surgery Center Gilbert, a partnership between the physician owners and United Surgical Partners International, anchors the property with a newly executed extension featuring three operating rooms. The remaining tenancy is leased to eight tenants offering diverse services, including podiatry, periodontics, mental and behavioral health, ophthalmology, dentistry, pediatric therapy, pharmaceuticals, vascular and medical spa services. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Phil Wurth of CBRE’s Phoenix Healthcare Leasing team to represent the undisclosed seller in the deal.

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Optimize Physical Therapy Signs 60,374 SF, Full-Building Lease Near Minneapolis

Kristin Harlow — Tue, 17 Mar 2026 13:04:17 +0000

SPRING LAKE PARK, MINN. — Optimize Physical Therapy and Elite Sports Performance has signed a 60,374-square-foot lease for the full building at 8406 Sunset Road in Spring Lake Park, a northern suburb of Minneapolis. Kate Gillette of Transwestern represented the tenant, which will relocate its operations to the facility as part of an expansion. The new location will enable Optimize to add sports such as basketball, volleyball and hockey while providing more space for training and physical therapy. The facility will also support expanding programs, including homeschool co-ops, summer camps and clinics, and provide space for team rentals and batting cage use by youth little league teams, travel ball and high school teams. Owner Buhl Investors acquired the property this year. RISE, a 501(c)(3) organization providing human services programs, previously owned and occupied the building. Optimize expects to open its new space this spring, with full operations starting in the summer.

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Matthews Arranges Sale of 12,719 SF Healthcare Building in North San Antonio

Taylor Williams — Wed, 11 Mar 2026 14:13:10 +0000

SAN ANTONIO — Nashville-based brokerage firm Matthews has arranged the sale of a 12,719-square-foot healthcare building in San Antonio. The single-tenant building at 855 Proton Road is located adjacent to Methodist Hospital Stone Oak on the city’s north side and is leased to Gastroenterology Consultants of San Antonio. Rahul Chhajed, Michael Moreno and Tyler Swade of Matthews represented the undisclosed seller in the transaction.

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NAI Hiffman Negotiates Long-Term Lease Renewal for Silver Cross Hospital in New Lenox, Illinois

Kristin Harlow — Tue, 10 Mar 2026 13:11:42 +0000

NEW LENOX, ILL. — NAI Hiffman has negotiated a long-term lease for Silver Cross Hospital at 1890 Silver Cross Blvd. in New Lenox. The 174,855-square-foot, six-story medical office building is known as Pavilion A. Immediately following execution of the lease, the building was sold for $88.6 million to Chicago-based Farpoint and Dallas-based The Landes Group. The transaction included the renegotiation of Silver Cross’ existing lease and established Silver Cross as the largest tenant in the building, which is 96 percent occupied. Silver Cross will retain its footprint on the first and lower-level floors plus the upper levels. Existing healthcare providers, including the Shirley Ryan AbilityLab at Silver Cross, Duly Health and Care, DaVita, Rush University Medical Center and UChicago Medicine will also remain in place. Perry Higa of NAI Hiffman represented Silver Cross in the lease, which was completed at a net per-square-foot rate below the early renewal rate he negotiated on behalf of the tenant in May 2025. NAI Hiffman has also been retained as leasing agent for the building, which was constructed in 2012. Hiffman National will serve as property manager. Chris Bodnar of CBRE represented the sellers, PGIM Real Estate and NexCore Group.

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Marcus & Millichap Brokers Sale of 18,102 SF Medical Office Complex in Fort Worth

Taylor Williams — Mon, 09 Mar 2026 14:29:08 +0000

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Overton Park Professional Center, an 18,102-square-foot medical office complex in Fort Worth. The two-building property was built in 2000 and was fully leased at the time of sale. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller, a local private partnership, in the transaction. Levy also procured the buyer, a New York-based 1031 exchange investor, in conjunction with Marcus & Millichap’s Zan Colin.

