Healthcare

Stevens Construction Breaks Ground on 27,773 SF Medical Facility in Naples, Florida

by Alex Tostado June 23, 2020

NAPLES, FLA. — Stevens Construction has broken ground on Executive Medical Center, a planned 27,773-square-foot healthcare facility in Naples. The first floor of the three-story building will feature medical offices, exam rooms and an MRI machine. The second floor will offer medical office space that will be available for lease beginning in March 2021. The third story will include an ambulatory surgery center with operating and outpatient rooms. The facility will be located at 4513 Executive Drive, adjacent to two medical office buildings and 13 miles north of downtown Naples. A timeline for completion was not disclosed.

June 23, 2020

Acquisitions California Healthcare Office Western

CREST Properties Sells DaVita-Occupied Medical Office Building in Orange County for $8.4M

by Amy Works June 23, 2020

TUSTIN, CALIF. — CREST Properties has completed the disposition a medical office property located at 721 W. First St. in Tustin. of A Southern California-based private investor acquired the asset for $8.4 million. DaVita Healthcare occupies the entire 11,499-square-foot building. Ian Schroeder, Melissa Ley and Allison McDuffie of CBRE of represented the seller in the deal.

June 23, 2020

Acquisitions Healthcare Indiana Midwest

Stan Johnson Co. Brokers $2.7M Sale of Indiana Healthcare Facility

by Kristin Harlow June 22, 2020

KOKOMO, IND. — Stan Johnson Co. has brokered the $2.7 million sale of a 10,000-square-foot healthcare facility leased to Advanced Medical Imaging in Kokomo in central Indiana. The single-tenant property is located at 2008 W. Boulevard St. Constructed in 2003, the Class B building sits on 1.4 acres near two hospitals. Rachel Walz of Stan Johnson represented the buyer, a Chicago-based private investor. Advanced Nuclear Medicine LLC was the seller.

June 22, 2020

Development Healthcare Texas

Healthpeak Properties Underway on 116,500 SF Medical Office Project in Houston

by Taylor Williams June 22, 2020

HOUSTON — Healthpeak Properties, a REIT focused on life sciences, seniors housing and medical office real estate, is underway on construction of a 116,500-square-foot medical office project in Houston. The five-story building is located at 7500 Fannin St. on the campus of The Woman’s Hospital of Texas, about one mile south of Texas Medical Center. The property is 36 percent preleased and is expected to be complete in December 2021. Transwestern is marketing the project, which also includes the construction of a new parking garage. The Woman’s Hospital of Texas was established in 1976 to provide a comprehensive suite of services for women, including obstetrics and gynecology.

June 22, 2020

California Healthcare Loans Office Western

Gantry Arranges $33.3M in Financing for Two Office Buildings in San Francisco’s East Bay Market

by Amy Works June 22, 2020

SAN FRANCISCO — Gantry has secured $33.3 million in permanent financing for adjacent office buildings in the East Bay region of San Francisco. The assets include a 70,000-square-foot, special-purpose office building and a 65,000-square-foot medical office building. The borrower, a local developer, built both assets under long-term ground leases. Andrew Mekjavich and Ben Johnson of Gantry’s San Francisco office worked with the owner to structure two 10-year, fixed-rate loans with two unique lenders, both on a non-recourse basis. The borrower used the financing to retire the existing debt and execute a business plan, details of which were not disclosed.

June 22, 2020

Bristol-Myers-Squibb-Hopewell-New-Jersey

Acquisitions Healthcare Life Sciences New Jersey Northeast Office Top Stories

Lincoln Equities, H.I.G. Realty Acquire 1.2 MSF Life Sciences Campus in Hopewell, New Jersey

