DALLAS — Mark One Capital, a subsidiary of Marcus & Millichap, has secured acquisition financing for the 20,000-square-foot Baylor Surgery Center, located in Dallas. Farhan Kabani of Mark One's Dallas office arranged the 5-year loan with a 25-year amortization schedule and a fixed 4.66 percent interest rate.
COLUMBUS, GA. — Skanska has been selected for the $115 million expansion and renovation of St. Francis Hospital, located at 2122 Manchester Expressway in Columbus. Included in the expansion is the addition of a 189,131-square-foot clinical services building and a 169,000-square-foot medical office building. Additionally, the company will renovate the main hospital. Completion is slated for August of 2013.
MOUNT JULIET, TENN. — Marcus & Millichap has arranged the $4.3 million sale of the 15,088-square-foot Providence West Medical Plaza, a medical office building located at 5003 Crossing Cir. in Mount Juliet. The building is fully leased. Joseph Massa and Anthony Lunceford of the Marcus & Millichap's Nashville, Tenn., office represented the seller, a developer, in the transaction and procured the buyer, a private investor.
ALTAMONTE SPRINGS, FLA. — The 150,000-square-foot Adventist Health Systems corporate headquarters building, located at 900 Hope Wy. in Altamonte Springs, has opened. Little was the architect for the project, Brasfield & Gorrie was the contractor, Crescent Resources was the development manager, Parsons was the project consultant and Tri-City Electrical Contractors was the electrical contractor.
NEW ORLEANS — Skanska USA and MAPP Construction have started construction on the $522 million first phase of the $1.2 billion, 2.18 million-square-foot University Medical Center, located in downtown New Orleans, on behalf of the State of Louisiana. The development is affiliated with Louisiana State University and LSU Health. The first phase includes a 550,661-square-foot, 424-bed hospital tower and a 746,982-square-foot adjoining diagnostic and treatment center. Full completion is slated for February 2015.
ORANGE PARK, FLA. — Charles Perry Partners, Inc.'s (CPPI) St. Augustine, Fla., office has completed a 13,168-square-foot expansion of the Orange Park Medical Center's Emergency Department, located at 2001 Kingsley Ave. in Orange Park. Also included in the construction was a new ambulance entrance with a 2,890-square-foot exterior canopy and a new heli-pad. The development is part of a $9 million construction management contract between CPPI and Hospital Corp. of America.Thomas, Miller & Partners designed the property. A second phase has started and is slated for completion by mid-2012.
SAN ANTONIO — The Spine & Pain Center of San Antonio has opened a 9,622-square-foot medical office at Brooks City-Base, located at 3124 Sidney Brooks, 570B in San Antonio. Brooks City-Base is a 400,000-square-foot master-planned community developed by the Brooks Development Authority.
WEST PALM BEACH, FLA. — Marcus & Millichap has negotiated the $7.1 million sale of the 28,346-square-foot Century Village Medical Office, located at 100-110 Century Blvd. in West Palm Beach. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office represented the seller, a Boca Raton, Fla.-based limited liability company, in the transaction and procured the buyer, a Pompano Beach, Fla.-based investor.
BALTIMORE — Baltimore-based Bon Secours — Liberty Medical Center has sold a 117,000-square-foot, four-building medical campus, located at 2600 Liberty Heights Ave. in Baltimore, to the State of Maryland for $6.8 million. The property will be used for Baltimore County Community College. Gary Hooper of Cushman & Wakefield/Thalhimer's Richmond, Va., office represented the seller in the transaction.
KINGWOOD — Cleveland-based Woodside Health has acquired the 29,162-square-foot Kingwood Executive Center, a medical office building complex located at 201 Kingwood Medical Dr. in Kingwood. The two-building property features a koi pond and a garden. Ted Barr of Middleburg Heights, Ohio-based Crescendo Commercial Realty represented the buyer in the transaction. The seller was represented by Grubb & Ellis Co.