Healthcare

MEDICAL CENTER RENEWS FIVE-YEAR LEASE IN FRANKLIN LAKES

by admin September 19, 2013

FRANKLIN LAKES, N.J. — NAI James E. Hanson has completed a five-year lease renewal at 795 Franklin Ave. in Franklin Lakes, located about 25 miles north of Newark. Hackensack University Medical Center will occupy 3,425 square feet at the Class B office building. Michael Walters, executive managing director, and Steven Leitner, vice president at NAI Hanson, arranged the transaction. Sabra Realty owns the property. Also known as Campgaw Plaza, the two-story, 14,500-square-foot building was constructed in 1984 and includes 50 parking spaces.

September 19, 2013

STEVENS CONSTRUCTION TO MANAGE HOSPITAL CONSTRUCTION IN NAPLES

by admin September 17, 2013

NAPLES, FLA. — Stevens Construction has been selected as the construction manager for Landmark Hospital of Southwest Florida, a 50-bed, acute-care facility located on Goodlette-Frank Road in Naples. The three-story, 86,676-square-foot hospital will specialize in wound care, low-tolerance rehabilitation, mechanical ventilation and treatments. The first floor of the hospital will be shell space available for lease; the second floor will accommodate operating rooms, conference rooms, CT scans and administrative offices; and the third floor will feature a 10-bed ICU, 10-bed progressive care unit and 30 medical and surgical beds. Construction is slated to begin in early 2014. HuntonBrady Architects designed the new hospital.

September 17, 2013

Healthcare Texas

BAYLOR, EMERUS BREAK GROUND ON FIRST HOSPITAL IN COLLEYVILLE

by admin September 16, 2013

COLLEYVILLE, TEXAS — Baylor Healthcare and Emerus, an emergency facility operator based in The Woodlands, have partnered to bring the first hospital to the city of Colleyville, approximately 18 miles northeast of Fort Worth. Construction has begun on the Baylor-Emerus Emergency Medical Center, which will total 16,719 square feet and includes seven exam room beds and eight inpatient beds. The new hospital, scheduled to open in August 2014, will also provide X-ray, CT scan and ultrasound services.

September 16, 2013

Healthcare Western

EATING RECOVERY CENTER LEASES SPACE AT OVERLAKE MEDICAL PAVILION

by admin September 5, 2013

BELLEVUE, WASH. – The Eating Recovery Centerhas leased 25,179 square feet at Overlake Medical Pavilionin Bellevue. The specialty medical office building is located at 116th Street N.E. on the Overlake Hospital Medical Center campus. The pavilion will house the recovery center’s newest residential program, which provides constant observation and support, medical and psychiatric care and daily therapeutic programming to patients. Other tenants at the pavilion include Proliance Orthopedics & Sports Medicine, Center for Prosthetics Orthotics and Overlake Hospital Medical Center staff. It is currently 45 percent leased. The Class A building is owned by Healthcare Realty. Leasing efforts are handled by CBRE’s Paul Carr, Steve Perovich, Tim Owens or Marcus Yamamoto.

September 5, 2013

Healthcare Western

EATING RECOVERY CENTER LEASES SPACE AT OVERLAKE MEDICAL PAVILION

by admin September 5, 2013

BELLEVUE, WASH. – The Eating Recovery Centerhas leased 25,179 square feet at Overlake Medical Pavilion in Bellevue. The specialty medical office building is located at 116th Street N.E. on the Overlake Hospital Medical Center campus. The pavilion will house the recovery center’s newest residential program, which provides constant observation and support, medical and psychiatric care and daily therapeutic programming to patients. Other tenants at the pavilion include Proliance Orthopedics & Sports Medicine, Center for Prosthetics Orthotics and Overlake Hospital Medical Center staff. It is currently 45 percent leased. The Class A building is owned by Healthcare Realty. Leasing efforts are handled by CBRE’s Paul Carr, Steve Perovich, Tim Owens or Marcus Yamamoto.

