Healthcare

Cambridge Healthcare Solutions Completes VA Healthcare Center in Butler, Pennsylvania

by Haisten Willis June 1, 2017

BUTLER, PA. — Cambridge Healthcare Solutions has completed development of a Department of Veterans Affairs (VA) healthcare center in Butler. Cambridge teamed with Stantec for design and Mascaro Construction for construction of the building. The VA accepted the facility on May 26, and Cambridge will remain as asset manager throughout a 20-year lease. The 251,000-square-foot facility is located on 46 acres on Duffy Road and valued at approximately $110 million. The healthcare center is expected to open in late August will provide outpatient primary care, specialty services, mental health, dental, physical rehabilitation and women’s health care, augmenting services offered at an existing VA campus in Butler.

June 1, 2017

Healthcare Oregon Western

Samaritan Pacific Communities Hospital in Newport Undergoes Renovation

by Nellie Day May 30, 2017

NEWPORT, ORE. — The Neenan Company and Gerding Builders have broken ground on the redevelopment of a 126,000-square-foot critical access hospital for Samaritan Pacific Communities Hospital (SPCH) in Newport. The redevelopment includes remodeling the existing 40,000-square-foot facility, as well as adding an 86,000-square-foot facility. The new facility will house 22 departments, including imaging, therapy, surgical and emergency services, greatly enhancing the scope of services the hospital will provide. The hospital will offer an integrated medical campus that brings together specialty departments, ancillary services and outpatient clinics. The hospital is situated immediately off the Pacific Coast Highway along the central Oregon coast. It was last updated in 1988. The project is scheduled for completion in 2019. The community approved a $57 million bond support to update the critical access hospital.

May 30, 2017

Healthcare Texas Uncategorized

Caddis Acquires Medical Office Properties in El Paso, Plano

by Taylor Williams May 26, 2017

EL PASO AND PLANO, TEXAS — Dallas-based healthcare real estate firm Caddis has acquired two medical office properties in El Paso and Plano. The company has purchased George Dieter Medical Plaza, a 15,005-square-foot property located at 1393 George Dieter Drive in El Paso, a transaction for which Capital One provided the acquisition financing. Caddis has also acquired a 21,246-square-foot building located at 5228 W. Plano Parkway in Plano, which is currently leased to Plano Orthopedic Sports Medicine & Spine Center.

May 26, 2017

Healthcare Northeast Pennsylvania

Construction Begins on Center for Healthcare Technology in Philadelphia

by Haisten Willis May 25, 2017

PHILADELPHIA — Penn Medicine and IMC Construction have broken ground on the new Center for Healthcare Technology in Philadelphia. Located on Civic Center Boulevard, the first phase of the project will be a 250,000-square-foot, eight-story office building. The facility will be used for information technology and human resources. A second phase of the project will add an additional 10 stories totaling 290,000 square feet, bringing the tower to a total height of 18 stories and 540,000 square feet.

May 25, 2017

Healthcare Indiana Loans Midwest

KeyBank Provides $15.3M Refinancing for Skilled Nursing Portfolio in Indiana

by Kristin Harlow May 25, 2017

NOBLESVILLE AND LAFAYETTE, IND. — KeyBank Real Estate Capital has provided $15.3 million in loans for the refinancing of a two-property skilled nursing portfolio in Indiana. KeyBank provided a $9.6 million loan for Trilogy-Prairie Lakes Health Campus located in Noblesville, about 25 miles north of Indianapolis. Built in 2010, the 132-bed facility consists of 49 skilled nursing units, 33 assisted living units and 29 memory care units. KeyBank provided a $5.7 million loan for Trilogy-St. Mary Healthcare Center located in Lafayette, about 60 miles northwest of Indianapolis. The 71-bed facility was built in 1969 and renovated in 2010. John Randolph and Laura Conway of KeyBank Healthcare Group arranged the loans through the FHA 232/223(f) mortgage insurance program. Both loans include 35-year amortization schedules.

May 25, 2017

Georgia Healthcare Southeast

Bull Realty Brokers $16.8M Sale of Medical Office Building in Athens, Georgia

by John Nelson May 23, 2017

ATHENS, GA. — Atlanta-based Bull Realty has brokered the $16.8 million sale of The Exchange, a two-building medical office campus in Athens spanning 61,203 square feet. St. Mary’s Healthcare System occupies all of Building 300 and the majority of the space in Building 200. Services at this location include full modality outpatient diagnostic imaging, wellness, cardiology, neurology, and endocrinology. Other tenants include Athens Dentistry for Children and Athens Oconee Dentistry at the Exchange. American Healthcare Investors LLC/ Griffin American Healthcare REIT purchased the property from the sellers, 316 LLC and Exchange Building 300 LLC. Paul Zeman of Bull Realty represented the sellers in the transaction. Bell Harrison Development built The Exchange in 2007.

May 23, 2017

Healthcare Northeast Pennsylvania

Laurus Arranges $22.5M Sale of Hilton Garden Inn in Metro Philadelphia

by Haisten Willis May 22, 2017

FORT WASHINGTON, PA. — Laurus Corp. has arranged the $22.5 million sale of the Hilton Garden Inn located in the Philadelphia suburb of Fort Washington. Laurus acted as sponsor on behalf of Ethika Diversified Opportunity Real Estate Fund. After acquiring the hotel in 2013, Laurus implemented a $2.5 million value-add strategy including a renovated lobby and outdoor seating areas as well as enhancements to the guest rooms. Laurus also selected a new management company. The property is located adjacent to the Fort Washington Office Park.

May 22, 2017

Florida Healthcare Southeast

Cleveland Clinic, Rendina Break Ground on $32M Medical Office Building in Broward County

by John Nelson May 18, 2017

CORAL SPRINGS, FLA. — A joint venture between Cleveland Clinic and Rendina Healthcare Real Estate has broken ground on Family Health Center, a $32 million medical office building located at the intersection of University Drive and Sawgrass Expressway in Coral Springs, a town in South Florida’s Broward County. Situated on 5.3 acres, the three-story property will span 72,000 square feet and feature clinical space, diagnostic imaging and an ambulatory surgery center. Cleveland Clinic will fully occupy Family Health Center, which is expected to open in 2018.

May 18, 2017

Healthcare Office Texas

E.E. Reed Completes 176,836 SF Medical Office Building in The Woodlands

by Taylor Williams May 18, 2017

THE WOODLANDS, TEXAS — E.E. Reed Construction LP has completed a six-story, 176,836-square-foot medical office building on the Memorial Hermann Woodlands campus in the northern Houston suburb of The Woodlands. Balfour Concord served as construction manager on the development and Powers Brown Architecture served as designer for the project.

May 18, 2017

Healthcare Midwest Ohio

Bull Realty Brokers $3.3M Sale of Medical Facility in Columbus, Ohio

by Kristin Harlow May 16, 2017

COLUMBUS, OHIO — Bull Realty has brokered the sale of a BIOMAT specialty medical facility in Columbus for $3.3 million. The 14,957-square-foot property is a plasma collection facility, one of over 200 collection facilities in 32 states owned by parent company Grifolis. The single-tenant, net-leased property is situated on 3.4 acres. BIOMAT has nine years remaining on the triple-net lease. Michael Bull and Nancy Miller of Atlanta-based Bull Realty represented the buyer, Apple Ridge/Cherry Ridge LLC, which purchased the property as part of a 1031 exchange. Brian Smith of Marcus & Millichap represented the seller, White Owl LLC.

May 16, 2017

Newer Posts

Older Posts