HARRISON, N.J. — Sweetwater Construction Corp. has begun construction on the Harrison Endo Surgical Center located at 620 Essex St. in Harrison. The 9,500-square-foot state-of-the-art retrofit will occupy part of the third floor of the 43,000-square-foot building, which also houses medical offices, a dialysis center that is part of a national chain, a school for allied health professionals and a day care/preschool facility. The surgical facility will include two operating rooms and two endoscopy procedure rooms. The facility was designed by Nadaskay Kopelson Architects of Morristown, N.J. AMCOR LLC will be managing the facility upon completion in August.
CORPUS CHRISTI, TEXAS — Corpus Christi-based NAI Cravey Real Estate Services has completed the leasing of the former CompUSA building, located at 5701 S. Padre Island Dr. in Corpus Christi. The 12,502-square-foot building will be occupied by SPID Corpus Development, which will operate a cancer facility at the site. Matt Cravey and Lynann Pinkham of NAI Cravey represented the landlord, 5701 So. Padre Island Drive LLC, in lease negotiations. Jaime Batten with the College Station, Texas, office of Keller Williams Realty represented the tenant. The building has been vacant since CompUSA closed in January 2008.
GREENSBORO, N.C. — Moses Cone Health System is awaiting state permission for a $208.5 million expansion project that would add 243,107 square feet to the Moses H. Cone Memorial Hospital in Greensboro. If approved, the project would break ground in 2011 and deliver in October 2015. The project, which is centered around the construction of a six-story tower, will also include the renovation of 87,000 square feet of existing space. Sixteen operating rooms on the hospital’s second floor will be expanded and renovated, and additional space will also be added to the emergency department.
DALLAS — Indianapolis-based Duke Realty Corp. has begun development of Baylor Cancer Center, a $154 million outpatient cancer treatment center located on the campus of Baylor University Medical Center in Dallas. The 10-story, 460,000-square-foot facility will be situated at the corner of Hall and Worth streets. It will feature cancer treatment services, clinical and physician space, oncology research, conference facilities and 250 underground parking spaces. It is already 93 percent pre-leased to Baylor Health Care System and US Oncology. The project, which is scheduled to break ground in this quarter, will be seeking LEED-Silver certification. Upon completion in 2011, it will be owned by a joint venture between Duke and Northwestern Mutual. Northwestern Mutual will own a majority stake in the venture, with Duke receiving development and leasing fees during the development and construction process. BremnerDuke Healthcare Real Estate, a division of Duke Realty, will manage the property upon completion. New York-based Savills arranged the $154 million joint venture capitalization on behalf of Duke.
GREENVILLE, S.C. — A joint venture between Charlotte, N.C.-based Flagship Capital Partners and Baltimore-based Alex. Brown Realty has purchased the 45,000-square-foot Eastside Medical Center from Hotzfam Trusts for an undisclosed amount. The property is located on Enterprise Boulevard in Greenville. Grandbridge Real Estate Capital’s Rob Vaughn arranged financing. Brannen Edge and Bill Transou represented Flagship in house, and the seller was represented by Colliers Keenan’s Bucky Tarleton, who works in the firm’s Greenville office.
NEW YORK CITY AND WEST LONG BRANCH, N.J. —Meridian Capital Group has arranged a total of $14.99 million in financing for to properties in New York and New Jersey. First, Zev Feder with Meridian’s New York office arranged $10.85 million in acquisition financing for four apartment buildings located on East 82nd Street on the Upper East Side of Manhattan. The six-story buildings contain a total of 106 residential units. Terms of the loan include a 5.62 percent fixed interest rate and a 9-year term. In West Long Branch, Max Beyderman and David Cohen of Meridian’s New Jersey office arranged $4.14 million in acquisition financing for a two-story, 57,500-square-foot medical office building located on Monmouth Road. Terms of the loan include a 6.5 percent fixed interest rate and a 5-year term.
PASADENA, CALIF. — San Diego-based Pacific Medical Buildings is opening Huntington Pavilion, a 190,000-square-foot outpatient services building at Huntington Memorial Hospital in Pasadena. Located at 625 Fair Oaks Ave., the multi-level building, which is a combination of three- and four-story elements, features twin lobbies and a six-story, 700-space parking structure. The building will house additional medical office and outpatient services, including a women’s center, full-service oncology, and imaging and ambulatory surgery center. Completion is slated for July.
SAN MARCOS, CALIF. — Newport National Corp. has developed Nordahl Medical Centre, a Class A, 55,450-square-foot medical condominium project located at 838 Nordahl Rd. in San Marcos. The three-story property offers for-sale and lease suites ranging in size from 1,000 to 55,450 square feet with floor plates of approximately 19,000 square feet. TSA Contracting Inc. served as general contractor for the project, which was designed by McArdle Associates Architects. Bank of America provided financing for the project.
FENTON, MO. — NorthStar and Kwame Building Group, together serving as the project management team, have completed work on the $236 million SSM St. Clare Heath Center in Fenton. The 430,000-square-foot, 154-bed facility is the first new hospital to open in St. Louis County in approximately 35 years, and is located on a 54-acre campus at Interstate 44 and Highway 141. Kwame coordinated design and construction activities, and provided support for procurement and installation of the medical equipment, systems and furnishings. Milwaukee-based Hammel, Green and Abrahamson Inc. served as architect; Alberici Constructions of St. Louis was the general contractor. St. Clare Health Center features a 24-hour emergency department and comprehensive medical/surgical services, as well as an electronic medication administration system, decentralized nursing pods and private patient rooms with family accommodations.
SPRING, TEXAS —Texas Children’s Hospital Pediatric Associates (TCHPA) has signed a 10-year, 9,000-square-foot lease in Spring. The medical group will occupy space within Woodforest Plaza, located at 6334 FM 2920. Jeff Tinsley of The J. Beard Real Estate Company represented the landlord in lease negotiations. Jon Silberman and Griff Bandy of NAI represented the tenant. TCHPA, a subsidiary of Texas Children’s Hospital, has more than 40 locations throughout the Houston area and is the nation’s largest group of general pediatricians.