CHICAGO — Reed Construction has been selected to complete a build-out project for Women's Health Consulting at 200 S. Michigan Ave. in Chicago. Women's Health is a fertility and pregnancy management practice comprised of physicians affiliated with Rush University Medical Center in Chicago. The medical group is relocating to the new space from 55 E. Washington. The 7,000-square-foot project will includes the addition of 10 exam rooms as well as private doctor and staff offices. Jeremy Raridon of Reed Construction is the project manager and D&K Architects will provide architectural services. The project is scheduled for completion this April.
STOCKBRIDGE, GA. — Piedmont Henry Hospital and Ackerman Medical have plans to build the $11 million, 60,000-square-foot Henry Physician Center, located at the intersection of Eagle's Landing Parkway and Rock Quarry Road in Stockbridge. The 3-story building will be located at the entrance of the hospital's campus. Groundbreaking is scheduled for this summer, with completion slated for early 2013.
NEW BRAUNFELS — Construction has commenced on the 84-acre Resolute Health Wellness Campus, a medical campus located adjacent to Creekside Town Center at the intersection of FM Road 306 and FM Road 1101 in New Braunfels. The development will include a 190-bed hospital, an urgent care center, fitness and spa centers, health-minded shops, healthy dining and green spaces. Construction is expected to be complete in 2013. Resolute Health will also open its Family Urgent Care Center on April 3 at Creekside Town Center, located at 160 Creekside Way, Suite 602 in New Braunfels. Creekside was developed by Houston-based NewQuest Properties and Cedar Falls, Iowa-based Lockard Cos.
ANN ARBOR, MICH. — Ciena Healthcare opened its latest skilled nursing community in Ann Arbor. Regency at Bluffs Park is located at the M-14/Main Street interchange. The 37,000-square-foot building includes 37 private rooms and 17 semi-private rooms. The property, which was renovated for more than $5 million, is designed to have the look of a boutique hotel. The facility includes physical and occupational therapy space, a dining room on each floor, a library and spa.
TAMPA, FLA. — The Department of Veterans Affairs (VA) has selected Duke Realty to develop and serve as general contractor for a $30 million, 106,000-square-foot primary care clinic, located at Hidden River Corporate Park in Tampa. The two-story facility will offer primary care services, radiology, women's wellness and mental health services, as well as a pharmacy. Construction is slated to begin in August 2012, with completion expected in December 2013. The VA will rent the space from Duke Realty and will fully occupy the building by February 2014. Minneapolis-based HGA is the architect for the project.
RANCHO CUCAMONGA, CALIF. — The 98,176-square-foot Kindred Hospital Rancho and a medical office building in Rancho Cucamonga have sold for an undisclosed sum. The property was built in 1996 and is located at 10841 White Oak Ave. The long-term acute care hospital building contains 55 beds and an attached, three-story medical office building. Colliers’ John Wadsworth, Tom Lagos and El Warner represented the seller, Pacific Health Realty, LLC, in this transaction.
HAMILTON, OHIO — Duke Realty has acquired five medical buildings in Hamilton, a northern suburb of Cincinnati, for a reported $22 million. The buildings are located at 3035, 3055, 3075, 3125 and 3145 Hamilton Mason Rd., on the Butler County Medical Campus. The properties total 109,092 square feet and include physician offices, a sleep center, an imaging center and a 10-bed inpatient surgical hospital. All of the properties are fully leased to Betheseda North Hospital. Duke plans to expand the building at 3075 Hamilton Mason Rd. by adding a 10,500-square-foot Emergency Department. The entire campus will become part of the TriHealth system and be known as TriHealth's Betheseda Butler County.
CARROLLTON — Dallas-based Stroud Properties has plans to develop a neighborhood of seven 8,500-square-foot assisted living residences, located on a 7.5-acre site near the intersection of East Hebron Parkway and Josey Lane in Carrollton. The $12 million project will serve a total of 64 assisted living residents and 48 Alzheimer's and dementia care residents. Each residence in the community will feature 16 bedrooms with private bathrooms, a salon and an enclosed backyard with walking paths and fountains.
EDEN PRAIRIE, MINN. — HFF has arranged $32.5 million in financing for the Eden Prairie headquarters of UnitedHealth Group's health services business, Optum. Bank of America Merrill Lynch provided the 10-year, fixed-rate loan. The 473,325-square-foot property is fully leased to UnitedHealth Group. Brandon Chavoya, Coler Yoakam and Mark West of HFF's Dallas office led the HFF team in the deal. The property is located at 13625 Technology Dr.
MONONA, WIS. — The Yahara Health Clinic, a 32,000-square-foot medical office building in Monona, has sold for $9.6 million. The building is fully leased on a triple-net basis for 10 years. Michael Bennett of Newmark Knight Frank's Chicago office represented both the buyer and the seller in the transaction. The buyer is a non-traded real estate investment trust based on the East Coast.