CHARLOTTE, N.C. — Childress Klein-Cambridge Healthcare Solutions LLC has broken ground on the $150 million, 429,000-square-foot Charlotte Veterans Affairs Health Care Center in Charlotte. The six-story outpatient medical campus will be situated on a 35-acre site at the corner of West Tyvola Road and Cascade Point Boulevard. The facility is expected to provide care for approximately 140,000 veterans, and also employ roughly 600 medical professionals. Construction on the project is slated to wrap up in February 2016. The Department of Veterans Affairs held a groundbreaking ceremony recently that featured local Congressmen, business leaders and government officers.
Healthcare
LONE TREE, COLO. — Kaiser Permanente has opened a new multi-specialty center in Lone Tree. The 275,000-square-foot facility is located at 10240 Park Meadows Drive. The 20-acre integrated campussits adjacent to Denver’s commuter rail system off Interstate 25. The center broke ground in 2012 and was developed in phases. It began accepting patients last month. Some of the specialties and services the new facility offers include infusion services, laboratory, oncology, obstetrics, gynecology, ambulatory and general surgery, allergy care, gastroenterology, orthopedics, clinical palliative care, physical/occupational therapy, optometry and hearing services. It also has a café and a pharmacy. The new facility was built by Adolfson & Peterson Construction and designed by Davis Partnership Architects and Bennett Wagner & Grody Architects PC. Healthcare consulting firm Hammes Company also worked on this project. Kaiser maintains additional facilities in Denver and Lafayette.
PASADENA, CALIF. — Pasadena Clinical Physicians Neuroscience Centerhas received a $17.2-million refinance. The 49,652-square-foot medical office building is located at 630 South Raymond Ave. The loan carries a 10-year term and a 30-year amortization schedule. Financing was arranged by Ory Schwartzof NorthMarq Capital’s Los Angeles officethrough the firm’s relationship with an investment management firm.
NEW BRAUNFELS, TEXAS — CBRE has brokered the sale of an 18,855-square-foot healthcare facility in New Braunfels. The property, known as Christus Santa Rosa Physicians’ Ambulatory Surgical Center, is located at 1738 E. Common St., equidistant from Christus Santa Rosa Hospital and the new Resolute Health Hospital, slated to open later this year. A partnership between Christus Santa Rosa and multiple physicians fully occupies the building. Scott Herbold of CBRE represented the unnamed sellers in the transaction. Austin-based Long View Equity Partners purchased the asset.
COON RAPIDS, MINN. — Minneapolis-based NorthMarq Capital has arranged a $5.5 million acquisition loan for Cameron Medical Center in Coon Rapids, which is approximately 15 miles north of Minneapolis. Cameron Medical Center is a 31,843-square-foot medical office building located at 3789 Coon Rapids Blvd. Patrick Minea of NorthMarq arranged the financing for the borrower.
INDIANAPOLIS — HSA PrimeCare has sold the North Meridian Medical Center at 10601 North Meridian Street in Indianapolis. The sales prices was undisclosed. Carmel Medical Office Building, an affiliate of tenant Multi-Specialty Surgery Center, purchased the 23,000-square-foot building. Multi-Specialty Surgery Center is expanding its current practice at the North Meridian Medical Corridor. Built in 1981 and remodeled in 1993, North Meridian Medical Center is a two-story, off-campus medical office building located near the Indianapolis central business district, Indiana University Health North Hospital, St. Vincent’s Heart Center of Indiana and St. Vincent Indianapolis Hospital. HSA PrimeCare represented itself in the transaction.
MOUNTAINSIDE, N.J. — Lee & Associates has arranged the sale of 1450 Route 22 West, a 41,531-square-foot medical office building (MOB) in Mountainside for $8.5 million, or $203 per square foot. Located near Overlook Medical Center, the building is fully leased to The Center for Ambulatory Surgery, L&M Healthcare Communications and Crest Physical Therapy. Michael Staskiewicz of Lee & Associates-New Jersey LLC represented the seller, ASC Mountainside Realty, which is owned by 36 physicians.
AUSTIN, TEXAS — BBL Medical Facilities has completed a 127,000-square-foot medical office building on the Dell Children’s Medical Center of Texas campus in Austin. The four-story structure includes an imaging center and six-operating room ambulatory surgery center on the first floor, as well as an attached 650-space parking garage. The property is anchored on the second and fourth floors by tenant ‘Specially for Children, a 26-physician multi-specialty practice. Developer BBL Medical Facilities finished the project four months ahead of schedule.
EL CENTRO, CALIF. – A 9,591-square-foot Dialysis Center in El Centro has sold to an unnamed buyer for $2.3 million. The center is located at 110 S. 5th Street. It was purchased as a fully leased investment sale. Chris Migliori of DAUM’s Orange County office represented both thebuyer and the unnamed seller in this transaction.
SEATTLE — Kilroy Realty Corporation (KRC) has acquired a 140,605-square-foot life sciences facility in Seattle for $106 million. The four-story facility is located at 401 Terry Ave. North in the city’s South Lake Union neighborhood. It sits adjacent to KRC’s Westlake Terry campus. Notable tenants in the surrounding area include Amazon.com, the Bill and Melinda Gates Foundation and the Fred Hutchinson Cancer Research Center. The LEED-Gold property was developed in 2003. It was one of only five life science facilities developed in the Puget Sound region during the past 10 years. The building is fully leased to Institute for Systems Biology (ISB) through 2021. ISB is a foremost strategy developer for the fields of biology and medicine. KRC was represented by Peter Roth of Allen Matkins law firm. Joseph Delaney and Bryan Helfer of the Foster Pepper law firm represented the seller, Vulcan Realty Corp., in this transaction.