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HealthcareTexas

OAKBEND DOCTORS CENTER TOPS OUT

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RICHMOND, TEXAS — The Houston office of Cadence McShane Construction Co. has topped out construction for OakBend Doctors Center – Southwest Freeway, a 60,000-square-foot medical office building located in Richmond. The new building is situated at the intersection of Southwest Freeway and Williams Way, and it will serve the adjacent OakBend Medical Center, a 90-bed acute care hospital that opened this past August. The three-story OakBend Doctors Center will offer medical office suites ranging in size from 1,200 square feet to a 17,000-square-foot full floor. Completion is scheduled for spring. Denver-based Marasco & Associates is providing the conceptual design for the project, and Seeberger + Associates is serving as the architect of record.

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HealthcareMidwest

REED CONSTRUCTION COMPLETES MEDICAL BUILD-OUT IN CHICAGO

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CHICAGO — Reed Construction has completed a medical build-out at Rush University Medical Center, which is located at 1611 W. Harrison in Chicago. The build-out included the installation of waste piping and steel re-enforcements for future tenants at the building. Rush University Medical Center is an academic medical center that includes a 671-bed hospital, the 61-bed Johnston R. Bowman Health Center and Rush University. Proteus Group provided architectural services for the project.

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HealthcareWestern

MCCARTHY COMPLETES CONSTRUCTION OF $153 MILLION PATIENT TOWER

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MISSION VIEJO, CALIF. — McCarthy Building Cos. Inc. recently completed construction of the $153 million Patient Care Tower at Mission Hospital at the southeast corner of Crown Valley Parkway and Medical Center Road in Mission Viejo. Designed by Los Angeles-based RBB Architects Inc., the new four-level patient tower features a patient-centered design along with next-generation advancements in healthcare technology and seismic building safety. McCarthy also built an underground tunnel and a 175-foot-long pedestrian bridge that connects the new facility with the main hospital building on the third floor.

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HealthcareMidwest

$27.44 MILLION LOAN ARRANGED FOR MEDICAL OFFICE FACILITY IN CHICAGO

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CHICAGO — The Chicago office of NorthMarq Capital has arranged $27.44 million in first mortgage financing for Midwest Orthopaedics at Rush, an 117,000-square-foot medical office center located in Chicago. The 10-year loan carries an 80 percent loan-to-cost and a fixed rate. Michael Sieman of NorthMarq arranged the financing on behalf of the undisclosed borrower.

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HealthcareWestern

32,000-SQUARE-FOOT MEDICAL OFFICE BUILDING TO BREAK GROUND

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REDMOND, WASH. — Gary Merlino will develop a new 32,000-square-foot medical office facility in Redmond for Evergreen Healthcare’s family practice, urgent care and radiology clinic operations. Seattle-based CollinsWoerman is the design firm, and Sellen Construction is the contractor on the project, which is expected to begin in the spring and be completed in summer 2011. The three-story, Class A medical office building will occupy the site of the former Gray Barn Nursery at the corner of state Route 202 and Northeast 90th Street in the Bella Bottega shopping center.

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HealthcareTexas

NEW REHAB HOSPITAL UNDER DEVELOPMENT IN FLOWER MOUND

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FLOWER MOUND, TEXAS — The Flower Mound Town Council has approved Continuum Health Services' plans to develop a new inpatient rehabilitation hospital in Flower Mound. Continuum Rehabilitation Hospital will be built within an existing 55,280-square-foot building located at 3100 Peters Colony Road. The hospital will include 42 private beds, concierge, a spa, and wellness and restaurant services. The building will also contain a dedicated gym featuring state-of-the-art equipment, aquatic therapy, and hot and cold emersion baths. The construction timetable was not released. The new hospital is one of several new projects in Flower Mound. Medical Center of Lewisville recently opened a 24-hour emergency room and imaging center, and Texas Health Presbyterian Hospital's Flower Mound campus is expected to open this spring.

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HealthcareTexas

WESTMOUNT REALTY CAPITAL SELLS PARCEL AT DALLAS HEALTH CAMPUS

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DALLAS — Dallas-based Westmount Realty Capital has disposed of an approximately 3.9-acre land parcel situated within its Westmount Health Campus in Dallas. Forest Park Realty Partners III purchased the site for the further expansion of its Forest Park Medical Center. The first phase of Forest Park Medical Center was completed in March and consists of a 66,000-square-foot specialty hospital. Forest Park Realty Partners purchased 6.9 acres of adjacent land in August. With this most recent transaction, only 5.5 acres remain of the 27-acre land parcel Westmount purchased in 2006 for the creation of a healthcare campus.

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HealthcareMidwest

HTA TO ACQUIRE 92,500-SQUARE-FOOT MEDICAL OFFICE PORTFOLIO

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FORT WAYNE, IND. — Healthcare Trust of America (HTA) has acquired a 92,500-square-foot medical office portfolio for an undisclosed price. The three-building portfolio includes fully occupied community hospitals in Fort Wayne, and San Angelo and Corsicana, Texas. The hospitals are wholly owned subsidiaries of Brentwood, Tenn.-based Community Health Systems. The original developer, Atlee Development, sold the properties.

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