STEPHENVILLE, TEXAS — Silver Oak Commercial Realty has arranged the sale of a 6,898-square-foot medical office building in Stephenville, about 75 miles southwest of Fort Worth. Liberty Dialysis anchors the building at 946 Bluebonnet St., which was fully leased at the time of sale. An entity doing business as Midlothian 67 Partners LLC sold the building to Namy Properties LLC for an undisclosed price. Russ Webb and LeAnn Brown of Silver Oak, along with Jim Turano of Henry S. Miller, brokered the deal.
Healthcare
ROLLA, MO. — Phelps Health has opened its new Emergency Medical Services (EMS) base in Rolla, a city in central Missouri in the heart of the Ozarks. McCarthy Building Cos. Inc. constructed the 17,500-square-foot building, which replaces an aging EMS station. Located on the main Phelps Health campus, the new base was partially funded by a $4 million American Rescue Plan Act grant from the State of Missouri. The site brings EMS teams closer to the emergency department while maintaining easy access to I-44. The building includes eight ambulance bays, a second helicopter landing pad, 16 bunk rooms for staff and crew, dedicated training rooms, amenities to support continuing education and extended shifts, and a tornado storm shelter.
WINDOM, MINN. — Kraus-Anderson has completed a $24 million medical office building for Windom Area Health (WAH) in Windom within southern Minnesota. WAH partnered with Sanford Health to develop a 52,000-square-foot clinic expansion owned by the City of Windom and funded by WAH. Sanford occupies the first floor, leasing the space from WAH. Designed by Pope Architects, the building at 2150 Hospital Drive houses Sanford Health Clinic, Windom Specialty Clinics and a third-floor shell space to accommodate future growth. Specialty clinics include OB/GYN, orthopedics, general surgery, pain management, mental health, integrative health and foot care. The building also includes a wellness center, gym and kitchenette that is available to the community. Construction began in October 2023.
MARBLE FALLS, TEXAS — Adolfson & Peterson Construction is underway on a 10,500-square-foot healthcare project in the downtown area of Marble Falls, about 50 miles northwest of Austin. Designed by Seaux-Pierce Architecture, the two-building project is a build-to-suit for Heritage Oaks Dental Office and will include a 1,300-square-foot of oral surgery space. Completion is slated for the fall.
MIG Real Estate Sells 163,311 SF Scottsdale Centre Medical Outpatient Building in Arizona
by Amy Works
SCOTTSDALE, ARIZ. — MIG Real Estate has sold Scottsdale Centre, a medical outpatient building in Scottsdale, to an Arizona-based commercial real estate investment company for $44.6 million. Located at 7373 N. Scottsdale Blvd., the 163,311-square-foot Scottsdale Centre is 78 percent leased, of which 66 percent was medical and 34 percent was office tenancy. Current tenants include Palo Verde Cancer Specialists, Prosano Health and various other healthcare providers. Originally constructed in 1984 and upgraded and converted from office to primary medical space post-pandemic, Scottsdale Centre is a two-story building situated on 8.7 acres. The property features 254 surface parking spaces and 466 subterranean parking spaces. Travis Ives, Gino Lollio and Tyler Moses of Cushman & Wakefield’s U.S. Healthcare Capital Markets represented the Newport Beach, Calif.-based seller in the deal. Sheila Bale, Erika Eckblad, Tom Weinhold, Tim Whittemore and Patrick Schrimsher of Cushman & Wakefield provided local market leasing advisory on the sale and have been retained by the buyer to continue handling leasing for the property.
ST. LOUIS — Northmarq has arranged the sale and financing of the ChenMed primary care medical office building in St. Louis. Northmarq’s Isaiah Harf and David Annett represented both the seller, Atwater Group, and the buyer, Maple Street Management, in the $4.4 million deal. Jada Purchase of Northmarq arranged $2.8 million in permanent fixed-rate financing on behalf of the buyer through a credit union. The 10-year loan features a 30-year amortization schedule. The ChenMed facility was built in 1992 and features a 15,735-square-foot, single-tenant building on 1.3 acres. ChenMed is a primary care medical provider for seniors.
ADDISON, TEXAS — Locally based investment firm Encore Enterprises has purchased a 61,356-square-foot medical office building located in the northern Dallas metro of Addison. The sales price was $7 million. The two-story building at 16980 N. Dallas Parkway was constructed on 3.1 acres in 1985 and was 58 percent leased at the time of sale to five tenants. Cadence Bank financed the acquisition of the property. The seller was not disclosed.
Cushman & Wakefield | PICOR Brokers $3.1M Sale of Medical Office Building in Tucson, Arizona
by Amy Works
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 10,405-square-foot medical office building located at 2155 W. Orange Grove Road in Tucson. OGFP Building LLC sold the asset to The Kenneth M. Phrang & Cynthia L. Phrang Trust for $3.1 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Ryan Gonzales of Marcus & Millichap represented the buyer in the deal.
NORTH CHARLESTON, S.C. — Roper St. Francis Healthcare has broken ground on a $1.2 billion hospital campus in North Charleston, roughly 10 miles outside of downtown Charleston. Completion is scheduled for 2029. Upon completion, the complex will total 805,000 square feet and feature inpatient beds, an emergency department, critical care beds, operating rooms, a comprehensive imaging department and a hemodialysis unit. The project team includes E4H Environments for Health Architecture; architecture, design, engineering and planning firm Skidmore, Owings & Merrill (SOM); and general contractor Barton Malow | Edifice. “Connectivity and resilience are central to the vision for Roper Hospital’s future campus,” says Anthony Treu, healthcare practice leader at SOM. “As the design architects, we’re transforming a constrained suburban site into a cohesive healthcare destination inspired by the landscapes of the Lowcountry. The result is a future-ready, resilient campus that enhances access and fosters a supportive, patient-focused environment — setting a new standard for the next century of care.” This marks the fourth Roper Hospital location in Charleston since the first facility opened in 1856. Roper St. Francis Healthcare is the Lowcountry region’s largest private employer, with roughly 7,000 staff members. St. Francis currently operates more than 120 facilities across four …
EATONTOWN, N.J. — Marcus & Millichap has brokered the $8 million sale of Aspen Court, a 27,965-square-foot medical office building in the coastal New Jersey community of Eatontown. Anchored by Advanced Endoscopy & Surgical Center, which recently signed a 10-year lease extension, the building was fully leased at the time of sale. Other tenants include Carbon Health Urgent Care, Atlantic Medical Imaging and Eatontown Dental. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller, PB7 Associates, in the transaction and procured the buyer, an entity doing business as Aspen Court Partners LLC.