Healthcare Archives - REBusinessOnline

Cooper Group Brokers Sale of Single-Tenant Medical Building in Wadsworth, Ohio

Kristin Harlow — Tue, 09 Jun 2026 13:04:37 +0000

WADSWORTH, OHIO — The Cooper Commercial Investment Group has brokered the sale of a single-tenant medical building occupied by Cleveland Clinic Urgent Care in Wadsworth near Akron. The property recently received nearly $7 million in upgrades from the Cleveland Clinic to transform the asset into a modern urgent care facility with onsite imaging and lab services. Dan Cooper of Cooper Group represented the seller, a private New York-based investor. The property sold at a 5.6 percent cap rate to another private investor based out of New York in an all-cash transaction.

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Berkadia Secures $37.6M C-PACE Loan for Outpatient Medical Facility in D.C.

Abby Cox — Fri, 05 Jun 2026 14:03:03 +0000

WASHINGTON, D.C. — Berkadia has secured $37.6 million in C-PACE (Commercial Property-Assessed Clean Energy) financing for 1201 Sycamore, a trophy outpatient medical and community services facility located in Washington, D.C.’s Congress Heights neighborhood. The 117,075-square-foot medical facility was completed in 2023 and is leased to firms including Whitman-Walker Health and Whitman-Walker Clinic. J Street Cos. manages the property. Brian Gould, Natalie Hershey, Patrick McGlohn, Patrick Cunningham and Hunter Wood of Berkadia arranged the 28-year loan through Nuveen Green Capital on behalf of the locally based borrowers, Redbrick LMD and Gragg Cardona Souadi. The financing supports the property’s energy efficiency, water conservation and resiliency components. DC Green Bank is the administrator of the DC PACE program.

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Levin Johnston Negotiates $23.7M Sale of Medical Office Property in Rohnert Park, California

Amy Works — Fri, 05 Jun 2026 13:27:36 +0000

ROHNERT PARK, CALIF. — Levin Johnston of Marcus & Millichap has directed the sale of a 67,584-square-foot medical office property located at 5900 State Farm Drive in Rohnert Park. A private family ownership group acquired the asset from an undisclosed seller for $23.7 million. Kaiser Permanente and Petaluma Health Center anchor the two-story property. Robert Johnston, Adam Levin and Justin Fink of Levin Johnston of Marcus & Millichap represented the seller and procured the buyer in the deal.

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BGO Acquires 41,810 SF Medical Office Building in Metro Tampa

John Nelson — Tue, 02 Jun 2026 13:49:11 +0000

RIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview. The two-story property was fully leased at the time of sale to Women’s Healthcare Enterprises and AdventHealth. CBRE negotiated the transaction on behalf of BGO.

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Advocate Health Acquires Outpatient Center in Metro Chicago for $23.4M

Kristin Harlow — Tue, 02 Jun 2026 13:23:46 +0000

NAPERVILLE, ILL. — Advocate Health and Hospitals Corp., a wholly owned subsidiary of Advocate Health, has purchased the Advocate Health Cardiovascular ASTC & Outpatient Center in Naperville for $23.4 million. HSG Medical and Capital Healthcare Properties sold the 42,438-square-foot, single-tenant medical facility. Developed by HSG Medical and Capital Healthcare Properties, the newly redeveloped property is a cardiovascular ambulatory surgery treatment center (ASTC) and outpatient facility. The building was purpose-built to serve as an extension of Advocate’s cardiology program at Advocate Good Samaritan Hospital and houses a dedicated cardiac catheterization operating room, prep and post-recovery services, cardiovascular specialty clinician offices, primary care, cardiac diagnostics, a lab and imaging services. The redevelopment project converted an existing building into the modern medical facility. Alex Sharrin of JLL represented the sellers, while Tom Hollinden of CBRE represented the buyer.

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CBRE Negotiates 37,816 SF Healthcare Lease Expansion in Pittsburgh

Taylor Williams — Thu, 28 May 2026 13:10:00 +0000

PITTSBURGH — CBRE has negotiated a 37,816-square-foot healthcare lease expansion in Pittsburgh. The tenant, Blink Health, a New York City-based provider of digital pharmaceutical services, is expanding from 53,076 to 90,892 square feet at the 148,000-square-foot Building 5 within Penn Center West, where Blink has been a tenant since 2009. Carmine DiLucente, Michael Stuart and Danielle Lafe of CBRE represented Blink Health in the lease negotiations. Adam Viccaro, Dominika Demantova and Charlie Must, also with CBRE, represented the landlord, The Soffer Organization.

