Healthcare

MONONA, WIS. — New York City-based American Realty Capital Healthcare Trust (ARC) has signed an agreement to acquire a healthcare project currently under development in Monona, a suburb of Madison. The project is a clinical outpatient facility that will be leased at completion to the University of Wisconsin Medical Foundation for a 10-year term. The project will be seeking LEED certification. Completion is expected in September.

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.