Healthcare

GHP Office Realty Completes 15,000 SF of Medical Leases in White Plains

by Amy Works October 20, 2014

WHITE PLAINS, N.Y. — GHP Office Realty has leased the entire 15,000-square-foot, street-level of 7-11 South Broadway in White Plains. Located in the central business district, the four-story, 70,000-square-foot building has been repositioned to medical use and is now 100 percent leased to medical tenants. Formé Rehabilitation Inc. has signed a long-term lease for 11,500 square feet of space at the building. Gina Cappelli and Bruce Berg of Cappelli Enterprises represented Formé Rehabilitation Inc. Additionally, Broadway Dental Associates inked a long-term lease for the remainder of the floor, approximately 3,500 square feet, for a state-of-the-art dental infrastructure facility. Jamie Schwartz provided in-house representation for the owner, GHP Office Realty, in the deals.

October 20, 2014

Healthcare Loans New York Northeast

KeyBank Closes $80.5M Loan for New York Medical Office Building

by Amy Works October 16, 2014

NEW YORK CITY — KeyBank Real Estate Capital has closed an $80.5 million loan for Hutch Tower II in the Bronx. Constructed in 2014, the 278,133-square-foot medical office building was built for Montefiore Medical Center. Peter Rand and Robert Williams of KeyBank secured the non-recourse, fixed-rate CMBS loan, which will be used to retire a construction loan with M&T.

October 16, 2014

Healthcare New Jersey Northeast

Rendina Acquires New Jersey Medical Office Portfolio for $14.75M

by Amy Works October 10, 2014

BELLEVILLE, N.J. — Rendina has acquired a three-building medical office portfolio, located in Belleville, for $14.75 million. The 128,006-square-foot portfolio is situated on the campus of Clara Maass Medical Center (CMMC), a Barnabas Health facility. The purchase allows Rendina to bring management and leasing expertise to the properties, and also provides Barnadas Health an additional source of capital for the development of an 87,000-square-foot expansion at CMMC. Rendina will serve as the developer for the project, which includes a state-of-the-art intensive care unit, new hospital lobby and custom-designed physician office space. Site work, including a parking garage expansion, began in late September. In addition to handling management and leasing responsibilities, Rendina will invest more than $2 million in capital improvements and upgrades for the newly acquired properties.

October 10, 2014

California Healthcare Western

CNL Buys Lee Hughes Medical Building in Glendale for $30M

by Nellie Day October 8, 2014

GLENDALE, CALIF. – CNL Healthcare Properties has acquired the Lee Hughes Medical Building, a 76,758-square-foot medical office building in Glendale, for $29.9 million. The Class A building is located on the campus of the 500-bed Glendale Adventist Medical Center. Lee Hughes is connected to the main hospital through a sky bridge. The building is currently 97 percent occupied by a range of tenants, including an ambulatory surgery center leased by Adventist Health. Lee Hughes Medical Building is the only on-campus medical office building not owned by the hospital. Cypress West Realty Management Inc. will provide on-site leasing and asset management services.

October 8, 2014

Healthcare Midwest Wisconsin

Capital Square Realty Advisors Acquires Healthcare Buildings in Wisconsin, Virginia

by John Nelson October 3, 2014

HARTFORD, WIS. AND MECHANICSVILLE, VA. — Capital Square Realty Advisors has acquired two healthcare buildings for an undisclosed price in the Richmond suburb of Mechanicsville and the Milwaukee suburb of Hartford. The portfolio includes a 73,756-square-foot, two-story building located at 1550 Innovation Way in Hartford and a build-to-suit 20,066-square-foot, single-story medical office building located at 7515 Right Flank Road in Mechanicsville. Each of the healthcare properties are on long-term leases to tenants.