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Container Collective to Relocate to Morris Square Mixed-Use Development in Downtown Charleston

Abby Cox — Mon, 09 Mar 2026 14:12:00 +0000

CHARLESTON, S.C. — The Container Collective, a holistic wellness center and coworking community for practitioners, will relocate to Morris Square, a mixed-use redevelopment in downtown Charleston. Formerly situated at 210 Coming St., The Container Collective has purchased a ground-floor condominium to relocate its wellness and massage therapy practice to 21 Jasper St. Renovations are expected to begin soon, with the new location opening upon completion. GiGi Gilden and Jack Owens of NAI Charleston represented The Container Collective in the transaction. Shea Robbins of Carolina One Real Estate represented the undisclosed seller. The sales price was also not disclosed.

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Angelic Real Estate Holdings, JDI Realty Buy Medical Office Building in Eagle River, Alaska

Amy Works — Wed, 04 Mar 2026 14:46:16 +0000

EAGLE RIVER, ALASKA — Angelic Real Estate Holdings, along with its institutional partner JDI Realty, has purchased 17101 Snowmobile Lane in Eagle River, a suburb of Anchorage. Terms of the transaction were not released. Completed in 2008, the two-story building offers just under 20,000 square feet of rentable medical office space. The new ownership plans to upgrade the property with advanced digital building monitoring and control systems, as well as some aesthetic interior and exterior improvements. Since 2021, Angelic has owned the sibling medical office building in Palmer, Alaska, a 25-minute drive from the Eagle River asset. The acquisition was financed with a loan from First National Bank Alaska, procured by Angelic Real Estate, the affiliated brokerage arm of Angelic Real Estate Holdings.

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JLL Brokers Sales of Two Medical Office Buildings in Scottsdale, Arizona

Amy Works — Mon, 02 Mar 2026 14:49:32 +0000

SCOTTSDALE, ARIZ. — JLL Capital Markets has arranged the sales of Pima I and Pima II, two medical office buildings in Scottsdale. Cypress West Partners acquired Pima I, and a private investor purchased Pima II. Terms of the transactions were not released. The assets are situated on 14.6 acres at 8415 N. Pima Road and 8466 N. Pima Road. Pima I is a two-story, 91,212-square-foot medical building that is 92 percent leased to national, regional and local medical users providing a range of specialties, including ambulatory surgery. Pima II is a vacant, two-story medical and/or professional building totaling 89,983 square feet. The property was formerly the headquarters of Rural Metro Fire. JLL’s Medical Properties Group, in collaboration with the local office, represented the undisclosed seller and procured the two separate buyers.

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UM-Board of Regents Approves $143M Behavioral Health, Ambulatory Surgery Centers in Lansing

Kristin Harlow — Fri, 27 Feb 2026 14:02:12 +0000

LANSING, MICH. — The University of Michigan Board of Regents has approved two projects for mental health resources and certain surgical procedures in mid-Michigan. UM Health-Sparrow is building a behavioral health hospital and an ambulatory surgery center in Lansing. Groundbreakings are scheduled this summer, with plans to open each facility in 2028. The behavioral health hospital will be located in a park-like setting. The building is slated for vacant UM Health-Sparrow-owned property behind the Lansing hospital near Pennsylvania Avenue and Jerome Street. The 64-bed, $83 million facility will serve adult, geriatric, child and adolescent patients. UM-Health is collaborating with Sheppard Pratt, the nation’s largest private, nonprofit provider of behavioral health/substance abuse services, to manage the new hospital and behavioral health services. The $60 million UM Health-Sparrow Lansing Ambulatory Surgery Center will be located west of the Lansing hospital near Michigan and Pennsylvania avenues. The outpatient facility will feature four operating rooms at the start, with options to expand. The new surgery center will care for patients currently undergoing procedures at the 100-year-old St. Lawrence campus and will handle some cases currently performed at the Lansing hospital. Cardiac patients will also benefit from a new MRI planned for the facility.

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BGO Acquires 30,000 SF Healthcare Clinic in Londonderry, New Hampshire

Taylor Williams — Wed, 25 Feb 2026 14:54:25 +0000

LONDONDERRY, N.H. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a 30,000-square-foot healthcare clinic in Londonderry, located near the Massachusetts-New Hampshire border. Known as Lahey Medical Center, the building was completed in 2025 as a purpose-built facility for regional provider Beth Israel Lahey Health. Practices housed within the facility include oncology, infusion, cardiology, gastroenterology and neurology.

