Healthcare

Dallas County Approves $83M Sale of Former Parkland Memorial Campus to Dreien

by Taylor Williams March 28, 2018

DALLAS — Dallas County has approved the $83 million sale of the former Parkland Memorial medical campus in northwest Dallas to Dreien Opportunity Partners, according to the March 27 agenda from the county commissioners. Dreien is a development group headed by Dallas magnate Sam Ware that is also working to redevelop the Collin Creek Mall in Plano. The company is financing the acquisition in part by leasing 560 parking spaces currently used by Parkland employees. Plans for the redevelopment of the 38-acre campus, which was owned by Parkland, include condos, apartments and a hotel.

March 28, 2018

Development Healthcare Iowa Midwest

NexCore Begins Construction of 37,800 SF Healthcare Clinic in Council Bluffs, Iowa

by Kristin Harlow March 23, 2018

COUNCIL BLUFFS, IOWA — NexCore Group, a national healthcare real estate developer, has begun construction of the new CHI Health Valley View Clinic in Council Bluffs near Omaha, Neb. The 37,800-square-foot clinic will replace an existing 9,000-square-foot facility, therefore quadrupling the size. The CHI Health Valley View Clinic will provide a variety of healthcare services under one roof, including primary care, behavioral health, women’s services, radiology, ultrasound, pharmacy and physical therapy providers. The property will feature 54 exam rooms and is slated to open in May 2019. The clinic is expected to provide a $10.4 million annual economic benefit to the area, according to NexCore. Darland Construction Co. is the general contractor and Leo A Daly is the architect.

March 23, 2018

Acquisitions Healthcare Oklahoma Texas Top Stories

OU Medicine Acquires HCA’s Interests in Oklahoma City Medical System for $1.1B

by Kristin Harlow March 23, 2018

OKLAHOMA CITY — OU Medicine Inc. has acquired interests in OU Medical System (OUMS), a series of hospitals and medical facilities in and around Oklahoma City. The buyer received nearly $1.1 billion in financing for the transaction. The seller was HCA Healthcare, which sold its full interest in the system. OU Medicine is an affiliate of University Hospitals Authority and Trust (UHAT). HCA Healthcare is a joint operating company operated by HCA and UHAT. OU Medicine, a newly formed 501(c)(3) corporation, completed the acquisition with a $900 million bridge financing and $175 million subordinated debt issuance. Proceeds from the combined nearly $1.1 billion financing were also used to provide liquidity on OU Medicine’s balance sheet, fund a portion of a bed tower expansion and redeem $42.4 million of outstanding UHAT bonds. The bridge financing included $673.4 million of tax-exempt direct purchase senior bonds and a $232.5 million taxable senior loan. UHAT retained Cain Brothers as its exclusive M&A advisor to negotiate the termination of the existing joint operating agreement with HCA. Cain Brothers also acted as financial advisor to assist in sourcing and structuring the bridge financing. OU Medicine was formed to own and operate OUMS, a health system of three …

March 23, 2018

California Development Healthcare Office Western

Trammell Crow Breaks Ground on 200,000 SF Medical Office Building in Moreno Valley, California

by Amy Works March 22, 2018

MORENO VALLEY, CALIF. — Trammell Crow Co.’s Southern California-Newport Beach office has started construction of a 200,000-square-foot medical office building in Moreno Valley. Riverside University Health System (RUHS) will occupy the three-story facility, which will feature space for specialty physician groups, an outpatient surgery center and expanded pharmacy services. he new medical office building will occupy 17.4 acres on the southern portion of RUHS’s 80-acre medical center campus and feature a single-story, 7,000-square-foot lobby and café. The new outpatient building and the existing medical center will be linked to the new property by a second-floor pedestrian bridge. Completion is slated for 2019.

