HILLSBORO, ILL. — Cambridge Realty Capital Cos. has provided a $2.16 million FHA-insured HUD LEAN loan to refinance the Hillsboro Rehabilitation and Health Care Center. The 107-bed skilled nursing facility is located at 1300 E. Tremont St. in Hillsboro. The fully amortized, 26-year term loan was underwritten by Cambridge Realty Capital for the borrower, a Missouri-based limited liability company.
SPRINGFIELD, PA. — CB Richard Ellis (CBRE) Capital Markets has secured $32.4 million in acquisition financing for the Crozer-Keystone Springfield Campus, a three-building, 260,000-square-foot medical office complex located in Springfield. The buildings, consisting of two medical office buildings and a fitness/sports medicine health and wellness center, are situated on the campus of Springfield Hospital. They are fully leased on a long-term basis to Crozer-Keystone Health System, which also operates the hospital. CBRE's James Gunning and Donna Falzarano arranged the 4-year loan through a New Jersey commercial bank. The borrower was undisclosed.
MIAMI — Miami Valley Hospital has opened its new 484,000-square-foot Southeast Addition. The $150 million, 11-story tower features 178 patient rooms and a comprehensive heart center, including imaging services, cardiac testing, cardiac catheterization labs adn heart surgery suites. Additionally, the facility include future capacity for 72 private patient rooms, a new patient/visitor entry lobby, two levels of underground parking, overhead pedestrian connectors and a loading dock. The project was built by a joint venture of Skanska USA and Shook Construction. NBBJ, on behalf of Premier Health Partners, provided architectural services for the project.
MANSFIELD — A 7,500-square-foot medical office, located in the southeast quadrant of FM 157 and Highway 287 at 1788 FM 157 in Mansfield, has traded. St. George Medical Office, represented by independent broker Sami Ebrahim, sold the property to an undisclosed local investor, represented by Jim Turano of Henry S. Miller Brokerage's Dallas-Fort Worth office and industrial division. The medical office is 100 percent occupied by a single medical user.
CHICAGO — Summit Design + Build has completed a 4,900-square-foot build-out of medical office space for Primary Care Medical Associates. Located at 1460 N. Halsted St. in Chicago, the new space features 11 exam rooms, private doctor offices, a reception area and a break rom. Fitzgerald Earles Architects and Associates provided design services for the project. Structured Development owns the building.
WOODBURY, MINN. — Brian Hennen of NorthMarq Capital's Minneapolis Regional office has arranged $3.6 million in financing for Woodbury Medical in Woodbury. The 22,963-square-foot medical office building is located at 2101 Woodwinds Dr. Financing was arranged for the borrower by NorthMarq through its correspondent relationship with Thrivent Financial.
HOUSTON – Hardin Construction Co. has topped out the Vintage Medical Office Building at St. Luke’s Hospital in Houston. The medical office building, owned by Brookfield, Wisc.-based HC Vintage MOB I, LLC, a partnership between Hammes Co. and St. Luke’s Partnership, is a three-story, 39,749-square-foot project with a 176-space parking lot. It will be completed in April.
CARY, N.C. — Healthcare Trust of America has purchased The Medical Park of Cary, a nine-building medical office park in Cary. The 151,000-square-foot park is situated on the WakeMed hospital campus. The property sold for $28 million. Paul Zeman of Bull Realty brokered the transaction. The seller was not disclosed.
LAWTON, OKLA. AND ENNIS, TEXAS — Grubb & Ellis Healthcare REIT II has acquired Lawton Medical Office Building Portfolio, a two-property medical office building portfolio on the campus of Southwestern Medical Center in Lawton, Okla., and Ennis Medical Office Building, a 30,000-square-foot medical office in Ennis, Texas. Located at 5604 and 5606 SW Lee Blvd., the Lawton Medical Office Building Portfolio is comprised of two three-story Class A single-tenant facilities totaling approximately 62,000 square feet. The buildings are fully leased to the medical center until 2023, with options that could extend the leases until 2033. The Oklahoma medical portfolio was acquired from Southwestern MOB I, LLC. Built in 2008, Ennis Medical Office Building is a single-story, multi-tenant medical office building located adjacent to Ennis Regional Medical Center, a 60-bed acute-care facility serving the Dallas suburb. It is 95 percent leased to tenants that include a primary medical services provider, an outpatient surgery center and an internal medicine practice. The Ennis medical building was acquired from New Bardwell Partners, LP, which was represented by Jim Moloney of Cain Brothers.
REDDING, CALIF. — Marcus & Millichap has brokered the $2.6 million sale of the 32,600-square-foot Redding Physicians Center, a medical office property located adjacent to Shasta Regional Medical Center Hospital at 1441 Liberty Street in downtown Redding. The buyer, Redding Rancheria, plans to open a clinic at the location, which features a state-of-the-art surgery center, a pharmacy and 15 physician suites. Marcus & Millichap’s Russ Moroz represented the seller, a limited liability company of local physicians and surgeons, in the transaction.