Healthcare

Stonecrest Medical Office Building Lithonia DeKalb

Stage Equity Partners Acquires Medical Office Building in Metro Atlanta for $6M

by John Nelson January 11, 2016

LITHONIA, GA. — Chicago-based Stage Equity Partners LLC has purchased Stonecrest Medical Office Building, a 31,000-square-foot, hospital-sponsored property in Lithonia, a suburb of Atlanta in DeKalb County. Stage Equity purchased the Class A medical office building from a private investment group for $6 million in an off-market transaction. DeKalb Regional Health System anchors the two-story, multi-tenant property. MB Financial Bank provided acquisition financing for the medical office facility, which is located at 8225 Mall Parkway, across the street from The Mall at Stonecrest.

January 11, 2016

Healthcare Illinois Midwest

The Boulder Group Completes $2.3M Sale of Medical Property in Chicago

by Christina Cannon January 8, 2016

CHICAGO — The Boulder Group has completed the sale of a net-leased medical property in Chicago for $2.3 million. Physicians Immediate Care is located at 6140 N. Broadway and has approximately 14 years remaining on its lease. The 3,220-square-foot building was constructed in 2014. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, Crossroads Development. The buyer in the transaction was a high-net-worth individual in a 1031 exchange.

January 8, 2016

Alabama Healthcare Southeast

SK Commercial Brokers Acquisition of Medical Office Building in Birmingham

by John Nelson January 6, 2016

BIRMINGHAM, ALA. — SK Commercial Realty represented Seavest Healthcare Properties in the acquisition of the 208,000-square-foot Grandview Physicians Plaza in Birmingham. The newly constructed, Class A medical office building is located on the Grandview Medical Center campus. The facility features an imaging center, multiple clinical spaces and physician offices covering several medical disciplines. Daniel Corp. sold the property to Seavest for an undisclosed price.

January 6, 2016

Coral-Harbor-Rehabilitation-Neptune-City-NJ

Healthcare Multifamily New Jersey Northeast Seniors Housing

Tryko Partners Acquires Medicenter Rehabilitation & Nursing in New Jersey

by Amy Works January 5, 2016

NEPTUNE CITY, N.J. —Tryko Partners LLC has acquired Medicenter Rehabilitation & Nursing, a skilled nursing facility in Neptune City. Tryko Partners has a $2.5 million upgrade planned for the 110-bed facility, which will be renamed Coral Harbor Rehabilitation and Healthcare Center. The planned improvements include creating a modern, home-like atmosphere for residents and staff and a complete overhaul of all patient rooms, including private showers, updated flooring, wallpaper, artwork and the installation of flat-screen television and free WiFi for residents and staff. Additionally, the owners will construct a new therapy gym with state-of-the-art equipment; renovate the dining hall, common areas and elevators; and improve the grounds with general landscaping upgrades and a resurfaced parking lot. Tryko Partners will also develop and introduce specialty pulmonary and cardiac rehabilitation programs with services seven days per week.

January 5, 2016

Healthcare Midwest Wisconsin

The Boulder Group Brokers $3.6M Sale of Medical Property in Milwaukee

by Christina Cannon January 5, 2016

MILWAUKEE, WIS. — The Boulder Group has brokered the sale of a 16,709-square-foot medical property in Milwaukee for $3.6 million. Aurora Health Care is the sole tenant of the property located at 5818 W. Capitol Drive. The property is positioned as an outparcel to the Midtown Center, which is anchored by Walmart and Pick ‘n Save. The Midtown Center also includes tenants such as Planet Fitness, Firestone, Foot Locker, GNC, Rue 21 and Starbucks. The property was built in 1997, and Aurora Health Care’s lease expires in 2027. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a Midwest-based real estate investment company. The buyer is an East Coast-based real estate investment fund and was self-represented.

