HOUSTON — Colliers International has arranged the sale of a 20,750-square-foot medical office building, located at 1325 La Concha Ln. in Houston. Christopher Winters of Colliers' Houston office represented the seller, Treeline Partners, in the transaction. Jim Houmani of Houston-based Xander Properties represented the buyer, Sugar Land-based Saroj Kirby, LLC.
AURORA, ILL. — Leopardo recently completed 42 of the 88 rooms at Provena Mercy Medical Center in Aurora as part of a multi-phased modernization and privatization project. The final rooms are slated for completion in late 2012. Each room includes 218 square feet of space and newly replaced windows. The architect for the project is Jensen & Halstead.
NOVI, MICH. — Healthcare Trust of America Inc., a real estate investment trust focused on medical office buildings, has executed an agreement to purchase a 203,000-square-foot, on-campus medical office building in Novi, Mich. for $51 million. The building is 98 percent occupied and is connected to Providence Park Hospital via a covered walkway.
MARION, ILL. — Holland Construction Services recently completed the new $5.7 million Behavioral Medicine building for the U.S. Dept. of Veterans Affairs in Marion. The 17,400-square-foot building includes 14 bedrooms, a day room for group gatherings and a kitchen. Paul Gansauer of Holland Construction served as the project manager, and N.K. Bhandari, Consulting Engineers P.C. provided architectural services. The building is now open.
FREDERICKSBURG, VA. —The 18,714-square-foot Spotswood Medical Center, located at 4103-4107 Lafayette Blvd. in Fredericksburg, has been sold for $3 million. Virgil Nelson of Cushman & Wakefield/Thalhimer's Fredericksburg office represented Spotswood Medical Center Associates, the seller, in the transaction and procured the buyer, Lafayette Boulevard Properties.
HOUSTON — Marcus & Millichap has brokered the sale of the 14,000-square foot Red Oak Surgery Center, an ambulatory facility located at 17322 Red Oak Dr. on the campus of Houston Northwest Medical Center. The facility is operated by Dallas-based Tenet Healthcare. Tanner McGraw of Marcus & Millichap's Houston office represented the seller, a private investor, in the transaction and secured the buyer, a private investor.
BEVERLY HILLS, CALIF. — NorthMarq Capital has arranged $12 million in first-mortgage financing for the 53,058-square-foot Wilshire Medical Office Building in Beverly Hills. The loan includes a 10-year term and a 25-year amortization schedule. It was arranged for the borrower through NorthMarq’s correspondent relationship Principal Real Estate Investors. NorthMarq’s team was led by Robert Hervey, executive vice president and senior managing director of the firm’s Los Angeles office.
OKLAHOMA CITY — Birmingham, Ala.-based The Sanders Trust has commenced construction on the $19 million, 50-bed inpatient rehabilitation hospital located in Oklahoma City. Upon completion, the property will be fully leased to Mercy Rehabilitation Hospital, a joint venture between Centerre Healthcare Corp. and Mercy Health System of Oklahoma. Nashville, Tenn.-based Earl Swensson Associates designed the property, Birmingham, Ala.-based Iberia Bank provided the financing and Kansas City, Mo.-based J.E. Dunn is the general contractor. The new hospital is slated for a late 2012 completion.
UVALDE — Marcus & Millichap has brokered the $2.1 million sale of the 115-bed Uvalde Healthcare & Rehabilitation Center, located at 535 N. Park St. in Uvalde. Douglas O'Toole Marcus & Millichap's Houston office and Rob Reis of the firm's San Francisco office represented the seller, a limited liability company, in the transaction and procured the buyer, a partnership.
TALLADEGA, ALA. — Walker & Dunlop has arranged a $7.8 million loan through HUD's Section 223(a)(7) Streamline Refinance Program for the 234-bed Talladega Healthcare Center, located at 616 Chaffee St. in Talladega. Jay Healy of Walker & Dunlop's Atlanta office secured the 30-year fully amortizing loan.