GOLDSBORO, N.C. — Tri-South Investments has purchased a 5,577-square-foot medical office building from an undisclosed party in a sale-leaseback for $1.1 million. Located at 2802 McLamb Dr. in Goldsboro, the property houses the Wayne Radiology practice. Gary Lyons of Sperry Van Ness’ Raleigh, N.C., office represented the seller; Durham, N.C.-based Commercial USA’s Merle White represented the buyer.
NEW YORK CITY — NAI Friedland Realty has brokered the $5.19 million sale of 4401 Bronx Boulevard, a 40,000-square-foot building located in the Bronx, New York City. Also known as the Farrand Building, the facility is located in the North Bronx at the corner of Nereid Avenue. Rick Stassa of NAI Friedland represented both the buyer, Montefiore Medical Center, and seller in the transaction. The property had been operated by Our Lady of Mercy Medical as a rehabilitation center for substance abuse and counseling. Medical research had also been done at the building. Montefiore will continue to use the building in the same capacity.
BUFFALO GROVE, ILL. — Rosemont, Ill.-based McShane Construction Co. has completed a new Affinity Healthcare medical office building, located in Buffalo Grove. Situated on a 6.3-acre site within The Corporate Grove business park at 1450 Busch Pkwy., the single-story facility totals 64,680 square feet. A number of Affinity’s medical practice groups will occupy the facility; other tenants include Ear, Nose & Throat Center; Quest Diagnostics; Illinois Bone & Joint Institute; Northwest Suburban Urologists; Sanders Pediatrics; and WomanCare PC. The project architects were Marasco & Associates and Partners in Design.
CONROE, TEXAS — Mercan City Place Development, a division of D’Agostino Cos., has completed construction for a new 60,000-square-foot medical office building on behalf of Sadler Clinic. The project is located on a 54-acre medical campus at the intersection of Interstate 45 and League Line Road in Conroe. It consists of an urgent care center, support services and additional physician space. It is the 10th Sadler Clinic location in Montgomery County. D’Agostino and Sadler are currently finalizing plans for the construction of a second medical facility on the site. Jeff Beard of The J. Beard Real Estate Company represented both parties in the build-to-suit transaction.
DALLAS — Dallas-based Westmount Realty Capital has sold approximately 6.9 acres of land located at the Westmount Health Campus in Dallas for the expansion of the adjacent Forest Park Medical Center. Completed in March, the first phase of Forest Park Medical Center consists of a 66,000-square-foot specialty hospital. The buyer, Forest Park Realty Partners III, has the option to purchase an additional 3.8 acres for even further expansions. Sherwood Blount of Parkway Realtors represented Westmount Realty Capital Newt Walker of Newt Walker Co. represented Forest Park Realty Partners III. Westmount originally acquired the 27-acre Westmount Health Campus, located at the intersection of the North Central Expressway and Forest Lane, in 2006. After this deal, 7.5 acres of the original tract remain for sale.
PALESTINE, TEXAS — Dallas-based The Cirrus Group has closed on a $5 million loan for the construction of a new medical office building located in Palestine. The facility will be located on Willow Creek Parkway near Loop 256 and will total 28,000 square feet. It will be anchored by an ambulatory surgery center that will feature 2 operating rooms and two procedure rooms. Additional space at the facility will contain physician offices. Construction is expected to take 7 months. The project architect is Bryant Burton Kupcunas Architects and the genera contractor is Hill & Wilkinson. The facility will be operated by Springfield, Mo.-based Medical Consulting Group. Cirrus arranged the loan on behalf of the borrower, one of the company’s affiliates. The lender is Southwest Securities, FSB.
PAOLI, PA. — Bryn Mawr, Pa.-based WP Realty has sold Paoli West Professional Park, a multi-tenant medical office complex located at 15 and 17 Industrial Blvd. in Paoli. Situated on 1.3 acres, the property includes two two-story buildings totaling 19,237 square feet. It is located adjacent to Paoli Hospital and near Bryn Mawr, Phoenixville and Chester County Hospitals. Occupancy was 94 percent at the time of closing. Stephen Marzullo and Douglas Rodio of CB Richard Ellis negotiated the transaction. The buyer and the acquisition price were not disclosed.
DALLAS — The new 10740 Medical Office Building in Dallas has topped out. The new, Class A facility, which is located at 10740 N. Central Expressway, spans 92,000 square feet over four stories. It is scheduled for completion in December. The Ophthalmology Surgery Center of Dallas has leased the building’s fourth floor for a 25,000-square-foot ambulatory surgery center. Additional tenants at the building will be The Glaucoma Associates of Texas, The Cornea Associates of Texas and Dallas Laser Center. Cadence McShane Construction Co. is building the facility; Marasco & Associates, Inc. and Alliance Architects are providing architectural services.
SOMERSET, WIS. — Twin Cities-based Welsh Cos. has completed an expansion of Stillwater Medical Group’s Somerset Clinic, located at 700 Rivard St. in Somerset. Construction consisted of a 7,132-square-foot expansion, bringing the facility’s total size to 12,957 square feet. New construction included 11 exam rooms, a procedure room, a large lab facility, a conference room and a lounge. Genesis Architecture designed the project. The clinic remained open during construction.
DAYTONA BEACH, FLA. — A new 718,000-square-foot hospital has opened in Daytona Beach. Florida Hospital Memorial Medical Center is a 10-story facility situated on a 135-acre campus near the interchange of Williamson Boulevard and Interstate 95. The project, which was built by Robins & Morton Construction Co. and designed by HuntonBrady Architects, features a first-floor emergency rooms that contains 53 treatment bays, three trauma units and a helipad. The third floor features a comprehensive diagnostic and treatment center for cardiovascular (CV) disease that includes the area’s only endovascular/hybrid operating room. The fourth and ninth floors feature the hospital’s BirthCare Center and the fifth through eighth floors are dedicated to inpatient care. In addition, a medical office building connected to the hospital’s first four floors was constructed. The new hospital replaces Florida Hospital Ormond Memorial, located in Ormond Beach, Fla., which closed following the opening of the new hospital.