January 5, 2016

Healthcare Office Texas

I3 Interests, Atlas Close on Medical Office Portfolio in Houston

by Haisten Willis December 17, 2015

HOUSTON — i3 Interests and Atlas Real Estate Partners have closed a 202,978-square-foot acquisition of a three-building portfolio located on the campus of the Tenet Health Systems-operated Northwest Medical Center in Houston. Scott Carter of Transwestern represented the seller. Texas Capital Bank provided financing. The company plans to update the portfolio’s lobbies, landscaping, corridors, bathrooms, elevators and internal building components that will be followed by a rebranding campaign. Transwestern will provide both leasing and property management services.

December 17, 2015

Healthcare Northeast Pennsylvania

TL Management Acquires Spring Creek Rehabilitation & Health Care Center in Harrisburg

by Amy Works December 11, 2015

HARRISBURG, PA. — New York-based TL Management has acquired Spring Creek Rehabilitation & Health Care Center, located at 1205 S. 28th St. in Harrisburg. The acquisition was funded in part by a $48 million credit facility arranged by First Niagara Bank. Spring Creek is a 404-bed rehabilitation and healthcare center features both short-term rehabilitation and long-term care facilities.

December 11, 2015

Healthcare Midwest Wisconsin

Ryan Cos. Breaks Ground on 40,000 SF Children’s Hospital of Wisconsin

by Christina Cannon December 11, 2015

MEQUON, WIS. — Ryan Cos. has broken ground on a new Children’s Hospital of Wisconsin clinic in Mequon, approximately 20 miles north of Milwaukee. This is the third Children’s Hospital that Ryan Cos. has been hired to build in Southeast Wisconsin in the past two years. The two-story, 40,000-square-foot clinic will be situated on a six-acre site at the corner of Mequon Road and Market Street. The clinic will include Echo and MRI imaging, neurology, orthopedics, occupational therapy, primary care, urgent care and much more. The clinic will also feature an on-site lab and pharmacy services. The facility is slated to open in mid-2016. Ryan Cos. is providing development, design-build construction and real estate management services. ScopeBridge serves as the project architect, and Associated Bank is providing construction financing.

December 11, 2015

Healthcare Illinois Midwest

Morgan/Harbour Breaks Ground on 28,928 SF Medical Facility in Romeoville, Illinois

by Christina Cannon December 9, 2015

ROMEOVILLE, ILL. — Morgan/Harbour Construction has broken ground on a 28,928-square-foot medical office building for Presence Health Group in Romeoville, approximately 30 miles southwest of Chicago. The Presence Senior Healing Arts Pavilion will be located at 500 S. Weber Road. The facility will include a full imaging suite with MRI, CT, X-ray, mammogram, ultrasound and bone density capabilities. The building will also feature 26 exam and procedure rooms, physical therapy training facilities, labs, treatment rooms, private offices and a cafe. Construction is slated for completion in summer 2016. Hammes Co. is the project manager, and Jensen & Halstead Ltd. will provide architectural services.

December 9, 2015

Healthcare Loans Mixed-Use New Jersey Northeast Retail

Procida Funding Closes Three Loans Totaling $6.3M in Central New Jersey

by Amy Works December 7, 2015

RANDOLPH, MIDDLESEX, LONG BEACH, ELIZABETH AND MARLBORO, N.J. — Procida Funding’s 100 Mile Fund, a local real estate investment vehicle, has closed three loans totaling $6.3 million for properties in Central New Jersey. In the first deal, Procida Fund secured a $1.3 million first mortgage for the acquisition and pre-construction work of a development site. The borrower, ER Real Estate Management LLC, plans to build a 12,500-square-foot medical office property on the site in Randolph. In the second transaction, the fund provided a $2.7 million bridge loan to Naval Crest Associates I & II LLC to pay off an existing mortgage loan and modify and amend a mortgage on two properties in Middlesex and Long Beach. In the final deal, Procida provided a $2.3 million bridge loan for the acquisition of three gas stations in Elizabeth and Marlboro. With these three transactions, Procida Funding has closed 19 debt investments totaling more than $100 million year-to-date.

December 7, 2015

Newer Posts

Older Posts