Healthcare

PHILADELPHIA — Howell Acquisition has purchased the former St. Agnes Continuing Care Center, an approximately 400,000-square-foot medical complex at 1930 S. Broad St. in Philadelphia. Howell plans to redevelop the multi-building facility into a mixed-use facility. The property consists of four interconnected buildings, a five-level parking garage and a one-story powerhouse building, all sitting on 3.48 acres. Philadelphia-based Binswanger represented the seller, Mercy Health Systems, in the transaction.

FacebookTwitterLinkedinEmail

DUNCANVILLE — A medical office building leased to Southwest Endocrinology & Diabetes at 1014 E. Wheatland Rd. in Duncanville has traded hands. The property includes 5,800 square feet of rentable space, and it sits on 0.51 acres. Tanner McGraw and Eric Bouchard of Marcus & Millichap’s Houston office represented the seller, and Drew Kile and Chase Bechtel of Marcus & Millichap represented the buyer.

FacebookTwitterLinkedinEmail

VALPARAISO, IND. — Birmingham, Ala.-based The Sanders Trust has started construction on a $12 million, 60,000-square-foot medical office building, to be located on the campus of Community Health System's Porter Hospital. Birmingham, Ala.-based Robins & Morton is the contractor for the project with Gresham, Smith and Partners providing architectural services. Construction is slated for completion in late 2012 to coincide with the grand opening of the new Porter Hospital.

FacebookTwitterLinkedinEmail

NEWPORT NEWS, PORTSMOUTH, RICHMOND & NORFOLK, VA. — JenCare Neighborhood Medical Centers has signed three leases and acquired two buildings in Virginia. The company closed on: – A lease for 10,000 square feet at NewMarket Shopping Center in Newport News – A lease for 5,700 square feet at 3960 Turnpike Rd. in Portsmouth – A lease for 7,144 square feet at the Glen Lea Shopping Center in Richmond – The purchase of an 11,867-square-foot property at 1712 E. Broad St. in Richmond – The purchase of a 16,000-square-foot building located at 549 E. Brambleton Ave. in Norfolk Krista Costa and Levi Thomson of Divaris Real Estate's Virginia Beach, Va., office represented JenCare in lease negotiations in Newport News and Portsmouth, and the sale transaction in Norfolk. Brett McNamee and Debbie Wake of Divaris' Richmond office represented JenCare in both Richmond transactions.

FacebookTwitterLinkedinEmail

BOSTON — ProMed Properties has purchased the Biewend and Tupper buildings in Boston for approximately $112 million. The buildings sit on the Tufts Medical Center campus and are 100 percent leased to Tufts Medical Center, a teaching hospital for Tufts University Medical School. The 14-story Biewend Building, located at 260 Tremont St., is 154,500 square feet and houses the New England Eye Center, Division of General Internal Medicine and the Adult Orthopedic Clinic. The 14-story Tupper Building, located at 15 Kneeland St., is 97,600 square feet and houses 12 stories of laboratories and two stories of office space. Grubb & Ellis’ Phil Giunta and Anthony Biette represented Daymark Realty Advisors, the buildings’ managers, and procured ProMed Properties.

FacebookTwitterLinkedinEmail

JACKSONVILLE, FLA. — Hokanson Cos. and U.S. Federal Properties Co. have broken ground for the $56 million, 135,000-square-foot VA Jacksonville Outpatient Clinic, to be located near the Shands Jacksonville Hospital in Jacksonville. The facility will offer expanded medical services for women, primary care, radiology, two outpatient operating rooms and six endoscopy suites. Completion is slated for 2012.

FacebookTwitterLinkedinEmail

BEACHWOOD, OHIO — A joint venture between Cleveland-based University Hospitals and Nashville, Tenn.-based Centerre Healthcare Corp. has planned to construct a $17 million comprehensive inpatient rehabilitation hospital, located on Harvard Road in Beachwood. The 50,000-square-foot facility will provide physical, occupational and speech language therapy along with specialized rehabilitation nursing and a wide range of clinical services. Construction is scheduled to begin in October 2011 with completion slated for October 2012. Cogdell Spencer ERDMAN is the developer for the project and Earl Swensson Associates is the architect.

FacebookTwitterLinkedinEmail