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Goodbye Retail, Hello Medical Malls: How Adaptive Reuse Can Accelerate Healthcare Development

Taylor Williams — Tue, 24 Feb 2026 12:31:00 +0000

By Aran McCarthy, president, FCA Healthcare providers and designers of those facilities are dedicated to creating spaces that meet the ever-growing demand for their services. Despite this desire, cities and towns nationwide are struggling to meet the needs of their growing populations. According to the Health Resources and Services Administration, as of January, there are more than 4,800 health professional shortage areas (HPSAs) for primary care facilities in the country. This disconnect between the need for care and the number of facilities equipped to support delivery of said care is on full display, and therein lies opportunity. Markets across the country are simultaneously dealing with a very different challenge; changes in consumer habits have created vacancies within retail real estate. In response to these trends, healthcare designers and system leaders have recognized that the adaptive reuse of former retail properties into “medical malls” offers a practical solution to increasing access to care. This approach prioritizes speed to market and cost efficiency for operators and also enhances community access without the long and costly timelines associated with new construction. Physical Synergy: Repositioning Retail for for Healthcare The physical features associated with many big-box retail locations make them particularly well-suited for healthcare…

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McCarthy Completes Construction of $105M Hospital in Colby, Kansas

Kristin Harlow — Mon, 23 Feb 2026 15:40:26 +0000

COLBY, KAN. — McCarthy Building Cos. has completed a new medical center replacement hospital for Citizens Health in Colby, a city in rural northwest Kansas. HFG Architects designed the facility. Located adjacent to the existing property, the campus consolidates Citizens Medical Center’s services into a single location. The 171,000-square-foot, 25-bed hospital represents a $105 million investment and serves as the only hospital between Hays, Kan., and Denver. The facility includes a full-service emergency department, inpatient beds, a surgery department with an orthopedic focus featuring four operating rooms and multiple procedure rooms, a clinic for 30 physicians and comprehensive support services, including dietary, laboratory, radiology, physical therapy and oncology. The property is among the nation’s largest hospitals funded through the U.S. Department of Agriculture’s Critical Access Hospital program. Additional project partners include Farris Engineering, BHC Engineering, Apex Engineering, Rand Mechanical, Bart’s Electric, Midwest Drywall, Hi-Plain Doors, Dunlap Concrete and Pryor Fire Sprinkler. Sporer Land Development completed mass grading.

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Terramed Acquires BluePearl Pet Hospital in Appleton, Wisconsin for $7.1M

Kristin Harlow — Fri, 20 Feb 2026 14:00:00 +0000

APPLETON, WIS. — Terramed Real Estate Solutions has acquired BluePearl Pet Hospital Fox Valley, a veterinary facility in Appleton within Wisconsin’s Fox Valley, for $7.1 million. The 32,232-square-foot emergency, specialty and urgent care property is the only 24-hour veterinary hospital in East Central Wisconsin. The transaction included the renegotiation of a new 10-year lease. The hospital’s team of 20 veterinarians offers orthopedic and soft-tissue surgery, internal medicine, dermatology, oncology, medical imaging and other advanced services. Terramed now holds a national portfolio of nearly 2 million square feet of medical real estate.

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Drexel University to Open 150,741 SF Healthcare, Life Sciences Facility in Philadelphia

Taylor Williams — Wed, 18 Feb 2026 14:39:11 +0000

PHILADELPHIA — Drexel University will open a 150,741-square-foot healthcare and life sciences facility in Philadelphia’s University City area. The space spans four of the 11 stories within the building at 3201 Cuthbert St., which is adjacent to Drexel’s campus. The university plans to consolidate the entirety of its research and laboratory operations within the Drexel University College of Medicine in the new building, which was designed by Robert A.M. Stern Architects and is owned by a partnership between Gattuso Development Partners and Vigilant Holdings. Occupancy is slated for mid-2027.

