Mediplex Property Group Delivers 20,000 SF Medical Office Building Near Philadelphia

ABINGTON, PA. ­— Mediplex Property Group has delivered a 20,000-square-foot medical office building in Abington, located north of Philadelphia. The two-story building is fully leased to Abington Neurological Associates, LabCorp, Wink Optical & Eyecare and RMA-Jefferson Health. Pennsylvania-based firms Linn Architects and Axis Construction Management served as the architect and construction manager of the project, respectively. Bryn Mawr Trust Corp. provided construction

Colliers Arranges $13.5M Sale of Medical Office Buildings in Syracuse

SYRACUSE, N.Y. — Colliers International has arranged the $13.5 million sale of a 33,836-square-foot medical office building in Syracuse. The property is leased to regional healthcare provider Associated Medical Professionals, which houses its urology and oncology centers in the building. The sale also included a medical office building in Auburn, New York, that is also occupied by Associated Medical Professionals. Eric Grad of Colliers brokered the deal in conjunction with Britt Raymond and …

Cano Health Signs 14,938 SF Medical Office Lease in San Antonio

SAN ANTONIO — Cano Health, a provider of healthcare services for seniors that is owned by Humana, has signed a 14,938-square-foot medical office lease at Buena Vista Plaza in San Antonio. The property is located at 100 S. Zarzamora St., just west of downtown. Shawn Ackerman of Henry S. Miller Brokerage represented the landlord, Fallas Borrower IV LLC, in the lease negotiations. Aamil Safani of Cushman & Wakefield represented the

Ridgeline, Harrison Street Acquire 70,000 SF Medical Office Building in Irving

IRVING, TEXAS — A joint venture between Ridgeline Capital Partners and Harrison Street has acquired a 70,000-square-foot medical office building located at 6121 N. State Highway 161 in Irving. The property was built on 4.1 acres in 2019 and was 82 percent leased to five tenants at the time of sale. The undisclosed seller represented itself in the

NAI Robert Lynn Acquires 23,346 SF Dialysis Center in Munster, Indiana

MUNSTER, IND. — Robert Lynn Investments, a division of commercial real estate services firm NAI Robert Lynn, has acquired a 23,346-square-foot dialysis center located at 10120 Calumet Ave. in Munster, about 30 miles south of Chicago. The purchase price was undisclosed. This is the first acquisition for Robert Lynn's Med Strategy Fund I, a $30 million equity fund dedicated to the aggregation of medical properties. American Renal Associates is the primary tenant within the building. Frank Roti …

Welltower Sells $1.3B of Seniors Housing and Outpatient Medical Facilities; CEO Steps Down

TOLEDO, OHIO — Welltower Inc. (NYSE: WELL) has sold three separate portfolios totaling $1.3 billion in value. The portfolios comprise 11 seniors housing facilities in the Western United States, six seniors housing communities in Massachusetts and 20 outpatient medical facilities across five states.Separately, Welltower also announced on Monday a strategic personnel change in the C-suite as the Toledo-based REIT promoted Shankh Mitra from chief operating officer to CEO effective …

Azzur Group Signs 50,300 SF Life Sciences Lease in Metro Boston

BURLINGTON, MASS. — Azzur Group, a firm that helps life sciences companies start and scale, has signed a 50,300-square-foot office lease in Burlington, located north of Boston. Azzur Group plans to take occupancy of its space at 60 Blanchard Road by summer 2021. Newmark Knight Frank represented the building owner, a partnership between locally based development and investment firm Nordblom Co. and Alcion Ventures, in the lease negotiations. The Stevens Group represented the

Lee & Associates: Healthcare is a Slow but Steady Sector

Healthcare has very different drivers when it comes to growth and demand. While highs and lows in the economy influence healthcare in many of the same ways other industries experience, it’s also governed by trends that are unique to how people seek — and pay for — their medical treatments. Chris Jacobson and Susan Wilson, both vice presidents and healthcare advisors for Lee & Associates Commercial Real Estate Services, took some time recently to talk to REBusinessOnline about …

Montecito Medical Purchases Four-Building Healthcare Portfolio in West Little Rock

LITTLE ROCK, ARK. — Montecito Medical Real Estate has acquired a four-building healthcare property portfolio in Little Rock’s west side. The buildings comprise 72,566 square feet and were fully leased to Arkansas Urology at the time of sale. The portfolio includes three medical office buildings and an ambulatory surgery center. The medical office buildings are situated adjacently to each other at 1300 Centerview Drive, seven miles west of downtown Little Rock. The buildings include a …

McCord Development Opens Boston Office, Acquires 64,736 SF Life Sciences Building

BOSTON — McCord Development, the firm behind the 4,200-acre Generation Park master-planned community in Houston, has opened a Boston office and acquired a 64,736-square-foot life sciences building. The property is located west of the city at 30 Bearfoot Road in Northborough and was formerly occupied by British pharmaceutical giant GlaxoSmithKline. The seller was Alexandria Real Estate

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