BAYONNE, N.J. — The Bayonne Planning Board has granted approval for the construction of a new medical office building in the city. Bayonne Medical Center plans to construct an approximately 50,000-square-foot building that will house a surgery center, a nursing school, a hospital pharmacy and doctors' offices. Groundbreaking is set to occur in 2011. William Procida is overseeing the project on behalf of Bayonne Medical Center.
JACKSONVILLE, FLA. — The Haskell Company has finished the construction of a 37,000-square-foot medical office building for HealthAmerica in Jacksonville. The three-story property is located in the Emerson Medical Plaza and is being leased to Shands Jacksonville. Shands will operate an imaging center on the first floor, and a women's center and doctors' offices are located on the second floor.
GERMANTOWN, WIS. — NorthMarq Capital’s Minneapolis regional office has arranged a $10 million first mortgage loan for Aurora Healthcare Portfolio in Germantown. The two-building portfolio offers 92,377 square feet of medical office space. Daniel Trebil of NorthMarq secured the 13.5-year loan, which carries a 13.5-year amortization schedule. The financing was provided by FBL Financial Group.
HOUSTON — W.S. Bellow's Construction has finished vertical construction of Texas Children's Hospital's new maternity center. The $575 million Houston project spans 796,000 square feet and a 532,000-square-foot parking deck. The property connects to the Texas Medical Center by way of a pedestrian bridge. Delivery is slated for winter 2011. The building was designed by FKP Architects and Inventure Design. A second tower also is planned, and that will bring the maternity center's footprint to 1.9 million square feet.
DALLAS AND GRAND PRAIRIE, TEXAS — Leo A Daly will design Grand Prairie Clinic and Maple Family Center Replacement for the Parkland Health & Hospital System in Grand Prairie and Dallas, respectively. The freestanding Grand Prairie clinic will span 35,000 square feet and will be built on the site of a former police station. The 60,000-square-foot Dallas project will include space for primary and preventative care services as well as office space for physicians.
HOUSTON — Skanska USA Building will start construction in August on a $42 million expansion for Harris County Hospital District at Holly Hall Hospital in Houston. The firm will build a 52,000-square-foot, five-story building that will house radiation therapy and diagnostic imaging services. Delivery is slated for July 2012.
LAKEWAY, TEXAS — Walker & Dunlop has secured a $167 million construction loan for the planned 270,427-square-foot Lakeway Regional Medical Center in Lakeway. The HUD loan was underwritten at a 90 percent loan-to-cost rate and carries a 25-year amortization schedule. When complete, the property will feature a 52,071-square-foot parking garage, emergency rooms, diagnostic imaging areas and space for a full array of healthcare services.
LAGRANGE, GA. — McCarthy Building Cos. has completed the 140,000-square-foot South Tower at West Georgia Health's LaGrange campus. The $70 million project will accommodate up to 192 beds. The property houses a cardiovascular center, an intensive care unit and an emergency department.
OWENSVILLE, IND. — Cambridge Realty Capital Cos. has closed on a $4.32 million FHA-insured HUD Lean mortgage loan for a skilled nursing home in Owensville. Transcendent Healthcare of Owensville offers 68 beds. Cambridge Realty Capital Ltd. of Illinois arranged the fully amortized, 27-year term loan for the property’s owners, an Indiana limited liability company.
SEWELL, N.J. — CB Richard Ellis (CBRE) has arranged the sale of a medical office property in Sewell for $3.12 million. The 15,000-square-foot building is located at 570 Egg Harbor Road, less than a mile from Kennedy University Hospital's Washington Township campus and Virtua Hospital's new Gloucester County campus. The property is fully occupied through 2013 by the University of Medicine & Dentistry of New Jersey. CBRE's Douglas Rodio and Stephen Marzullo represented the seller, Guzzo Developers, and procured the buyer, a private investor.