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Newmark Brokers $32.1M Sale of Metro Boston Healthcare Property

Taylor Williams — Fri, 22 May 2026 14:49:05 +0000

WATERTOWN, MASS. — Newmark has brokered the $32.1 million sale of a 52,847-square-foot healthcare property located at 485 Arsenal St. in the western Boston suburb of Watertown. The property consists of two interconnected, low-rise buildings that were fully leased at the time of sale to Atrius Health, a subsidiary of Optum and United Healthcare Services Inc. A partnership between Boylston Properties and institutional investors advised by J.P. Morgan Asset Management sold the asset to JLL Income Property Trust. Robert Griffin, Michael Greeley, Frank Nelson, Blake McLaughlin, Ben Appel, Jay Miele, John Nero and Justin Shepherd of Newmark brokered the deal.

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Marcus & Millichap Arranges $3.4M Sale of Medical Office Building in Gurnee, Illinois

Kristin Harlow — Wed, 20 May 2026 13:22:48 +0000

GURNEE, ILL. — Marcus & Millichap has arranged the $3.4 million sale of a 10,000-square-foot medical office building leased to Aurora Health Care in Gurnee. The Class A property was built in 2005. Aurora Health Care offers dermatology, family medicine and internal medicine services at the facility. Frank Roti and Brett Rodgers of Marcus & Millichap represented the seller, a private entity. Brian Munn of Marcus & Millichap procured the East Coast-based buyer, which completed a 1031 exchange.

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Pinecroft Breaks Ground on $16.2M Healthcare Project in Shenandoah, Texas

Taylor Williams — Mon, 18 May 2026 14:12:25 +0000

SHENANDOAH, TEXAS — Local development and investment firm Pinecroft has broken ground on a $16.2 million healthcare project in The Woodlands, located north of Houston. The project, a 39,883-square-foot medical office building, is fully preleased to providers in specialty practices such as primary care, nephrology, urology, cardiology and infectious diseases. Browne McGregor Architects designed the project, and O’Donnell Snider Construction is serving as the general contractor. Completion is slated for early 2027.

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JLL Income Property Trust Buys Metro Boston Healthcare Property for $32M

Taylor Williams — Mon, 18 May 2026 13:30:26 +0000

WATERTOWN, MASS. — JLL Income Property Trust has purchased West Boston Medical Center, a 53,000-square-foot healthcare property located on the western outskirts of the state capital, for $32 million. The 53,000-square-foot building was fully leased at the time of sale to a single provider that recently signed a new 15-year lease. Specialty practices housed within the facility include internal medicine, pediatrics, female reproductive health, radiology, physical therapy and dermatology. The seller was not disclosed.

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Two New Tenants Ink Leases Totaling 10,700 SF at Medical Outpatient Building in Lindenhurst, Illinois

Kristin Harlow — Fri, 15 May 2026 13:21:01 +0000

LINDENHURST, ILL. — Action Behavior Centers Therapy and Smile Partners have inked leases totaling 10,700 square feet at 1025 Red Oak Lane in Lindenhurst, a far north suburb of Chicago. Davis owns the Class A medical outpatient building. Jason Wurtz and Sarah Walker of NAI Hiffman represented Davis. Constructed in 2012, the two-story, 44,684-square-foot property offers space designed specifically for healthcare users, including efficient floor plates, 10-foot ceiling heights and infrastructure capable of supporting advanced medical technologies.

