HARLINGEN, TEXAS — Strategic Behavioral Health will begin construction on Palms Behavioral Health, a 72-bed acute behavioral health hospital, on Aug. 28 in Harlingen. The company already operates a behavioral health hospital in College Station and in other locations around the country. The hospital is expected to bring about 200 new jobs to the area, part of metro Brownsville in far south Texas. The hospital will employ psychiatrists, psychologists, therapists and nurses treating patients with depression, anxiety, grief and personal crisis situations. The 52,000-square-foot hospital will serve all ages. It is expected to open in late 2015 at a cost of $12 million.
Healthcare
EAST BRUNSWICK, N.J. — HFF has arranged the $6.5 million sale of Cranbury Corporate Center, a medical office facility located at 620 Cranbury Road in East Brunswick. Completed in 2005, the two-story, 63,855-square-foot building is 80 percent leased to a variety of medical specialty groups such as MRI, surgical centers, OBGYN, eye care, rehabilitation, podiatry and general patient care. LabCorp and Life Alert are both tenants in the building. Kevin O’Hearn and Steve Simonelli of HFF represented the seller in the transaction.
JOLIET, ILL. —Marcus & Millichap has brokered the $753,500 sale of an 18,435 square-foot medical office property in Joliet. The multi-tenant building is located at 310 N. Hammes Ave. The property is a few blocks east of Presence Saint Joseph Medical Center.Jonathan Hegwood and John Abuja of Marcus & Millichap’s Chicago downtown office represented the seller, a limited liability company. An undisclosed buyer purchased the property.
NEWNAN, GA. — Batson-Cook Development Co. (BCDC) has partnered with Ackerman Medical to develop Newnan Centre for Health, a 25-acre, 250,000-square-foot medical office outpatient campus in Newnan. Located on Lower Fayetteville Road, the building will bring state-of-the-art Class A office space to the area for physician groups and healthcare providers. Newnan Centre for Health is situated between Cancer Treatment Centers of America, which is undergoing a $48 million expansion, and the 362,000-square-foot, 136-bed Piedmont Newnan Hospital.
DYER, IND. — Construction has begun on the Claremont of Dyer, a medical resort development in northwest Indiana. The 82,108-square-foot property, located at 1532 Calumet Ave. in Dyer, will include 130-units. The facility will provide short-term rehabilitation and therapy in a hotel-like setting. Carmel, Ind.-based Mainstreet is developing the project and Illinois-based Symphony Post Acute Network will operate the facility. The project is expected to create approximately 300 construction jobs and up to 115 part-time and full-time facility jobs. Construction is scheduled for completion in the summer of 2015.
MINNEAPOLIS — Marcus & Millichap has brokered the $1.4 million sale of Fresenius Medical Care Dialysis Clinic, a 7,990-square-foot, net-leased property in Minneapolis. The facility, located at 4310 Nicollet Ave., is situated on nearly a half acre. Gino Lollio and Scott Niedergang of Marcus & Millichap’s Chicago downtown office represented the seller, an individual/personal trust. Brian Munn and James Rea of Marcus & Millichap’s Atlanta office represented the buyer, a private investor. Dan Linnell of Marcus & Millichap’s Minneapolis office assisted in closing the transaction.
DAYTON, OHIO — Marcus & Millichap has arranged the $4.1 million sale of three dialysis centers totaling 35,670 square feet. Dialysis Centers of Dayton occupies two of the three buildings; one as the sole tenant and the other as co-tenant along with Renal Physicians Inc. DaVita Dialysis anchors the third facility with Renal Physicians Inc. occupying the remaining space. The anchor tenants, DaVita Dialysis and Dialysis Centers of Dayton (Miami Valley Hospital), each have more than nine years remaining on their leases along with two, five-year renewal options. Gino Lollio, Christopher Mitchel and Scott Niedergang of Marcus & Millichap’s national healthcare real estate group represented the seller, Premier Health Partners, a medical network of five hospitals and two major health centers in the Dayton region, including Miami Valley Hospital. The Marcus & Millichap team also represented the buyer, a private healthcare-focused real estate fund. Michael Glass of Marcus & Millichap’s Ohio office also assisted in the transaction.
DUNN, N.C. — Flagship Healthcare Real Estate Fund has acquired Harnett Health Medical Park, an 18,623-square-foot medical office building in Dunn, about 40 miles south of Raleigh. The property is located at 803 Tilghman Drive and is adjacent to Harnett Health’s 101-bed Betsy Johnson Hospital. Built in 2012, the medical office building is fully leased to Harnett Health with tenants including Dunn Medical Services, WakeMed Cardiology and Harnett Health’s Wound Center.
CHICAGO — Reed Construction will complete the renovation of a new simulation lab for Rush University Medical Center in Chicago this August. The property is located at 1717 W. Congress Parkway. The project for Rush University Medical Center will feature the renovation of the existing space to create a new, cutting-edge simulation lab. Simulation labs are learning environments designed to bridge theory and practice in a safe, interactive educational setting. The 8,200 square foot build-out will include the addition of multiple labs, control rooms, debriefing rooms and the associated infrastructure. Scott Pickands, Reed Construction’s executive vice president and project executive, will lead the construction team. Proteus Group is providing architectural services for the project. Rush is a nonprofit healthcare, education and research enterprise comprised of Rush University Medical Center, Rush University, Rush Oak Park Hospital and Rush Health. Rush University Medical Center encompasses a 664-bed hospital serving adults and children.
BURLINGTON, MASS. — Suffolk Construction has been selected to perform preconstruction and construction management service for the first phase of the Stilts Infill Master Plan for Lahey Hospital & Medical Center in Burlington. Situated on the academic medical center’s campus, the $60 million project will consist of a 190,000-square-foot addition featuring a new emergency department, shell space and mechanical areas to infill the existing Stilts structure and tie together Lahey’s clinical facility. Construction is slated to begin this fall with completion slated for 2017. Suffolk has partnered with architect firm Freeman White on the project, which has been designed to achieve LEED Silver certification.