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.
NEW YORK CITY — ProMed Properties has purchased a fee interest in a medical office condominium, located at 345 E. 37th St. in New York City, for $31 million. The 81,000-square-foot condominium comprises three floors of the 57-story Corinthian apartment building, which contains more than 860 residential condo units. ProMed financed the acquisition with a new 7-year, $20 million loan at a 4.59 percent interest rate and cash on hand.
FORT STEWART, GA. — The Southeast Division of McCarthy Building Cos. has been selected by The U.S. Army Corps of Engineers, Savannah District, as the construction manager for the renovation of Winn Army Hospital in Fort Stewart. The renovation, designed by Leo A Daly, includes a 65,000-square-foot addition and a 1,000-square-foot renovation to the existing hospital. The project will pursue LEED Silver certification. Construction will begin in July with estimated completion in December 2012.
MICHIGAN CITY, IND. — Franciscan St. Anthony Health has selected HSA PrimeCare to develop a new 19,593-square-foot cancer treatment center at the hospital system's Michigan City outpatient campus. The single-story facility will feature a radiation oncology center with a linear accelerator and a PET/CT scan, an infusion center, and office space. Design Organization is the project architect and Tonn & Blank Construction is the general contractor.
MESQUITE — LIG Assets, a provider of funding and financing for business real estate projects, has an agreement with HQZ Partners, LP to fund, develop and jointly own a project called Peachtree Towne Center, an estimated $250 million, 60-acre mixed-use medical campus in Mesquite. The agreement includes funding to complete Phase I of the four phase project. The project is subject to an economic development agreement from the City of Mesquite.
JOHNSON CITY, TENN. — Marcus & Millichap has brokered the sale of a 60,600-square-foot, four-story medical office building, located at 701 Med Tech Pkwy. in Johnson City, for $16.1 million. Anthony Lunceford of the firm's Nashville, Tenn., office represented the sellers and Joseph Massa, also in Nashville, represented the buyer, a regional private equity firm. Tenants include the East Tennessee Ambulatory Surgical Center, East Tennessee Brain & Spine and John Lawson Surgical.
MT. VERNON, ILL. — Hoar Construction has broken ground for a new addition to Crossroads Community Hospital in Mt. Vernon. The project will include a three-story, 48,000-square-foot addition containing 40 beds as well as radiology and lab departments. In addition, the existing emergency room and waiting area will be renovated. The hospital will remain open during construction, which will be complete by August 2012. Hart Freeland Roberts is the project architect. Franklin, Tenn.-based Community Health Systems owns the hospital.
ORLANDO, FLA. — Fort Myers, Fla.-based J.L. Wallace Construction has completed the renovation of the VA Consolidated Patient Account Center (CPAC) in Orlando. The entire third floor of the CPAC building was renovated, including a redesign of 48,000 square feet of space to accommodate offices, work stations, conference rooms, training areas and the addition of an elevator tower. Hickory, N.C.-based Atriax Group provided architectural services.
BEAVERCREEK, OHIO — Construction has commenced for a new $131 million hospital in the Dayton, Ohio, suburb of Beavercreek. The Indu and Raj Soin Medical Center will be a six-story, 285,000-square-foot structure containing 131 beds. It will be located on 22 acres at the intersection of Pentagon Boulevard and Royal Gateway Road. The facility will be able to expand up to 300 beds. Completion is slated for the first quarter of 2012. Kettering Health Network is the owner, and HOK is the project architect. Danis Building Construction Co. is the general contractor.
MICHIGAN CITY, IND. — HSA PrimeCare has started construction for a 19,593-square-foot cancer treatment center on the campus of Franciscan St. Anthony Health's Michigan City campus. The oncology practice for Franciscan St. Anthony will occupy 18,417 square feet of the two-story building, with the remaining space being leased out as medical office space. HSA will develop, own and manage the property. Design Organization is serving as project architect, and Tonn and Black Construction is the general contractor.