October 3, 2014

Healthcare Midwest Ohio Seniors Housing

NexCore Breaks Ground on 130,000 SF Fitness/Health Facility in Ohio

by Danielle Everson October 2, 2014

ORANGE TOWNSHIP, OHIO — NexCore Group LLC has broken ground on a 130,000-square-foot, integrated ambulatory care center for Mount Carmel Health System in Lewis Center, an unincorporated community of northwestern Orange Township. The site for MC Fitness & Health is located at 7100 Graphics Way. The three-level center will provide outpatient care, fitness, wellness education and rehabilitation facilities. In addition to housing primary care and specialty physicians with the Mount Carmel Medical Group, the facility will also provide approximately 20,000 rentable square feet of medical office space for independent physicians. Construction on the project is set for completion in October 2015. Denver, Colo.-based NexCore Group is the developer and is the owner of the project. OLC Architecture is providing architectural services. Elford Inc. is the construction manager and NexCore Properties LLC will manage the property.

October 2, 2014

Florida Healthcare Southeast

Five Duke Realty MOBs in Central Florida Earn BOMA Awards

by John Nelson October 2, 2014

INDIANAPOLIS — The Building Owners and Managers Association (BOMA) has recently designated five Duke Realty-owned and managed medical office buildings in Florida as BOMA 360 Performance Buildings. The five facilities, which are located on hospital campuses in Central Florida, include: Celebration Medical Plaza, Kissimmee Medical Plaza, East Orlando Medical Surgical Plaza, Sebring Medical Pavilion and the Wesley Chapel Wellness Center. The BOMA 360 Performance Program recognizes commercial properties that demonstrate best practices in building operations and management, according to BOMA.

October 2, 2014

Healthcare Southeast

HAMMES CO. DEVELOPS NEXT PHASE OF HOSPITAL CAMPUS IN GREENSBORO

by admin September 25, 2014

GREENSBORO, N.C. — Hammes Co. has delivered the latest phase of the Moses H. Cone Memorial Hospital campus in Greensboro. The 230,000-square-foot expansion is comprised of a surgical suite, 16 operating rooms, a loading dock and a six-story patient tower with 96 private beds. The emergency department capacity was also extended to 79 treatment stations, including 17 designated for pediatric emergency care. The next phase for Cone Health’s campus is the opening of an expanded central energy plant. In addition to Hammes Co., the development team includes architect Perkins + Will, engineer Affiliated Engineers Inc., general contractor Brasfield & Gorrie and civil engineer/landscape architect Stimmel Associates PA.

September 25, 2014

Healthcare Western

SHARP REHAB CENTER IN SAN DIEGO RECEIVES $6.4M RENOVATION

by admin September 19, 2014

SAN DIEGO — Sharp Memorial Hospital Rehabilitation Center, a 14,172-square-foot rehab facility in the San Diego submarket of Kearny Mesa, has completed a $6.4-million renovation. The facility is located at 2999 Health Center Drive. The renovation transformed the inpatient wing into a modern healing environment, with more private rooms that contain in-suite bathrooms and showers, updated administrative areas and hallways and an expanded outdoor therapy gardens. The center provides rehabilitation services for patients who have suffered catastrophic strokes, brain and spinal cord injuries, neurological issues, sprains, strains and other injuries, and problems related to balance, speech, lymph edema and chronic pain. The design-build renovation was carried out by McCarthy Building Companies and designed by Cuningham Group Architecture. The companies worked in collaboration with Sharp Healthcare.

September 19, 2014

Healthcare Southeast

CADDIS PARTNERS ACQUIRES MEDICAL OFFICE BUILDING IN METRO ATLANTA

by admin September 11, 2014

LAWRENCEVILLE, GA. — Caddis Partners LLC has acquired Gwinnett Medical Building, an 81,627-square-foot medical office building located at 575 Professional Drive in Lawrenceville, a northeast suburb of Atlanta. The five-story property is adjacent to Gwinnett Medical Center-Lawrenceville, Gwinnett Health System’s flagship hospital campus. The medical office building houses primary care, ophthalmology, neurology, nephrology, pediatric orthopedics, rehabilitation, laboratories and a pharmacy. Gwinnett Health System comprises a significant portion of the in-place tenancy. The transaction was financed with equity funded internally by Caddis and debt provided by GE Capital, Healthcare Financial Services. Erik Tellefson and Dan Eppley of GE Capital originated the loan. Caddis has tapped Atlanta-based PMRG to handle leasing services for medical office facility.

September 11, 2014

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