OMAHA— Omaha-based Darland Construction Co. recently completed construction of the Harold M. and Beverly Maurer Center for Public Health at the University of Nebraska Medical Center campus in Omaha. The 62,600-square-foot, three-level building cost a reported $15 million. The facility includes 106 offices and an 80-seat, theater-style classroom. The facility was designed by Alley Poyner Macchietto Architecture and Adam Simpson of Darland was the project manager.
GLENDALE, WIS. — Grandbridge Real Estate Capital has originated and closed a $2.9 million first mortgage loan secured by a medical office building. The loan refinanced an existing full-recourse bank loan. Located in Glendale, Wis., the 25,044 square foot building was built in 2003. Rob Meister of Grandbridge's Milwaukee office arranged the 10-year fixed rate loan through American Equity Investment Insurance Co.
PHILADELPHIA — Malvern, Pa.-based Liberty Property Trust, in joint partnership with Parkway Corp., has broken ground on Pennsylvania Medicine at Washington Square, a new 12-story medical facility in Philadelphia. The 153,242-square-foot high-rise will be developed atop an existing parking garage on the southwest corner of 8th and Walnut Streets. Pennsylvania Medicine has signed a 20 year lease for the facility. Liberty's investment in the project will be $49.6 million and Pennsylvania Medicine will invest $22 million for the interior fit-out. The building is scheduled to open in the summer of 2013. Pennsylvania Medicine at Washington Square will house outpatient services for Pennsylvania Hospital.
SAN ANTONIO — Stockholm, Sweden-based Skanska USA has signed an $80 million contract to construct Phase II of Wilford Hall Ambulatory Surgical Center at Lackland Air Force Base in San Antonio. The project includes a 27,700-square-foot addition for the U.S. Army Corps of Engineers. Skanska is expected to begin construction in November and completion is slated for September 2013.
BOYNTON BEACH, FLA. — A joint venture between Flagler Investment and Investcorp Real Estate has purchased the 133,473-square-foot Bethesda Health City, a medical office building located at 10301 Hagen Ranch Rd. in Boynton Beach, from Bethesda Healthcare Systems for $37 million in an off-market transaction. Charles Foschini, Christopher Apone and Christian Lee of CBRE's Miami office arranged $26.3 million in acquisition financing for the buyer. The 10-year loan has a 30-year amortization schedule.
GRANDVIEW, MO. — Kansas City, Mo.-based Block Real Estate Services LLC will open the 20,000-square-foot Grandview Medical Building Oct. 31 in Grandview, Mo. Located at 7201 E. 147th St., the roughly $4 million building will serve as an addition to New Grandview Triangle. Tenants include Hickman Mills Clinic, Carondelet Health and Albers Medical Pharmacy.
HINGHAM, MASS. — Construction is complete for 2 Pond Park, a ground-up project, in Hingham, Mass. The 78,300-square-foot medical building will house the South Shore Hospital Center for Orthopedics, Spine and Sports Medicine. The facility includes exam rooms, recovery areas and laboratory services. Jeff DeMarco of Campanelli Construction led the construction management along with project executives Russell Dion and David Vroman.
MESQUITE — Dallas-based LIG Assets and Irving-based HQZ Partners have formed MedicalCampusGroup to fund, develop and jointly own the $250 million Peachtree Towne Center Project, a 60-acre mixed-use medical campus in Mesquite. Lawson & Associates are leading the fundraising efforts for the Peachtree Foundation, a nonprofit formed to support the new project. The project is designed to include a 400,000-square-foot hospital tower, 96,000 square feet of medical offices, a 40,000-square-foot clinic, retail stores, restaurants, loft-style residential units and a business class hotel. HQZ has already constructed a $3.7 million bridge that spans 480 feet.
ROME CITY, IND. — Fort Wayne, Ind.-based Momentum Properties LLC has acquired a 32,000 square foot Pent. Inc. building, located at 103 Warrener Dr. in Rome City, Ind. for an undisclosed amount. Alex Genova of CBRE represented the seller, Garrett-Ind.-based Group Dekko, Inc. Genova also represented the buyer. Future use of the building will be for a new medical manufacturer.
FULLERTON, CALIF. – Johnson Capital has arranged a $6-million loan secured by Harbor Medical, a 30,786-square-foot medical office building in Fullerton. The debt was provided by a local bank. The non-recourse loan features a fixed rate of less than 5 percent for seven years. There are no pre-payment penalties. The loan was arranged by Greg Richardson, managing director, and Scott Watson, vice president of Johnson Capital’s Irvine, Calif., office.