Healthcare

Colliers Brokers $42.9M Sale-Leaseback of Two Medical Office Buildings in Mississippi

by John Nelson June 27, 2018

JACKSON AND VICKSBURG, MISS. — Colliers International has brokered the $42.9 million sale-leaseback of two medical office buildings in Mississippi. Combining for 91,526 square feet, the two assets are triple-net leased by a single tenant, GI Associates & Endoscopy Center. The facilities include GI Associates’ headquarters facility in Jackson and its satellite office located in Vicksburg. Josh Randolph of Colliers International’s Birmingham, Ala., office represented GI Associates in the sale. The buyer was not disclosed.

June 27, 2018

Acquisitions Healthcare Nevada Office Western

Fairfield Asset Advisors Brokers $20.7M Sale of Medical Office Building in Henderson, Nevada

by Amy Works June 25, 2018

HENDERSON, NEV. — Denver-based Fairfield Asset Advisors has arranged the sale of a medical office building located at 10561 Jeffreys St. in Henderson. An undisclosed buyer acquired the property for $20.7 million. The seller was a physician group. Built in 2008, the property features 48,000 square feet of medical office space. The anchor tenant is an orthopedic surgery center operated by USPI and Dignity Health.

June 25, 2018

Healthcare Loans Maryland Office Southeast

CIT Group Provides $26.6M Acquisition Loan for Medical Office Center in Metro D.C.

by Camren Skelton June 22, 2018

ROCKVILLE, MD. — CIT Group Inc. has provided a $26.6 million loan for the acquisition of Shady Grove Professional Center, a two-building medical office complex in Rockville, roughly 16 miles north of Washington, D.C. The two-building center is situated on 5.6 acres and totals more than 100,000 square feet. CIT Group arranged the loan on behalf of the borrower, a joint venture between Anchor Health Properties, MedProperties and CDC Realty.

June 22, 2018

Acquisitions Colorado Healthcare Office Western

Quantum Commercial Brokers $2.9M Sale of Medical Office Building in Colorado Springs

by Amy Works June 20, 2018

COLORADO SPRINGS, COLO. — Quantum Commercial Group has arranged the sale of a medical office building located at 1699 Medical Center Point in Colorado Springs. A private investor, 601 El Camino Real LLC, acquired the property for $2.9 million. The building features 9,585 square feet of medical office space. Kay Folan of Quantum Residential Group and Mary Frances Cowan of Quantum Commercial Group represented the seller, 1699 Medical Center Point LLC. Steve Ghirardo and Nick Ghirardo of Ghirardo Real Estate Group represented the buyer in the deal.

June 20, 2018

Acquisitions Arizona Healthcare Office Western

Sun Commercial Brokers $4.5M Sale of Medical Office Building in Glendale, Arizona

by Amy Works June 19, 2018

GLENDALE, ARIZ. — Sun Commercial Real Estate’s Investment Services Group has arranged the sale of a medical office building located at 20325 N. 51st Ave. in Glendale. A California-based buyer acquired the property for $4.5 million, or approximately $375 per square foot. DaVita Dialysis occupies the 12,148-square-foot property on an absolute net-leased basis, with at least 10 years remaining on its lease. Cathy Jones, Jessica Cegavske, Roy Fritz, Paul Miachika and Taylor Vasquez of Sun Commercial Real Estate handled the transaction. The name of the seller was not released.

June 19, 2018

Development Healthcare Texas

Baylor Scott & White, Dallas Cowboys to Open 300,000 SF Sports Research Center at The Star in Frisco

by John Nelson June 18, 2018

FRISCO, TEXAS — Baylor Scott & White and the Dallas Cowboys will open their new 300,000-square-foot sports research facility at The Star in Frisco this Wednesday. Services that will be offered at the Baylor Scott & White Sports Therapy & Research at The Star include sports performance testing, a concussion center, imaging center, surgery suites, urgent care center, research space, outpatient rehabilitation and a pharmacy. Dallas-based Baylor Scott & White and the Cowboys are holding an official opening at the complex’s turf outdoor football field with the Frisco Independent School District, which is a partner in the new sports research and treatment complex.The facility was designed by the Dallas office of global architecture and design firm Perkins+Will. The Star is a 91-acre sports and entertainment district and serves as the world headquarters of the Cowboys.

