INGLEWOOD, CALIF. — PM Realty Group and the Steve Miller Company have co-brokered a lease agreement for nearly 30,000 square feet of medical office space for Didi Hirsch Community Mental Health Center at the 70,000-square-foot Freeman Medical Towers in Inglewood. The lease is value at more than $6 million. PM Realty and Steve Miller represented the landlord, Grabel Financial & Linton Financial, in the transaction.
KYLE — Physiotherapy Associates has opened a new 1,450-square-foot clinic at 147 Elmhurst, Ste. 500 in Kyle called the Strickland Physical Therapy clinic. The clinic offers sports injury rehabilitation, spinal rehabilitation, injury prevention and sports medicine. Clinic director Sarah North will lead the clinic team. Jones Lang LaSalle brokered the opening.
TEXARKANA — EnTrust Realty Advisors has brokered the sale of the 17,500-square-foot Texarkana Surgery Center in Texarkana. EnTrust Realty represented the owner, The Westminster Funds, in the transaction. New York-based American Realty Capital Healthcare Trust Inc. purchased the property. The site is a single story and houses the ambulatory surgery center and is 100 percent leased by Texarkana Surgery Center, L.P.
BOCA RATON, FLA. — The 31,632-square-foot Boca Raton Comprehensive Cancer Center, located at 21010 N. State Rd., has received $3 million in financing through Thomas D. Wood & Co.'s relationship with Summit Investment Partners. The borrower secured the 10-year loan with a 20-year amortization schedule to purchase the property, which was vacant at the time of acquisition.
LINDENHURST, ILL. — Irgens Health Care Facilities Group has broken ground for the 43,500-square-foot Vista Health System medical office building, located at 1025 Red Oak Lane in Lindenhurst. 26,500 square feet of the building is pre-leased to Advanced Radiation Oncology, Illinois Bone & Joint Institute, Vista Health System and Vista Cancer Center. Completion is anticipated for January 2012.
OCALA, FLA.— William Karns Enterprises has been selected to develop the $21 million, 120-bed Brentwood at Fore Ranch, an assisted living and memory care facility in Ocala, Fla. Construction will begin sometime this month and is scheduled for completion in 212. National Heath Investors provided a $2.5 million, three-year loan to develop the project, which will be managed by Senior Management Advisors.
PHILADELPHIA — Grubb & Ellis Healthcare REIT II has purchased a five-property portfolio of skilled nursing facilities located throughout Philadelphia for $75 million. The portfolio, which totals more than 392,000 square feet and 1,200 patient beds, is leased to Mid-Atlantic Health Care through 2026.
LAKELAND, FLA. — Atlanta-based Heery International has finished a 27,000-square-foot expansion at the Lakeland Regional Cancer Center in Lakeland. The project included additional physician offices, 26 new exam rooms, a special procedures center, light-filled lobby and waiting areas, a state-of-the-art high-dose radiation suite, two cystology rooms, urodynamics room, resource library, boutique, healing gardens and a cafe. Heery served as architectural, engineering, interior design and environmental consultant for the expansion.
CARROLLTON – A local Carrollton physicians group has acquired a 1.07-acre tract of land at the northwest corner of Hebron Parkway and Huffines Boulevard in Carrollton for future development. The group plans to construct a medical office complex that will be completed by early 2012. Coppermark Bank, represented by Carter Kendall of Henry S. Miller Brokerage’s Dallas/Fort Worth land division, sold the parcel. Rebecca Cucovatz of Legacy Premier Group represented the physicians group.
OAKLAND, CALIF. – The 98,600-square-foot Broadway-Webster Medical Plaza in Oakland was acquired by Investcorp Real Estate for about $30 million. The building was sold by affiliates of ScanlanKemperBard, which will retain an ownership interest. It will also continue to manage and operate the facility. As part of the agreement, the new venture will make significant upgrades to the facility over the next 12 months, including seismic retrofitting and fire-life safety improvements. Broadway-Webster Medical Plaza currently has 46 tenants. It has maintained an average occupancy of 90 percent for the past 10 years.