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The Community Builders Completes 60,000 SF Sankofa Village Wellness Center in Chicago

Kristin Harlow — Tue, 12 May 2026 13:55:21 +0000

CHICAGO — The Community Builders (TCB) has opened the Sankofa Village Wellness Center (SVWC), a new community health and wellness hub addressing health inequality in Chicago’s West Garfield Park. According to TCB, recent studies have shown that life expectancy is 20 years lower in West Garfield Park compared with Chicago’s more affluent downtown communities. Reasons include insufficient access to quality healthcare, economic opportunity and quality foods. The vision for SVWC began in 2019 when faith leaders, Rush University, community organizations and TCB formed the Garfield Park Rite to Wellness Collaborative (GPRWC). In 2022, SWVC was a co-recipient of the Pritzker Traubert Foundation’s “Chicago Prize” award. Ultimately, the Collaborative, TCB and community partner the MAAFA Redemption Project secured over $44 million in funding. The three-story, 60,000-square-foot community hub brings healthcare, prevention and wellness services under one roof. SVWC will serve roughly 6,000 patients annually and will also offer community spaces, including drop-in childcare, an indoor gymnasium and walking track, a fitness center and space for screenings, primary medical care and reproductive, behavioral, dental health services and a credit union. Tenants include Erie Family Health Centers, Equal Hope, Rush University Medical Center, West Side United, the YMCA and GPRWC.

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MBA: Commercial, Multifamily Borrowing Increased 52 Percent in First-Quarter 2026

John Nelson — Tue, 12 May 2026 11:45:00 +0000

WASHINGTON, D.C. — Commercial and multifamily mortgage loan originations were 52 percent higher in the first quarter of 2026 compared to first-quarter 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. First-quarter production falls in line with the organization’s 2026 forecast made in February that commercial and multifamily loan originations this year would increase by 27 percent compared to 2025. Among capital sources, the dollar volume of loans originated for investor-driven lenders increased by 133 percent year-over-year in the first quarter. There was also an 80 percent increase in loans for depositories (i.e. banks and credit unions); a 38 percent increase in government-sponsored enterprises (i.e. Fannie Mae and Freddie Mac); and a 9 percent increase in life company loans. There was also a14 percent decline in commercial mortgage-backed securities (CMBS) loans compared to a year ago. “The most notable increase was the 80 percent rise in depository lending, driven in part by the large volume of bank-held loans maturing this year and the need to refinance those positions,” says Reggie Booker, MBA’s associate vice president of commercial research. “The slowdown [from fourth-quarter 2025] is consistent with typical first-quarter seasonality and does not detract from…

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Benderson, The Villages to Develop 700-Acre Hospital-Anchored Campus in Central Florida

John Nelson — Mon, 11 May 2026 12:00:00 +0000

THE VILLAGES, FLA. — Benderson Development, in a collaboration with The Villages, has announced plans to develop Legacy Place, a 700-acre mixed-use development in Central Florida. The project will be situated along three miles of Florida’s Turnpike near County Road 470 and Central Parkway and serve as the southern gateway to The Villages master-planned community. A new 25-acre hospital operated by Florida-based AdventHealth will anchor Legacy Place, serving communities across Sumter, Lake and Marion counties, including residents within The Villages. Construction on the 80-bed hospital, which will have emergency and surgical services, is expected to begin in 2027, with an opening projected in 2030. The Wildwood–The Villages metropolitan area has been among the fastest-growing in the country, with population rising by nearly 20 percent over the past four years. “This region is growing quickly, and that kind of growth brings both opportunity and responsibility,” says Rob Deininger, CEO of AdventHealth’s East Florida division. “We’re planning for what families will need not just today, but years from now, making sure the medical infrastructure keeps pace. This will strengthen how people receive care across the region, helping connect care and reduce the need for travel.” At full build-out, Legacy Place will feature 3…

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Colliers Brokers $35M Sale of Five-Property Mixed-Use Portfolio on Florida’s Space Coast

Abby Cox — Fri, 08 May 2026 14:17:24 +0000

MELBOURNE, FLA. — Colliers has brokered the $35 million sale of a five-property portfolio totaling more than 294,000 square feet of office, industrial, retail and medical office space in Melbourne, a city on Florida’s Space Coast. The portfolio, dubbed the Florida Space Coast Investment Portfolio, featured multiple transactions between August 2025 and April 2026. Melbourne Corporate Center, a 33,623-square-foot office building that is fully leased to aerospace engineering firm Aeronix, sold for $3.1 million. Hibiscus Professional Center, which sold for $2.5million, totals 26,300 square feet and is leased to National Drug Screening, Benezra Gynecology and Hanger Prosthetics. Imperial Plaza, a 107,000-square-foot office and retail center, sold for $12.2 million and is occupied by tenants such as the Department of State, FBI and DCAA, Stifel and Fiesta Azteca. Centre at Suntree, an 82,172-square-foot retail and medical property, sold for $12.3 million and is home to Premier Urgent Care, Moon Golf and Huntington Learning Center. Lastly, Rivercrest Professional Center, a 45,475-square-foot office and flex property, sold for $5 million and is occupied by Health First and Cape Canaveral Hospital. Joe Rossi and Scott Brenner of Colliers represented the undisclosed seller in all transactions. Max Ducharme of PMD Capital Management purchased Melbourne Corporate Center…

