Healthcare

550,000-SQUARE-FOOT MEDICAL CAMPUS UNDER WAY IN ARKANSAS

by admin March 3, 2011

JONESBORO, ARK. — NEA Baptist Health System is developing a new medical campus in Jonesboro. Designed by Earl Swensson Associates, the 550,000-square-foot hospital will offer 181 beds and an adjoining 213,000-square-foot professional medical office building will house NEA Baptist Clinic's medical specialists, surgeons and diagnostic testing services. The building will be connected floor by floor to the inpatient hospital. Construction for the $400 million project is scheduled to begin in April with completion slated for summer 2013. Hoar Construction is constructing the project on behalf of NEA Baptist Health System.

March 3, 2011

TRAMMELL CROW BEGINS TWO HEALTHCARE PROJECTS

by admin March 2, 2011

NEW JERSEY AND RHODE ISLAND — Trammell Crow Co. (TCC) has begun development for two healthcare projects. First, the company is developing a 140,000-square-foot addition to the new University Medical Center of Princeton at Plainsboro. The five-story Medical Arts Pavilion will be physically connected to the hospital and will be complete in May 2012. TCC will own the project in a partnership with physician tenants and a public pension fund advised by Bentall Kennedy. TCC is also developing a 60,000-square-foot addition to Kent Hospital in Warwick. The hospital will operate a 30,000-square-foot ambulatory surgery center on the building's second floor that will feature eight operating rooms. The first floor will contain 30,000 square feet of medical office space. Joining TCC on the development team is Seavest, Steffian Bradley and Dimeo Construction.

March 2, 2011

Healthcare Texas

NET LEASE CAPITAL ACQUIRES NORTHPOINT I AND II

by admin March 2, 2011

DALLAS — Net Lease Capital Advisors has acquired two Dallas medical office buildings, Northpoint I and Northpoint II, from an affiliate of Dallas-based Caddis Partners for a price exceeding $20 million. Texas Health Resources (THR), a 24-hospital conglomerate and the largest health system in the Dallas-Fort Worth area, occupies both buildings. The buildings are used for the practice management support services for THR's 700-provider physicians group, Texas Health Physicians Group. Caddis Partners will continue to provide management services for the assets. Net Lease Capital Advisors is a specialized net lease investment and advisory firm based outside of Boston.

March 2, 2011

Healthcare Southeast

MARCUS PARTNERS, ACKERMAN & CO. ACQUIRE MEDICAL CENTER IN GA.

by admin February 28, 2011

MARIETTA, GA. — Marcus Partners and Ackerman & Co. have acquired Marietta Medical Center in Marietta. The 98,534-square-foot property was purchased for an undisclosed amount in a joint venture between Boston-based Marcus Capital Partners Fund I, a $250 million commingled real estate fund, and Atlanta-based Ackerman & Co. The Class A property consists of a five-story medical office building and an attached parking garage. The property is currently 53 percent occupied.

February 28, 2011

Healthcare Texas

PM REALTY TO LEASE PRESIDENT'S MEDICAL CENTER

by admin February 28, 2011

IRVING — Houston-based PM Realty Group (PMRG), a national, full-service commercial real estate firm, has been awarded the leasing assignment for President's Medical Center, located at 380 W. LBJ Fwy. in Irving. The 54,000-square-foot Class A medical facility is adjacent to Baylor Irving Medical Center. Kyle Libby of PMRG will be the leasing manager for President's Medical Center.

February 28, 2011

Healthcare Northeast

LEND LEASE ACQUIRES DASCO

by admin February 25, 2011

NEW YORK CITY — International property and infrastructure group Lend Lease has acquired The DASCO Companies, one of the United States' leading developers and managers of health care real estate. The new company will be known as Lend Lease DASCO and will focus on the healthcare sector. It will operate as a separate unit within Lend Lease's Americas region. DASCO President and CEO Malcolm Sina will continue to lead the company as president and managing director.

February 25, 2011

Healthcare Western

NAI CAPITAL MANAGES $2.6 MILLION DEAL IN SAN FERNANDO VALLEY

by admin February 21, 2011

LOS ANGELES — NAI Capital has presided over the $2.6 million sale of a 16,770-square-foot correctional facility located at 8141 Orion Ave. in the Van Nuys area of Los Angeles. The halfway house is situated on 25,735 square feet of land. NAI Capital’s Chuck Carmichael represented both the buyer, Behavioral Systems Southwest, and the seller, William S. Heller Co., in the transaction.

February 21, 2011

Healthcare Western

NAI MAESTAS & WARD BROKERS SALE OF SPIRITUAL RETREAT PROPERTY

by admin February 16, 2011

ALBUQUERQUE, N.M. — NAI Maestas & Ward Commercial Real Estate has brokered the sale of the former Spiritual Renewal Center, located at 6400 Coors Blvd. NW in Albuquerque, to the Episcopal Diocese of the Rio Grande. The two-building complex had a list price of $1.95 million. NAI Maestas & Ward’s Jim Hakeem represented the seller in the transaction.

February 16, 2011

Healthcare Midwest

42,750-SQUARE-FOOT LAND SITE SELLS IN INDIANA

by admin February 15, 2011

ALBION, IND. — Minthorn Enterprises LLC has acquired a 42,750-square-foot site on 4.34 acres in Albion. Located at 71 E. 400 South, the property will be the future site of OPI Medical Headquarters – Orthopedic Precision Instruments. Alex Genova of CB Richard Ellis | Sturges represented the buyer and the seller, Group Dekko Inc., in the transaction. The acquisition price was not released.

February 15, 2011

Healthcare Southeast

BROADSTONE REIT ACQUIRES MOB OFFICES IN FLORIDA

by admin February 14, 2011

TAMPA, FLA. — Broadstone Net Lease Inc. (BNL) has acquired five triple net-leased medical office buildings in Florida and Texas for a total of $18.4 million. BNL purchased four radiology centers in a sale-and-leaseback transaction in the Tampa Bay area. The properties comprise more than 50,000 square feet and are leased to Tower Radiology Centers for 15 years. Additionally, the company completed a sale-and-leaseback transaction for the Plastic and Cosmetic Surgery Center of Texas. The 11,000-square-foot property is located in Plano, Texas. Terms of the transactions were not disclosed.

February 14, 2011

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