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Swinerton Breaks Ground on $5.5M Medical Office Building in Pineville, North Carolina

John Nelson — Wed, 11 Feb 2026 14:11:37 +0000

PINEVILLE, N.C. — Swinerton Builders’ Carolinas division has broken ground on a $5.5 million medical office building located at 10425 Good Sell Court in Pineville, about 14 miles south of Charlotte. Locally based Metrolina Dermatology will occupy the 8,000-square-foot property upon completion, which is expected in early spring. Situated on 1.2 acres, the medical office building will feature 11 exam rooms, two aesthetic rooms, four Mohs exam rooms, one Mohs lab, a sterilization room, four offices and up to five medical assistant/nursing stations, as well as a welcoming lobby/waiting area and an employee breakroom. (Mohs is a specialized technique used to remove skin cancers.) Outside, the property will feature an asphalt parking lot for 40 to 50 cars. The design-build team includes Nelson Worldwide Architects, Cornerstone Architecture, LJB Engineering and Kimley-Horn.

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Ware Malcomb Completes Design of 3,500 SF Outpatient Office for Romeo Orthopaedics in Suburban Chicago

Kristin Harlow — Tue, 10 Feb 2026 15:32:31 +0000

BURR RIDGE, ILL. — Ware Malcomb has completed the interior architecture and design, along with branding services, for the 3,500-square-foot outpatient office for Romeo Orthopaedics in Burr Ridge. Romeo Orthopaedics specializes in the management and surgical treatment of shoulder, elbow and sports medicine conditions. Ware Malcomb worked in partnership with the building owner, C.R. Panico & Associates, to complete the project. The project scope of work encompassed minor demolition, new walls and doors, power and data installation, updated ceilings and lighting, finishes and custom millwork. A dedicated X-ray suite required close coordination with specialty consultants to address equipment clearances, shielding requirements and infrastructure integration, ensuring compliance with clinical and safety standards. Morgan/Harbour Construction was the general contractor.

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County of Riverside Buys Two Medical Office Buildings in California for $53M

Amy Works — Mon, 09 Feb 2026 13:05:20 +0000

RIVERSIDE COUNTY, CALIF. — The County of Riverside has acquired two fully leased medical office buildings in Riverside County for a combined total of $53 million. The asset, located at 8876 Mission Blvd. in Jurupa Valley, Calif., sold for $25 million, and the property at 2813 S. Main St. in Corona sold for $28 million. Jurupa Valley Community Health Center is a single-story, 40,000-square-foot medical outpatient building built in 2019. The property is fully leased to the County of Riverside, dba Riverside University Health System (RUHS), under a long-term lease. RUHS also fully occupies the two-story, 45,204-square-foot Corona Community Health Center, which was built in 2018. Travis Lee, Gino Lollio and Tyler Morss of Cushman & Wakefield’s Healthcare Capital Markets team represented the undisclosed seller in the transactions.

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How to Buy a Medical Office Property

Taylor Williams — Thu, 05 Feb 2026 12:46:00 +0000

By Ryan McCullough, partner, managing director, Partners Real Estate Over the last decade, medical office buildings (MOBs) have become one of the most in-demand asset classes in commercial real estate. This shift did not happen by chance. Two major changes in the broader real estate market reshaped investors’ priorities and positioned medical office as a durable, long-term investment vehicle. The first was the rise of e-commerce. As consumers moved toward online shopping and same-day delivery, traditional retail properties faced elevated pressure. Investors began searching for asset types with consistent demand and limited exposure to technological disruption. As a result, MOBs, anchored by in-person healthcare delivery, benefited directly from this shift. The second was the COVID-19 pandemic. While retail and hospitality experienced sharp declines, MOBs proved far more resilient. Healthcare services remained essential, patient volumes recovered quickly and medical tenants continued operating. This period reinforced the reputation of MOBs as a defensive investment with stable demand through economic cycles. That surge in investor interest, however, has also led to confusion and, in some cases, unnecessary risk. Understanding the Diversity of Healthcare Assets As a commercial investment, healthcare is not a single, uniform product type. Properties vary widely in use, cost, complexity…

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Stage Equity Partners Buys 40,075 SF Medical Office Portfolio in El Paso

Taylor Williams — Wed, 04 Feb 2026 16:13:45 +0000

EL PASO, TEXAS — Stage Equity Partners, an investment firm based in the Chicago area, has purchased a portfolio of two medical office buildings totaling 40,075 square feet in El Paso. The buildings were fully leased at the time of sale to practices in fields such as neurology, gastroenterology, general surgery, pediatrics, behavioral health, laboratory testing and oral surgery. Jay Miele of Newmark represented the undisclosed seller in the transaction. Wintrust Bank provided acquisition financing for the deal.

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