ALICE, LUFKIN, VICTORIA AND WHARTON — Seavest has closed on the sale of an eight-property medical office building (MOB) portfolio for approximately $30 million. Grubb & Ellis Healthcare REIT II Inc. purchased the portfolio, which totals 156,220 square feet and had been a part of the Seavest Properties I LLC investment fund since they were developed by the company from 2000 to 2002. The eight properties are located in Alice, Lufkin, Victoria and Wharton, Texas, Carlsbad and Hobbs, N.M., Hope, Ark., and Lake Charles, La. The MOBs were originally master-leased to Triad Hospitals Inc. for terms ranging from 12 to 15 years and are located on land leased from the hospitals. Three of the properties were later sold by Triad to Signature Hospitals in Wharton, Christus Spohn Health System in Alice, and Shiloh Health System in Hope. The other five properties are on the campuses of hospitals now operated by Community Health Systems Inc., which acquired Triad in 2007.
LAS VEGAS — Birmingham, Ala.-based The Sanders Trust has acquired the 53,000-square-foot, 50-bed HealthSouth Desert Canyon Rehabilitation Hospital for $17 million. HealthSouth is a tenant pursuant to a long-term lease with The Sanders Trust and will continue to own the hospital.
LONGVIEW — Cambridge Realty Capital Cos. has arranged a $4.5 million HUD Lean first mortgage loan to refinance Summer Meadows, a 115-bed, skilled-nursing facility in Longview. The loan was arranged for the property's owner, a Texas limited liability company, by Hymie Barber of Cambridge. It was underwritten by Cambridge Realty Capital Ltd. of Illinois. Summer Meadows is located at 301 Hollybrook Dr.
COLUMBUS, OHIO — Ohio University is building an extension campus in Central Ohio using a $105 million donation from Columbus-based Osteopathic Heritage Foundations. The payment will be spread over 16 years from the foundation's usual annual outlay of about $13 million. The gift will also be used to add faculty and research on the Athens, Ohio, campus for diabetes and conditions striking the skeleton, muscles and nervous system. More than half of the gift — $67 million — will be used for three new buildings, which will open in 2014.
CHICAGO — The 45,000-square-foot build-out outpatient cancer center at Rush University, located at 1725 W. Harrison in Chicago, is now complete. The project tripled the size of the previous cancer care center. Loebl, Schlossman & Hackl provided the architectural services with Primera providing the engineering services.
WESTERN SPRINGS, ILL. — WSMC Partners has acquired the newly named Western Springs Medical Center, located at 4700 Commonwealth Dr. in Western Springs. The 18,000-square-foot building was recently renovated and is now entitled for medical and office uses. A planned addition to the existing building will expand the property to 22,000 square feet. Michael Van Zandt and Brian Edgerton of NAI Hiffman's office services group represented the buyers, which include Brian Howard of Chicago-based Stage Equity Partners. The seller and acquisition price were not released.
CHICAGO — Reed Construction has completed a 25,000-square-foot renovation for the Fertility Centers of Illinois. The project included the demolition and replacement of drywall and flooring, and extensive millwork and painting. The facility now offers a renovated waiting area and nurse stations, an enhanced IVF lab, additional physician offices, ultrasound and on-site labs and a Third Party Reproduction facility. Atul Karkhanis Architects provided architectural services for the project.
TROY AND ROCHESTER HILLS, MICH. — New York-based Savills has arranged $66 million in financing for two medical office buildings in Michigan and one medical office property in Louisiana. The Michigan properties include a 100,000-square-foot building on the campus of Beaumont Hospital in Troy and a 95,000-square-foot health and wellness center in Rochester Hills. The third property is a 99,000-square-foot medical office building located on the new replacement campus for Our Lady of Lourdes Regional Medical Office in Lafayette, Louisiana. In total, the properties are 95 percent leased. Milwaukee-based Landmark Healthcare Companies LLC owns the three properties. Savills arranged the permanent, fixed-rate financing through GE Capital, Healthcare Financial Services.
NEW YORK CITY — Reaity House has broken ground for a new substance abuse outpatient treatment facility and community residence for veterans in Queens. The three-story, 21,000-square-foot building will be built at 8-13 Astoria Blvd. and will contain 30 beds. Completion is expected in early 2012. NobleStrategy is providing construction management services.
YUMA, ARIZ. — Marcus & Millichap has presided over the $2.02 million trade of the 7,600-square-foot DaVita Dialysis Center, located at 7179 East 31st Place in Yuma. The single-tenant, net-leased property is situated less than one mile from the 382-acre Cielo Verde master-planned development. Marcus & Millichap’s Jamie Medress, Mark Ruble and Chris Keenan represented both the buyer and the seller, a limited-liability company, in the transaction.