COLUMBUS, GA. — The U.S. Department of Housing and Urban Development has committed to insure a $210 million mortgage loan to the 376-bed St. Francis Hospital, a hospital and 60-bed assisted living facility located at 2122 Manchester Expressway in Columbus. The loan, which is being provided through FHA's Section 242 Hospital Mortgage Insurance Program, will be used to renovate a portion of the existing facility, construct a new patient tower and medical office building, purchase new equipment and refinance a $50 million debt.
LAFAYETTE, LA. — Grubb & Ellis Healthcare Reit II has purchased the 26,000-square-foot, 32-bed Lafayette Physical Rehabilitation Hospital, located at 307 Polly Ln. in Lafayette, from HFG Lafayette for $12.1 million. The buyer financed the acquisition using $12 million in borrowings under its line of credit with KeyBank National Association and cash proceeds received from its offering. Mike Coiro and Bill Bennett of Baltimore-based Capital Hospital Finance Group represented the seller in the transaction.
WAYNE, NEB. — Darland Construction has been selected to lead the planning and construction of the two-part expansion of Providence Medical Center, located at 1200 Providence Rd. in Wayne. The 25,000-square-foot addition will house a wellness and physical therapy center, and a separate 3,500-square-foot addition will provide expanded space for an outpatient department. Avant Architects is designing the expansion, and Specialized Engineering Solutions is the MEP engineer. Completion is slated for the summer of 2012.
TEMPLE — The new 148,000-square-foot Children's Hospital at Scott & White, a pediatric hospital serving 32 counties, has opened for business in Temple. The Children's Hospital offers 64 beds — 48 private and 16 Intensive Care Unit (ICU). Dallas-based HKS designed the facility, which is the only stand-alone pediatric facility between Dallas and Austin. The facilities include playrooms and an emergency department.
AUSTIN — Austin-based HTH Capital has demolished two office buildings to make way for the 62,000-square-foot Midtown Medical Tower, a mixed-use facility consisting of medical office and retail space, located at the intersection of 38th Street and Lamar Boulevard in Austin. The facility will include energy efficient operating systems, flexible floor plates and a covered patient drop-off area.
GLEN ROCK, N.J. — A joint venture between Morristown, N.J.-based The Hampshire Companies and Onyx Equities has sold a 48,000-square-foot medical office building, located at 85 Harristown Rd. in Glen Rock, to Hajjar Medical Group. Hampshire made capital improvements to the building in 2009, including new facades, windows, lobbies, landscaping, HVAC system, roof and restrooms. Frank Gunsberg of Colliers International's Parsippany, N.J., office represented both parties in the transaction.
NEWTON, MASS. — Newton-based Senior Housing Property Trust (SNH) has agreed to acquire 13 medical office properties, totaling 1.3 million square feet, for $167 million from CommonWealth REIT. The properties are currently 95 percent leased. SNH will purchase these properties using its $750 million unsecured revolving bank credit facility.
LAKEWOOD, COLO. – The three-story, 31,306-square-foot Belmar Medical Center in Lakewood has been sold to Centum Health Properties, LLC for $1,750,000. Built in 1987, Belmar is currently 76 percent leased. The seller, Coolidge Lakewood Equities, LLC, was represented by Brad Cohen and Larry Thiel of Transwestern.
LAFAYETTE, LA. — The 200-bed hospital and 104,000-square-foot medical office building Our Lady of Lourdes Medical Center, located at 4801 Ambassador Caffery Pkwy. in Lafayette, has opened. The development is Phase I of HOK's master planned 45-acre campus. In addition to the 200 beds, the 396,000-square-foot hospital contains eight operating rooms, 19 emergency rooms and 24 intensive care rooms. Lafayette-based The Lemoine Co. and Birmingham, Ala.-based Brasfield & Gorrie served as the construction managers for the project and Jefferson, Ind.-based The Estopinal Group was the architect for the medical office building.
NEW YORK CITY — Gramercy Surgery Center Inc. has purchased a 23,000-square-foot medical office property at 59-25 Kissena Blvd. in Flushing, Queens in New York City. The two-story property features 140 feet of street frontage along Kissena Boulevard. Colliers International's Brian Given, Steven Jaray and Sheena Gohil partnered with Brooklyn-based M.C. O'Brien's William O'Brien and Karen Cohen to represent the seller, EmblemHealth, in the transaction.