MURRELLS INLET, S.C. — Rendina Healthcare Real Estate has commenced construction on a 23,000-square-foot medical office building in Murrells Inlet. Slated to open in March 2015, the facility will house Coastal Surgery Center on the ground floor and Carolina Orthopaedic Specialists and Proaxis Physical Therapy on the second floor. Greenville, S.C.-based Surgery & Recovery Partners LLC will manage the surgery center.
Healthcare
BUFFALO, N.Y. — Williamsville, N.Y.-based Ciminelli Real Estate Corp. has topped off Conventus, a seven-story medical office building located at 1001 Main St. in Buffalo. Situated on the Buffalo Niagara Medical Campus, the 350,000-square-foot building is scheduled for completion in spring 2015. Located at the Northern Gateway to the medical campus, the building will be physically connected via enclosed walkways to the new John R. Oishei Children’s Hospital, the new University at Buffalo School of Medicine and Bioinformatics, and the University at Buffalo Research Institute on Addictions. Tenants will include Kaleida Health, UBMD, AMRI and First Niagara Bank.
LAKE OSWEGO, ORE. – Lake Oswego Crossing, a 10,782-square-foot medical office building, has sold to Dr. Mo Saleh for $2.3 million. The building is located at 17437 SW Boones Ferry Road in Lake Oswego. It will be converted into a dental clinic. The sellers, Kalberer Company and Kalberer Properties, were represented by Jennifer Medak, John Medak and Alexandra Ionescu of NAI Norris, Beggs & Simpson.
DALLAS — Frazier Revitalization Inc., Parkland Health & Hospital System and BOKA Powell have broken ground on a new $19.8 million, 44,300-square-foot outpatient clinic in the Fair Park area of Dallas. The facility, to be located on a seven-acre site on the corner of Scyene Road and Hatcher Street, will serve geriatric and behavioral health patients in addition to providing on-site diagnostic imaging and lab services. The property, which will meet the city’s Green Building guidelines, will be situated adjacent to the Hatcher Station of the Dallas Area Rapid Transit (DART) system. Construction is slated for completion in the first quarter of 2015.
SAN ANTONIO — Transwestern has brokered the sale of Texas Center for Athletes, a 128,347-square-foot medical office building in San Antonio. Located at 21 Spurs Lane within the South Texas Medical Center, the four-story, Class A property was 98 percent leased at the time of the sale. Built in 2006, the facility includes a surgery center, pharmacy, therapeutic spa and on-site deli. Alan Grilliette and Russell Noll of Transwestern represented the seller, Sports SA Holdings LP, in the transaction. A subsidiary of Senior Housing Property Trust acquired the asset and retained Transwestern to lease the building.
CINCINNATI — Hybrid Capital, a New York-based full service commercial mortgage brokerage and advisory firm, has arranged $4.6 million in financing for the acquisition of three medical office properties in greater Cincinnati. The 30,000-square-foot Mercy Health Systems portfolio consists of three buildings, located at 10663 Montgomery Road and 12115 Sheraton Lane in Cincinnati and 328 Thomas More Parkway in Crestview Hills, Ky. The portfolio is 100 percent occupied by Mercy Health’s Cincinnati Sports Medicine and Orthopedic Center. The 10-year, fixed-rate loan was arranged through StanCorp Mortgage Investors on behalf of Med Cincinnati 3 LLC. Mercy Health Systems is a subsidiary of Ohio-based Catholic Health Partners.
BELLEVILLE, ILL. — Marcus & Millichap has brokered the sale of DaVita Metro East Dialysis, a 13,445-square-foot net-leased property in Belleville. The property, located at 5105 W. Main St., sold for approximately $3.9 million. Valerie Cook, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private investor. Cook, Weisenbeck and Sharko also represented the buyer, Art Belleville.
ATLANTA — McCarthy Building Cos has broken ground on Grady Health System’s new 90,224-square-foot, five-story emergency tower located north of the Grady Hospital’s main campus. The project, estimated to cost $52.7 million, will also include the renovation of 77,599 square feet of existing space. The tower will include an intake area, public entrance, waiting area, 35 exam rooms, two resuscitation rooms and a staff support area. McCarthy expects to finish construction in 2016. Charlotte-based Freeman White Inc. is the project architect.
DELAFIELD, WIS. — The Ryan Companies U.S. Inc. will develop a new, 30,000-square-foot clinic for the Children’s Hospital of Wisconsin. The new facility will be built in Delafield approximately 26 miles west of Milwaukee. Initial improvements to the 5.1-acre site located at 3195 Hillside Drive began in early April. Construction on the two-story building will occur during the summer with a projected opening in late 2014. The new clinic will provide services for asthma/allergy; cardiology; dermatology; ear, nose and throat; gastroenterology; orthopedics and urology specialty care; primary care; imaging, and physical and occupational therapy for children and adolescents. There will also be a lab and pharmacy. Ryan is providing development, design-build construction and real estate management services for the project. Zimmerman Architectural Studios Inc. will serve as the project’s architect. Associated Bank has provided construction financing for the project.
WEST BLOOMFIELD AND TROY, MICH. — L. Mason Capitani CORFAC International has been appointed as the exclusive leasing representative for two Class A medical facilities in Michigan. The properties include the West Bloomfield Beaumont Medical Center, located at 6900 Orchard Lake Road in West Bloomfield; and the Kirkwood Professional Plaza, located at 5500 Auto Club Drive in Dearborn. Kirco Management Services LLC operates both properties. Mason Capitani and Gary Grochowski of CORFAC will direct all leasing efforts at the two properties.