March 22, 2018

Healthcare Midwest Missouri

McCarthy Completes $73M Hospital Expansion, Renovation in Crystal City, Missouri

by Kristin Harlow March 13, 2018

CRYSTAL CITY, MO. — McCarthy Building Cos. Inc. has completed a three-story, 120,000-square-foot patient building on the campus of Mercy Hospital Jefferson in Crystal City, 35 miles south of St. Louis. The new development features 90 private patient rooms. McCarthy also renovated the hospital’s main entrance as part of the $73 million project. New corridors help connect the emergency department, imaging, surgical services and admitting areas. Further interior renovations included the construction of a new emergency department waiting area, additional cardiology facilities and MRI suites. The new childbirth center on the third floor of the existing tower includes new labor and delivery suites, remodeled postpartum rooms and two dedicated surgical units. Bates Architects designed the new patient tower, and Heideman Associates served as MEP engineer.

March 13, 2018

Healthcare Texas

Cushman & Wakefield Brokers Sale of 61,082 SF Medical Office Building in Metro Houston

by Taylor Williams March 9, 2018

KATY, TEXAS — Cushman & Wakefield has brokered the sale of Katy Medical Arts Center, a 61,082-square-foot medical office building in Katy. The property was 100 percent leased at the time of sale to local and national medical practices spanning a variety of disciplines. Katy Med-Arts Partners Ltd., a partnership of 20-plus physicians associated with practices in the building, sold the property to a private equity-backed investor for an undisclosed price. Gino Lollio and Scott Niedergang of Cushman & Wakefield brokered the transaction.

March 9, 2018

Healthcare Midwest Wisconsin

Froedtert, Medical College of Wisconsin, HSA PrimeCare Open Health Center Near Milwaukee

by Kristin Harlow March 1, 2018

OAK CREEK, WIS. — Froedtert Hospital & the Medical College of Wisconsin’s Drexel Town Square Health Center has opened in Oak Creek, about 12 miles south of Milwaukee. Developed by HSA PrimeCare, the health center spans 109,000 square feet and includes a 425-space parking garage. The property is home to family and pediatric medicine, obstetrics and gynecology, urgent care and specialty care. The facility also includes an outpatient surgery center, cancer center, pharmacy and lab services. Dual-access exam rooms and an oval-shaped shared workspace for hospital staff and doctors help cut down on wait times.

March 1, 2018

Healthcare Texas

Next Level Urgent Care Leases 2,770 SF Retail Space in Metro Houston

by Taylor Williams February 28, 2018

THE WOODLANDS, TEXAS — Next Level Urgent Care has leased 2,770 square feet of retail space at Augusta Woods Village in the northern Houston metro of The Woodlands. The new clinic is the company’s 12th location in the Houston area. Ryan Dierker and Tuan Nguyen of Newcor Commercial Real Estate represented Next Level Urgent Care in the lease negotiations. Joey Lumsden of Evergreen Commercial represented the landlord, Augusta Equities LLC.

February 28, 2018

Healthcare Texas

Metroplex Medical Centre to Open 5,300 SF Medical Facility at Sundance Square in Fort Worth

by Taylor Williams February 26, 2018

FORT WORTH, TEXAS — Metroplex Medical Centre will open a primary care medical facility within the Sundance Square retail and dining development in downtown Fort Worth. The healthcare provider will operate out of a 5,300-square-foot space at the corner of First and Commerce streets that will be outfitted over the next few months. The facility will be able to accommodate same-day appointments and walk-in emergencies, as well as conduct blood tests and X-Rays. The opening is slated for mid-year.

February 26, 2018

Healthcare Midwest Missouri

McGrath & Associates Completes 16,000 SF Renovation of Medical Center in St. Louis

by Kristin Harlow February 26, 2018

ST. LOUIS — McGrath & Associates has completed a renovation of the Missouri Baptist Medical Heart Center in St. Louis. The renovations totaled 16,000 square feet and included two physician office suites, a PET/CT imaging room and an outpatient testing area. An advanced nuclear imaging technique combines positron emission tomography (PET) and computed tomography (CT) into one machine. Christner served as the architect for the six-month project.

February 26, 2018

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