September 5, 2013

Healthcare Midwest

M&M ARRANGES SALE OF OFFICE BUILDING FOR $2.8M

by admin September 4, 2013

PLAINFIELD, ILL. — Marcus & Millichap has arranged the $2.8 million sale of Plainfield Medical, a 19,232-square-foot, multi-tenant medical office property in Plainfield. James Clough, John Abuja and Joseph Smazal, investment specialists in Marcus & Millichap’s Chicago downtown office, marketed the property on behalf of the seller, a family estate. Howard Wiese, an investment specialist in Marcus & Millichap’s Chicago O'Hare office, represented the buyer, a private investor in a 1031 tax-deferred exchange. Plainfield Medical is located at 23909 W. Renwick Road. The property was at 86 percent occupancy with six tenants under lease at the time of sale.

September 4, 2013

Healthcare Texas

PHYSICIANS REALTY TRUST MAKES $40M SALE-LEASEBACK PLAY IN EL PASO

by admin September 4, 2013

EL PASO, TEXAS — In a $40 million sale-leaseback transaction, REIT Physicians Realty Trust (NYSE: DOC) has acquired a 77,000-square-foot hospital and 40,000-square-foot medical office building in El Paso. The facilities are occupied by Foundation Surgical Hospital, which as part of the deal signed a new 15-year, absolute net lease for the hospital and a new five-year, triple net lease for the office building. Foundation Surgical Hospital is a joint venture owned by more than 60 physicians and Foundation Surgical Hospital Affiliates LLC, which is a wholly owned subsidiary of Graymark Healthcare Inc.

September 4, 2013

Healthcare Midwest

HEALTH SYSTEM EXPANDS, SIGNS 54,000 SF LEASE IN METRO CHICAGO

by admin September 3, 2013

OAK BROOK TERRACE, ILL. — Loyola University Medical Center has signed a new 54,000-square-foot lease at Oak Brook Terrace Medical Center in metro Chicago. The health system will expand its presence at the medical office building by adding a 10,700-square-foot primary care clinic. Construction of the project is slated for completion by November. Oak Brook Terrace Medical Center is located at 1S224 Summit Ave. in Oak Brook Terrace, about 20 miles west of downtown Chicago. Holladay Properties provides leasing and property management services for the 92,000-square-foot, two-building medical campus owned by Nashville-based HCP Inc. Jeffrey Fischer of NAI Hiffman represented Loyola in the transaction, and Brian Dolehide of Holladay Properties represented HCP. Holladay Properties is also providing construction management services for the project.

September 3, 2013

Healthcare Western

CNL BUYS SIX MEDICAL FACILITIES FOR $59.5M

by admin August 30, 2013

PHOENIX — CNL Healthcare Properties has purchased six medical facilities throughout the U.S. for $59.5 million. Four of these facilities are located out West. They include the John C. Lincoln Medical Plaza I and II and North Mountain Medical Plaza in Phoenix, as well as Escondido Medical Arts Center in the San Diego submarket of Escondido. The Phoenix properties contain a total of 73,666 square feet. They are leased to multiple tenants, including John C. Lincoln/Scottsdale Health, which occupies about 45 percent of the buildings. The 49,302-square-foot Escondido Medical Arts Center in Escondido is an outpatient medical office building that is leased to tenants like Graybill Medical Group.The Phoenix properties will be managed and leased by Holladay Properties’ healthcare division. The San Diego facility will be managed by Lincoln Harris CSG, an affiliate of Lincoln Property Company.The remaining properties are located in Ohio and Kansas. The portfolio contains a total of 181,890 square feet throughout a mix of single- and multi-tenant buildings.

August 30, 2013

Healthcare Midwest

CNL HEALTHCARE BUYS SIX MEDICAL FACILITIES FOR $59.5M

by admin August 30, 2013

CLEVELAND AND KANSAS CITY, KAN. — CNL Healthcare Properties has acquired five medical office buildings and one specialty hospital for $59.5 million. The properties are located in the Cleveland; Kansas City, Kan.; San Diego, Calif.; and Phoenix metropolitan areas. The 181,890-square-foot portfolio includes Cleveland Clinic Chestnut Commons Medical Office Building in Elyria, Ohio; Doctors Specialty Hospital Medical Office Building in Leawood, Kan.; The John C. Lincoln Medical Plaza I and II and North Mountain Medical Plaza in Phoenix.; and Escondido Medical Arts Center in Escondido, Calif. The properties in Ohio, Kansas, and Phoenix will be managed and leased by the healthcare division of Holladay Properties.

August 30, 2013

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