LAS VEGAS — Healthcare Trust of America has purchased the 73,300-square-foot San Martin Medical Arts Pavilion, an on-campus medical office building located in Las Vegas, for approximately $19.1 million. Completed in 2007 and 95 percent leased at time of acquisition, the three-story, multi-tenant property is connected directly to St. Rose Dominican Hospital, a 147-bed, acute-care facility serving the growing needs of the southwest Las Vegas community. The transaction marks HTA’s first acquisition in the gaming capital of the world.
ORLANDO AND OVIEDO, FLA. — Healthcare Trust of America has acquired a medical office portfolio in Orlando and Oviedo for approximately $18 million. The 105,000-square-foot portfolio consists of two Class A multi-tenant medical office buildings. Constructed in 2000, Lake Underhill Medical Center is located on the Florida Hospital East Orlando campus in Orlando. Oviedo Medical Center was built in 1997 and is located adjacent to Florida's Hospital CentraCare in Oviedo. The buildings are 98 percent leased with more than 50 percent leased to Florida Hospital, which is part of the Adventist Health System. Additional details of the transaction were not disclosed.
AVENTURA, FLA. — Chateau Aventura has purchased Terzetto at Aventura, a condominium development site in Aventura, for $3.62 million or $43.14 square foot. Located at 2775 N.E. 185th Ave., the 1.92-acre property is approved for a 22-story, 205-unit condo project. Common Capital Partners Inc. represented the buyer; Kevin Kidwell of Sperry Van Ness' Fort Lauderdale, Fla., office represented the seller, MGAL REPH I, II, III LLC, in the transaction.
SANTA FE, N.M. — Healthcare Trust of America has acquired a 33,631-square-foot medical office building in Santa Fe for approximately $9.56 million. Located adjacent to the 268-bed CHRISTUS St. Vincent Hospital, the St. Vincent 440 MOB is 100 percent leased to CHRISTUS St. Vincent Regional Medical Center, with a remaining lease term of 9 years.
PINELLAS PARK, FLA. — Marcus & Millichap has completed the sale of Country Inn, a 14,273-square-foot limited mental health facility in Pinellas Park. An undisclosed Washington-based buyer acquired the property for $1 million. Situated on 3.08 acres at 7600 78th Avenue N., the property consists of 23 units offering a total of 42 beds. Kenneth Carriero represented the undisclosed seller and the buyer in the transaction.
EL PASO — The $31 million University Medical Center (UMC) of El Paso has opened. It is the first building completed in a $315 million campus renovation project. The facility includes a level-one trauma center and operating suites. The second phase of the project will be to double the size of the medical center's emergency department by gutting the existing trauma center. It is slated to open next summer.
LOWER MAKEFIELD TOWNSHIP, PA. — Matrix Development Group has broken ground for the construction of a 12,000-square-foot medical office building located in the Octagon Center mixed-use development in Lower Makefield Township. Lower Bucks Pediatrics will purchase and occupy the building upon its completion. Matrix plans to develop a second 12,000-square-foot medical office building within the center as well. The medical office buildings are part of a 186-acre master-planned community that will also contain retail and residential components.
BATON ROUGE, LA. — Lillibridge Ventas, a wholly owned subsidiary of Ventas Inc., is constructing a $40 million medical office building at the campus of the new $350 million Women's Hospital in Baton Rouge. The two-tower, 250,000-square-foot complex will house a comprehensive breast center, a maternal-fetal medicine center, infrastructure for an ambulatory surgery center, retail space and space for future outpatient services. Completion is scheduled for late 2012.
FORT HOOD — The U.S. Army Corps of Engineers has selected the Balfour Beatty | McCarthy joint venture, along with HKS Architects and Wingler & Sharp, to provide design-build services for the Fort Hood replacement hospital project. The $503 million, 944,000-square-foot facility will break ground in April 2011 and replace the 45-year-old Carl R. Darnall Army Medical Center. The state-of-the-art healthcare facility will be completed in May 2014; and a majority of the design and construction budget will be funded by the American Recovery and Reinvestment Act of 2009.
SAN DIEGO — Cassidy Turley BRE Commercial has handled the $63.5 million purchase of a 125,219-square-foot biomedical office building located at 4570 Executive Drive in the UTC submarket of San Diego. The four-story building is 100 percent leased to Bristol Myers Squibb, Amylin Pharmaceuticals and UCSD. Cassidy Turley’s Dave Odmark represented both the buyer, Biomed Realty Trust, and seller, San Diego-based LMC Executive Investment Co. LLC, in the transaction.