TEXAS — Griffin-American Healthcare REIT II, co-sponsored by American Healthcare Investors and Griffin Capital Corp., has acquired 14 medical office buildings for a purchase price of $106.7 million. The properties in the 474,000-square-foot portfolio are located in Florida, Texas, New Mexico, Hawaii, Indiana, Alabama, Illinois, Colorado and South Carolina. The Texas properties include the 85,000-square-foot, 91 percent leased Rockwall Medical Center in Rockwall; the 43,000-square-foot, fully leased San Angelo Community Medical Center I and II in San Angelo; the 20,000-square-foot, fully leased Schertz Medical Building in Schertz; and a 32,000-square-foot, fully leased medical office building in Texarkana.
HOLDEN, MASS. — Construction crews have broken ground on a three-story, 36,000-square-foot medical office building in Holden. Oriol Health Care, a family-owned healthcare organization, and Reliant Medical Group, a multi-specialty medical group, will occupy the space. The property will be located on the site of the former Holden District Hospital on Boyden Road. Reliant Medical Group will take 17,000 square feet in the building and offer a family medical practice, laboratory, pharmacy, radiology, OB/GYN services and an optical center. Cutler Associates is constructing the property, which is expected to be complete by the spring of 2013. Margulies Perruzi Architects designed the building.
HAMILTON, OHIO — Duke Realty has broken ground on a 10,500-square-foot emergency department in Hamilton, which is north of Cincinnati. The department will be located near an existing inpatient facility on TriHealth's 5-acre campus. Duke Realty and Butler County Surgical Properties, a partnership of physicians employed by TriHealth, will jointly own the property. Bethesda North Hospital has fully leased the building for 15 years. PFB Architects is the architect for the project and Duke Realty is the general contractor. The building is expected to open in 2013.
OKLAHOMA CITY — Carter Validus Mission Critical REIT has purchased the 35,000-square-foot HPI Integrated Medical Facility, located in Oklahoma City, for $9.27 million. The property is fully leased to Healthcare Partners Investments (HPI).
ST. LOUIS, MO. — HOK has been named executive architect on the long-term renewal project for the medical center campus on Kingshighway Boulevard in St. Louis, which encompasses Barnes-Jewish Hospital, St. Louis Children’s Hospital and Washington University School of Medicine. The campus renewal project will extend for 10 years. The overall project calls for increased critical care capabilities and additional private inpatient rooms, along with development of programs in medical and surgical services. BJC’s selection committee cited HOK's experience designing some of the world's most transformative healthcare facilities. These projects include the Barnes-Jewish Center for Advanced Medicine in St. Louis, and the expansion of the Ohio State University Medical Center campus in Columbus, Ohio.
DALLAS — McCarthy Building Cos. has been awarded a $23 million, design/build facilities project at the U.S. Department of Veterans Affairs (VA) Dallas Medical Center. The project is the company's first stand-alone, combined heat and power (CHP) cogeneration (COGEN) facility.The project will include a new electrical building and turbine shelter.
RALEIGH, N.C. — The 87,000-square-foot WakeMed Health & Hospitals' Diagnostic Center, located at the corner of New Bern Avenue and Sunnybrook Road in Raleigh at the WakeMed Raleigh Medical Park, has opened. Duke Realty owns and developed the property and will also lease and manage the medical park. The three-story building offers outpatient imaging, lab services and pre-anesthesia testing. It is the first of several healthcare services to be offered in the medical park. Perkins+Will was the architect for the project, and Brasfield & Gorrie was the general contractor.
BEACHWOOD, OHIO — Marcus & Millchap has arranged the sale of a Medical Mutual of Ohio property, a 51,000-square-foot, net-leased property at 23700 Commerce Park Road in Beachwood. The property is fully occupied by Medical Mutual of Ohio, the oldest and largest healthcare insurer in the state. Jason Vitorino of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was a local investor.
BOSTON — Dana-Farber Cancer Institute has signed a 154,100-square-foot lease at Longwood Center in Boston. The leasing agreement places Dana-Farber as the anchor tenant of the 11-story building, which will be located at 360 Longwood Ave. Construction of the building has begun and Dana-Farber anticipates a 2014 move-in date. The new locations will be designed to allow Dana-Farber to expand its translational research initiatives, which are focused in part on accelerating the pace of laboratory discoveries that are converted into clinical uses. Robert Richards and Chris McCauley of Richards Barry Joyce & Partners represented the tenant in the lease. The building developers were represented in-hous
COLUMBIA, S.C. — Fred Ross of Dickinson, Logan, Todd & Barber's Columbia office has arranged an $11.5 million loan for a medical office building portfolio located throughout South Carolina. The properties total 68,386 square feet. A Midwest life insurance company provided the 15-year, fully amortizing loan.