June 18, 2018

Acquisitions Healthcare New York Northeast

Cushman & Wakefield Brokers Sale of 8,307 SF Medical Office Building in Queens

by David Cohen June 14, 2018

NEW YORK CITY — Cushman & Wakefield has brokered an 8,307-square-foot medical building in the Far Rockaway neighborhood of Queens. The property, 29-15 Far Rockaway Blvd., sold for $1.4 million, or $168.50 per square foot. Dan Abbondandolo of Cushman & Wakefield represented the seller, The Jobel LLC, in the transaction. The buyer was Rockaway Partners. The building sits on a half-acre lot and includes a 27-car parking lot. It is currently occupied on a triple-net lease basis by Rockaway Medical Officewith a lease that runs through December 2018.

June 14, 2018

Conference Coverage Features Healthcare North Carolina Property Type South Carolina Southeast Southeast Feature Archive

Healthcare Systems, Physicians are ‘More Sophisticated’ When it Comes to Real Estate, Says InterFace Healthcare Panel

by John Nelson June 13, 2018

CHARLOTTE, N.C. — Healthcare systems and physicians groups once viewed their real estate operations as a line item on a ledger and not as high a priority as staffing, education or equipment. In the years since reimbursements from Medicare began tightening as it went from a fee-for-service model to an outcome-based one, healthcare systems and physicians are getting more savvy when it comes to their real estate strategies. “With respect to real estate, healthcare systems used to be naïve,” said Mark Curtis, director of Greenville Health System, a not-for-profit system serving the Upstate South Carolina area. “Now they’re far more sophisticated than they were five years ago.” Curtis was one of five healthcare real estate experts on stage at a panel entitled “What Do Hospitals & Systems See Coming in 2018?” Rex Noble, senior vice president of asset management at Flagship Healthcare Properties, moderated the discussion. The panel was the closing act at the eighth annual InterFace Healthcare Real Estate Carolinas show, which took place on May 31 at the Hilton City Center hotel in Uptown Charlotte. The event drew 160 attendees in the healthcare real estate space from across North and South Carolina. Operations are Under the Microscope Spurred …

June 13, 2018

Connecticut Healthcare Loans Northeast Office

Associated Bank Provides $27.7M Loan for VA Community Care Center in Orange, Connecticut

by David Cohen June 13, 2018

ORANGE, CONN. — Associated Bank has provided a $27.7 million construction loan to Orange VA LLC for a 56,000-square-foot office building in Orange. The building, which will be located at 200 Edison Road, will house a Veterans Administration Community Care Center. Completion is slated for mid-2019. Services at the center will include primary care, team vocational services, health psychology and peer support services. Brian P. Rogan of the Commercial Real Estate division of Associated Bank originated the loan.

June 13, 2018

501-Deep-Valley-Dr-Palos-Verdes-Peninsula-CA

Acquisitions California Healthcare Office Western

NKF Capital Markets Brokers $12.7M Sale of Medical Office Building in Metro Los Angeles

by Amy Works June 13, 2018

PALOS VERDES PENINSULA, CALIF. — NKF Capital Markets has facilitated the sale of a medical office building located at 501 Deep Valley Drive in Palos Verdes Peninsula, a city within the South Bay submarket of Los Angeles County. Deep Valley Drive LLC sold the property to Beverly Hills, Calif.-based Dayani Partners for $12.7 million. UCLA Health occupies 77 percent of the four-story, 33,770-square-foot building. Sean Fulp, Ken White, Michael Moore and Kevin Shannon of NKF Capital Markets represented the seller, while the buyer was self-represented in the transaction.

June 13, 2018

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