SUN CITY AND SUN CITY WEST, ARIZ. — Healthcare Trust of America Inc. has agreed to purchase a 17-building medical office building portfolio in the northwest Phoenix area. Approximately 95 percent of the 641,000-square-foot portfolio is located on or adjacent to one of two major Banner Health hospital campuses. The purchase agreement, which should close within 45 days, provides the self-managed, non-traded REIT the opportunity to acquire two additional medical properties totaling approximately 60,000 square feet on the same campuses.
TINLEY PARK, ILL. — Pronger Smith MedicalCare is breaking ground for the construction of a 37,800-square-foot expansion at 17495 S. LaGrange Rd. in Tinley Park. The building expansion will include MRI, CT, physical therapy and treatment rooms, as well as expanded obstetrics and pediatrics facilities. Additionally, the project includes a renovation and expansion of the main reception area and a parking lot expansion. Completion is slated for July 2010.
CARROLLTON, TEXAS — Marcus & Millichap has brokered the sale of Josey Lane Medical Office, a 21,390-square-foot medical office building located in Carrollton. The single-story property was constructed in 2004; it is situated on 1.9 acres at 4532 N. Josey Lane. It was 68 percent vacant at the time of closing, but the buyer, an owner/user, plans to open a new oncology clinic and surgery center at the building. Ron Hebert and Will Balthrope of Marcus & Millichap's Dallas office represented the seller, a court-appointed receiver. The purchase price was not disclosed.
DALLAS — Marcus & Millichap has brokered the sale of La Sierra Medical Office, a 58,497-square-foot medical office building located in Dallas. The Class B property is situated on 1.04 acres at 5445 La Sierra Dr. and was constructed in 1983. Patrick Giles and Craig Lewin of Marcus & Millichap's Dallas office represented the seller, a private investor. Cyrus Raofpur of Trans-Atlas Realty represented the California-based buyer. The acquisition price was not disclosed.
FORT MYERS, FLA. — Stevens Construction will break ground this fall on the 4,600-square-foot Gorovoy Cornea Laser Center, an addition to a 10,580-square-foot, two-story facility. The center, located at 12453 S. Cleveland Ave., will include two operating rooms, recovery rooms and administration offices. Christopher J. Lee Architects designed the space.
MARION, ILL. — Swansea, Ill.-based Holland Construction Services and Project Management Solutions Group are developing a new Behavioral Medicine Building for the U.S. Department of Veterans Affairs on the campus of the Veterans Affairs Medical Center in Marion. The 17,000-square-foot, freestanding building will feature four private and four semi-private rooms, a large day room, additional patient rooms for education and group therapy, a laundry area and 11 staff and administration offices. Additionally, the facility features a central courtyard and patio. Syracuse, N.Y.-based N.K. Bhandari, Consulting Engineers P.C. provided architectural services for the $5.7 million project.
SOUTHERN CALIFORNIA — Pacific Medical Buildings (PMB) will develop three new medical office buildings (MOBs) and one parking structure in and around Southern California. In Yorba Linda, PMB will develop an 88,000-square-foot MOB for the St. Jude Heritage Medical Group that will house primary care, multi-specialty medical offices, imaging and urgent-care centers. Groundbreaking is scheduled for November. In early 2011, PMB will begin construction on a 60,000-square-foot MOB and a 320-space parking structure in San Diego. The facility is being developed in conjunction with the Sharp Rees-Stealy Medical Group, which will be the owner and sole tenant. Also in 2011, PMB will start construction on an 80,000-square-foot facility on the campus of Eden Medical Center in Castro Valley that it will also own and manage.
NEW YORK CITY — Brooklyn, New York City-based developer and investment group Guttman Realty has submitted the winning bid in the bankruptcy auction of two healthcare properties formerly controlled by Caritas Healthcare. The two properties include Mary Immaculate Hospital's 4-acre campus in Jamaica, Queens, and the 2-acre St. John's Queens Hospital campus in Elmhurt, Queens. The winning bid of $26.62 million is subject to approval by the U.S. Bankruptcy Court. The buyer plans to redevelop both properties; potential uses for the Mary Immaculate property include an educational facility, use by a non-profit organization or government organization, or a religious facility. The St. John's site could be used as an office building. CB Richard Ellis' Larry Weiss, David Zelinski, Philip Heilpern and Richard Karson represented the seller and procured the auction's five bidders.
NEW YORK CITY — Construction is under way for a new residential rehabilitation and long-term skilled nursing facility for Village Care of New York (VCNY). The six-story facility is being built at 214-218 W. Houston St. in New York City. The 65,000-square-foot structure will feature 105 beds. It will also contain a physical rehabilitation room, a mediation/yoga room that overlooks a central landscaped courtyard, dining and common areas on each floor, and a rooftop deck. The project is slated for completion in August 2010 and will be applying for LEED-Silver certification. Locally based Levien & Co. is serving as project manager. Perkins Eastman is serving as project architect, and Marco Martelli Associates is providing general contractor services.
LAKEWOOD, COLO. — Seavest Inc. and minority partner Aardex LLC have announced the development of two medical office buildings on the new campus of St. Anthony Hospital in Lakewood. Starting construction in first quarter 2010, the first building will be a four-story, 100,000-square-foot facility, and the second will be either five or six stories and be between 125,000 and 150,000 square feet. Both facilities are expected to achieve LEED Platinum certification.