by Taylor Williams June 22, 2020

HOPEWELL, N.J. — A partnership between full-service real estate firm Lincoln Equities Group and New York City-based H.I.G. Realty Partners has acquired Princeton West Innovation Campus, a 1.2 million-square-foot life sciences property in Hopewell, New Jersey. The 433-acre development, which is located about seven miles from Princeton University, is the former campus of Bristol Myers Squibb (BMS). The New York City-based biopharmaceutical firm announced in late 2016 that it would gradually begin ceasing operations and shutting down the campus, according to centraljersey.com. The sales price was not disclosed, but the property flyer notes that BMS had invested more than $500 million in capital improvements to the campus prior to the sale. “Given the current public health crisis, we anticipate pharmaceutical and life sciences manufacturers to consider ‘reshoring’ and expanding operations in the United States,” says Joel Bergstein, president of Lincoln Equities. “This spacious, modern BMS campus — located in the center of ‘Einstein’s Alley’ in Central New Jersey — is a prime location for continued innovation and expansion.” Lance Bergstein, an acquisition and development officer at Lincoln Equities, pointed to the region’s skilled and qualified workforce as another key driving factor behind the acquisition. “New Jersey has one of the …

June 22, 2020

Acquisitions Healthcare North Carolina Office Southeast

Flagship Healthcare Purchases Three Medical Office Buildings Totaling 88,000 SF in Hickory, North Carolina

by Alex Tostado June 17, 2020

HICKORY, N.C. — Flagship Healthcare Properties has purchased three medical office buildings totaling 88,000 square feet in Hickory. The buildings were 96 percent leased at the time of sale to tenants including the Veteran’s Administration Hickory Outpatient Clinic (25,920 square feet), A Woman’s View (20,470 square feet) and practices associated with Frye Regional Medical Center (19,923 square feet). The VA is located at 2440 Century Place SE, 50 miles north of downtown Charlotte. A Woman’s View is located at 915 Tate Blvd. SE, and Frye Regional Medical Center is situated at 420 N. Center St. Flagship Healthcare will provide property management services at the Hickory portfolio. First Horizon Bank provided acquisition financing. The seller(s) and sales price were not disclosed.

June 17, 2020

Healthcare Indiana Leasing Activity Midwest

Indiana Physical Therapy Opens 4,200 SF Facility in Huntington

by Kristin Harlow June 17, 2020

HUNTINGTON, IND. — Indiana Physical Therapy Inc. has signed a retail lease for 4,200 square feet at the Huntington Forum Shops in Huntington, about 25 miles southwest of Fort Wayne. The shopping center is located at 2880 Walmart Drive. Stanley Phillips and Dave Horacek of Bradley Co. represented the landlord, SHIV Huntington LLC, in the lease negotiations. Indiana Physical Therapy now operates 19 locations across the state.

June 17, 2020

Healthcare Leasing Activity New York Northeast

KZA Realty Negotiates 1,730 SF Medical Office Lease in The Bronx

by Alex Patton June 15, 2020

NEW YORK CITY — KZA Realty Group has negotiated a 1,730-square-foot medical office lease for Compassionate Medical Practice in The Bronx. Located at 1776 Boston Road, the space is on the ground floor of the eight-story, 72-unit High Hawk apartment building, which features a total of 6,800 square feet of retail space. The lease term is 10 years. The property is located within walking distance of Crotona Park and offers convenient access to interstates 95 and 278.

June 15, 2020

Development Healthcare Indiana Midwest

Cornerstone Cos. to Develop 40,000 SF Medical Office Building in Carmel, Indiana

by Kristin Harlow June 12, 2020

CARMEL, IND. — Cornerstone Cos. Inc. has purchased a three-acre parcel at 12174 N. Meridian St. in Carmel, a suburb of Indianapolis. Cornerstone plans to develop a 40,000-square-foot medical office building on the site. Known as Carmel Medical Arts Pavilion, the three-story project will be home to four healthcare tenants providing orthopedics, rehabilitation, primary care and pediatric dentistry services. The property will feature covered physician parking and an outdoor terrace on the third floor. Cornerstone will serve as developer, construction manager and property manager. The Indianapolis-based company specializes in healthcare real estate. A timeline for completion was not disclosed.

June 12, 2020

Newer Posts

Older Posts