Healthcare

Edge Negotiates $5.5M Sale of Medical Office Portfolio in Fredericksburg, Virginia

by Alex Tostado August 24, 2020

FREDERICKSBURG, VA — Edge has negotiated the $5.5 million sale of The Park at Snowden, a six-building, 22,400-square-foot medical office portfolio in Fredericksburg. The asset was 95 percent leased at the time of sale and is situated adjacent to Mary Washington Hospital. Tenants at the park include National Spine & Pain Centers, Fresenius Center, Integrated Health, Century Pediatrics, Fredericksburg Dental Associates and other medical practitioners affiliated with the Mary Washington Healthcare System. The Park at Snowden was delivered in 2002 and sits on 1.7 acres. Joe Friedman and Cristine Kleine of Edge represented the seller, a Fredericksburg-based private partnership, in the transaction. The team also procured the buyer, affiliates of Bethesda, Md.-based Fernau LeBlanc.

August 24, 2020

Acquisitions Healthcare Texas

Montecito Medical Acquires Two Outpatient Imaging Centers Totaling 28,517 SF in Corpus Christi

by Taylor Williams August 21, 2020

CORPUS CHRISTI, TEXAS — Montecito Medical Real Estate has acquired two outpatient imaging centers totaling 28,517 square feet in Corpus Christi. The buildings were fully leased to Radiology & Imaging of South Texas at the time of sale. Michael Moreno, Kyle Mackulak and Rahul Chhajed with Matthews Real Estate Investment Services brokered the deal. The seller was not disclosed.

August 21, 2020

Colorado Development Healthcare Loans Office Western

Associated Bank Provides $9.6M Construction Loan for Candelas Medical Office Building in Colorado

by Amy Works August 20, 2020

ARVADA, COLO. — Green Bay, Wisonsin-based Associated Bank has provided a $9.6 million construction loan to Mortenson Development/Seavest Healthcare Properties for the development of Candelas Medical Office Building in Arvada. The 42,425-square-foot property will be located at the intersection of West 91st Place and Candelas Parkway. This is Associated Bank’s first transaction for a Mortenson and Seavest joint venture. Mortenson is a privately held, Minnesota-based organization providing fully integrated development services to clients nationwide, and Seavest is an institutional healthcare real estate investment manager.

August 20, 2020

Development Florida Healthcare Southeast

Stevens Construction Delivers 11,630 SF Veterinary Hospital in Southwest Florida

by Alex Tostado August 20, 2020

CAPE CORAL, FLA. — Stevens Construction has delivered Viscaya-Prado Veterinary Hospital, an 11,630-square-foot animal hospital in Cape Coral. The owner-occupied clinic will be open 24 hours per day and feature 20 exam rooms, an X-ray machine, four operating rooms, treatment area, outdoor run, pharmacy and a lab. Viscaya-Prado Veterinary Hospital also houses separate dog and cat wards. The property is located at 1141 Country Club Blvd., six miles north of downtown Cape Coral. The architect of record is Ronald J. Melvin.

August 20, 2020

Acquisitions Healthcare Texas

Newmark Knight Frank Brokers Sale of 99,768 SF Medical Office Building in Metro Houston

by Taylor Williams August 17, 2020

BELLAIRE, TEXAS — Newmark Knight Frank (NKF) has brokered the sale of a 99,768-square-foot medical office building located at 5420 West Loop S. in the Houston suburb of Bellaire. Chad Lavender and Ryan Maconachy of NKF represented the seller, EPC Sparti LLC, in the transaction. The buyer was Bellaire 5420 APL MP LLC.

August 17, 2020

Acquisitions Healthcare New Jersey Northeast

Hudson Regional Hospital Buys Healthcare Property Near Brooklyn for $76M

by Taylor Williams August 14, 2020

BAYONNE, N.J. — Hudson Regional Hospital (HRH) has purchased Bayonne Medical Center, a healthcare property located across the Hudson River from Brooklyn, for $76 million. HRH has purchased the operations of the property, which features 278 beds, from its current operator CarePoint Health. Additional terms of sale were not disclosed.

August 14, 2020

Development Healthcare Kansas Midwest

McCarthy Completes $21M Johnson County Medical Examiner Facility in Kansas

by Kristin Harlow August 14, 2020

OLATHE, KAN. — McCarthy Building Cos. Inc. has completed construction of the new Johnson County medical examiner facility in Olathe. The 32,000-square-foot, single-story building is located at 11894 S. Sunset Drive in the heart of the Johnson County Government Campus. The $21 million project was designed to meet the highest standards of the National Association of Medical Examiners. The facility will help increase autopsy rates and provide data for public health officials to assist in identifying trends and emerging diseases. The project team included PGAV Architects, SmithGroup, Henderson Engineering, McClure Engineering and Confluence.

August 14, 2020

Acquisitions Healthcare Maryland Office Southeast

Cushman & Wakefield Negotiates $160M Sale of Medical Office Tower in Metro D.C.

by Alex Tostado August 13, 2020

CHEVY CHASE, MD. — Cushman & Wakefield has negotiated the $160 million sale of the Barlow Building, an 18-story, 293,852-square-foot medical office building in Chevy Chase. Amenities at the property include valet parking, a fitness center on the top floor, deli, conference center and a courtyard that houses a Starbucks. The property is located at 5454 Wisconsin Ave., less than one mile from the Friendship Heights Metro Rail Station and six miles north of downtown Washington, D.C. The undisclosed buyer has retained the seller, Carr Properties, for third-party management services. Bill Collins, Paul Collins, Drew Flood, Eric Berkman, Shaun Collins and Shaun Weinberg of Cushman & Wakefield represented the seller in the transaction.

August 13, 2020

Acquisitions Healthcare Massachusetts Northeast

Spinnaker Brokers $5.4M Sale of Medical Office Building in Worcester, Massachusetts

by Taylor Williams August 13, 2020

WORCESTER, MASS. — Spinnaker Healthcare Advisors, a Rhode Island-based division of RE/MAX Commercial, has brokered the $5.4 million sale of Eastern Medical Center. The 23,000-square-foot medical office building is located in the Central Massachusetts city of Worcester. The property was built in 2006 and was fully leased at the time of sale. Andy Kushner and Mike Milano of Spinnaker represented the undisclosed seller and procured the buyer, Sood Realty Trust, in the transaction.

August 13, 2020

Development Healthcare Illinois Midwest

Premier Design + Build Completes 41,724 SF Medical Office Building in New Lenox, Illinois

by Kristin Harlow August 11, 2020

NEW LENOX, ILL. — Premier Design + Build Group has completed construction of a two-story, 41,724-square-foot medical office building in New Lenox, about seven miles east of Joliet. HSA|Primecare was the developer. The ground floor of the property houses a Silver Cross urgent care facility as well as a primary care unit. Located at 1851 Silver Cross Blvd. across the street from Silver Cross Hospital’s Pavilion A & B, the new building is known as Pavilion D. The urgent care space features an X-ray room, laboratory, six exam rooms, offices and a waiting area. The second floor is designed for clinical and medical office use. The project team included Eppstein Uhen Architects, Ruettiger, Tonelli & Associates, Pierce Engineers and IMEP.

August 11, 2020

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