SCHAUMBURG, ILL. — Leopardo, serving as general contractor, has broken ground for the construction of a headquarters property for Barrington Orthopedic Specialists. Located at 929 W. Higgins Road in Schaumburg, the 53,000-square-foot medical office will feature physical therapy, work hardening, work conditioning, MRI and physician offices. Completion is slated for January 2011. Tinley Park, Ill.-based Areté 3 is providing architectural services for the project.
PITTSBURGH — Healthcare Trust of America (HTA) has signed an agreement to acquire a Pittsburgh medical office building for $40.65 million. The Federal North Medical Office Building is located two blocks from Allegheny General Hospital. It contains approximately 191,612 square feet of Class A space over four stories. Occupancy was 99.2 percent at the time of closing, with Allegheny General Hospital occupying or guaranteeing 85 percent of the tenancy. The weighted average term remaining on tenant leases for the building is more than 10 years. The seller's name was undisclosed.
LOCKPORT, ILL. — Meridian Design Build has completed the build-out of a medical office property in Lockport for MedProperties Group. The fast-tracked project included the construction of 10 exam rooms, private restrooms, shared waiting/reception areas and lockable file storage. The build-out was completed within Lockport Crossings Medical Center, a three-story, 54,000-square-foot medical office building. Areté 3 Ltd. provided architectural services for the project.
SAN DIEGO — The Vista Hill Foundation has purchased a 12,000-square-foot medical office building, located at 8910-8912 Clairemont Mesa Blvd. in San Diego, for its new main corporate office. Gina Coldani of NAI San Diego represented the buyer in the $1.95 million transaction, and Capital Growth Properties’ John Drummond and Greg Wagner represented the seller, The Dossett Group.
SUGAR LAND, TEXAS — Healthcare Trust of America has purchased the 60,300-square-foot Sugar Land Medical Building II from an undisclosed party for $12.4 million. The Sugar Land property is located in close proximity to Methodist Sugar Land Hospital, St. Luke's Hospital and Sugar Land Medical Center. Sugar Land Medical Building II is fully leased; Texas Children's Hospital occupies the majority of the space.
SAN ANTONIO — Inland Western Retail Real Estate Trust has sold an 80,000-square-foot, Class A medical office building to an undisclosed buyer for $10.85 million. The San Antonio property was built in 2005 and is fully leased to Coventry – First Health. Craig Tomlinson of Stan Johnson Co. represented both parties in the transaction.
CAMP PENDLETON, CALIF. — The new $24 million Wounded Warrior Barracks at Marine Corps Base Camp Pendleton has opened in San Diego County. The two-story, 66,000-square-foot facility features 100 semi-private suites for men and women of all ranks and includes gaming areas, computer alcoves, outdoor athletic facilities, therapeutic gardens and nature trails. Barnhart Balfour Beatty was the builder, and Cass, Sowatsky, Chapman & Associates of San Diego was the project architect.
FORT MYERS, FLA. — Construction is nearly complete on the 54,000-square-foot Gulf Coast Medical Park, a medical office development in Fort Myers. MK Construction is developing the property, which includes The Lee Memorial Health System's Wound Care Center, a facility for The Colorectal Institute and various pediatric offices. The project is 90 percent complete.
DOWNERS GROVE, ILL. — ASA Properties LLC and Chicago-based Stage Equity Partners LLC are planning to convert 1001 West 31st Street into a Class A medical office building, leveraging on the building’s proximity to Advocate Good Samaritan Hospital. Located in Downers Grove, the two-story, 49,265-square-foot building offers floor plates of approximately 20,600 square feet. Additionally, the property offers more than 5,000 square feet of lower-level conference/training center and cafeteria space.
OCALA, FLA. — Longwood, Fla.-based Cotter-Ryan Commercial will build a 35,500-square-foot ambulatory surgery center in Ocala for SSV LLC. The $3.5 million, five-building property will be built in phases on US 441. The first phase, which consists of 8,000 square feet, will start in April.