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Woodside Health Acquires 40,000 SF Medical Office Building in Chapel Hill, North Carolina

John Nelson — Wed, 06 May 2026 14:17:39 +0000

CHAPEL HILL, N.C. — Cleveland-based Woodside Health has acquired Meadowmont Crossing, a three-story, 40,000-square-foot medical office building located at 400 Meadowmont Village Circle in Chapel Hill. The seller was an affiliate of Curbline REIT doing business as CL MEADOWMONT VILLAGE NC LP. The sales price was not disclosed. Built in 2001, the property is situated off NC Highway 54 and is anchored by UNC Health, a state-owned health system that operates 16 hospitals and hundreds of clinics across North Carolina.

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Matthews Capital Markets Secures $22.5M Acquisition Loan for Medical Office Portfolio in California

Amy Works — Mon, 04 May 2026 14:09:04 +0000

OXNARD, CALIF. — Matthews Capital Markets has secured a $22.5 million acquisition loan for a four-property medical office and regional center portfolio in Oxnard. Geoffrey Arrobio of Matthews Capital Markets handled the financing. The undisclosed borrower acquired the 193,066-square-foot portfolio at a 10 percent cap rate. Located at 1701 and 1801 Solar Drive, 1901 Rice Ave. and 2401 E. Gonzalez Road, the portfolio was 92 percent occupied at the time of sale. The borrower plans to execute a value-add business plan that includes expanding certain medical uses, interior building upgrades and implementing energy-efficient systems, including solar.

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Grossman Cos. Buys 119,500 SF Healthcare Building in Westwood, Massachusetts

Taylor Williams — Fri, 01 May 2026 13:03:03 +0000

WESTWOOD, MASS. — Locally based investment firm The Grossman Cos. has purchased a 119,500-square-foot healthcare building in Westwood, located southwest of Boston. The building at 80 Wilson Way is fully leased to Beth Israel Lahey Health Inc. Grossman has appointed local brokerage and advisory firm KeyPoint Partners to manage the building. The seller and sales price were not disclosed.

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Vertical Construction Begins on $1.2B Hospital Development in North Charleston

John Nelson — Thu, 30 Apr 2026 14:47:10 +0000

NORTH CHARLESTON, S.C. — The Barton Malow | Edifice joint venture team has begun structural steel work at Roper St. Francis Healthcare’s $1.2 billion Roper Hospital development in North Charleston. The start of steel work signals the 27-acre project’s transition from below-grade construction to its vertical rise. Designed by E4H Environments for Health Architecture and Skidmore, Owings & Merrill, the hospital campus will span 805,000 square feet and will offer 328 inpatient beds, a 47-bay emergency department, 44 critical care beds, 18 operating rooms, a comprehensive imaging department and a 12-bay hemodialysis unit. Completion is targeted for 2029.

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Cushman & Wakefield Brokers $6.9M Sale of Delray Beach Medical Pavilion in South Florida

John Nelson — Thu, 30 Apr 2026 14:41:28 +0000

DELRAY BEACH, FLA. — Cushman & Wakefield has brokered the $6.9 million sale of Delray Beach Medical Pavilion, a 36,041-square-foot healthcare facility located at 14000 S. Military Trail in Delray Beach. Located in South Florida’s Palm Beach County, the clinic features covered parking and was 63.4 percent leased at the time of sale. Benlee Asset Management purchased Delray Beach Medical Pavilion from the seller, an entity doing business as 14000 S Military Trail LLC. Scott O’Donnell, Mike Ciadella, Greg Miller, Miguel Alcivar, Gino Lollio and Travis Ives of Cushman & Wakefield represented the seller in the transaction.

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