MEQUON AND FRANKLIN, WIS. — Grubb & Ellis Healthcare REIT has acquired Wisconsin Medical Office Buildings Portfolio 2, a healthcare portfolio located in the greater Milwaukee area. The portfolio contains two ambulatory surgery centers located in Mequon and Franklin. Together, the buildings total approximately 130,000 square feet, and were constructed in 2001 and 2004. Grub & Ellis acquired the portfolio as part of a sale/leaseback transaction with Aurora Health Care. It is the second such transaction between the two companies. The purchase was negotiated by Grubb & Ellis Healthcare REIT’s in-house acquisition team, with assistance from Grubb & Ellis Healthcare REIT Advisor LLC. The acquisition price was not disclosed.
DALLAS — A partnership formed by Dallas/Fort Worth-based Realty Capital Partners (RCP) has invested $4.9 million for the development of an inpatient rehabilitation facility in North Dallas. The 60-room facility will be located on 2.4 acres near the intersection of U.S. Highway 75 and Northaven Road. The developer, The Cirrus Group, has signed a 25-year lease with Reliant Rehabilitation Hospital Dallas to occupy the entire 64,500-square-foot building. The Cirrus Group has selected Perkins+Will as the project architect; Hill & Wilkinson is the general contractor. Demolition of the existing building is under way, and construction is expected to take 11 months.
CHEHALIS, WASH. — Providence Health & Services of Washington has completed the disposition of the former Chehalis Hospital in Chehalis. The 66,200-square-foot property sold to a Spokane, Wash., developer for $2.5 million. Evan Parker, Ted Sipila and Amy Robinson of GVA Kidder Mathews represented the seller in the transaction.
GREENVILLE, S.C. — A private investor has sold the 4,400-square-foot Affordable Dental medical office building to M&T Enterprises for $1.1 million. The property, located at 3903 Augusta Rd. in Greenville, is part of a three-state portfolio tenanted by Affordable Dental. David Sobelman of Tampa, Fla.-based Calkain Cos. represented the seller, and Peter Couchell of Greenville-based NAI Earle Furman represented the buyer.
BOLINGBROOK, ILL. — Irgens Development Partners and Irgens Health Care Facilities Group have completed a 11,767-square-foot tenant build-out within Remington Medical Commons, located at 329 Remington Blvd. in Bolingbrook. The space will be occupied by Fresnius Medical Care as a dialysis clinic. Loren Guzik of Cushman & Wakefield represented Fresnius in the original lease negotiations. Other tenants at Remington Medical Commons include Bolingbrook Family Medicine, Rezin Orthopedics & Sports Medicine, and Nephrology Associates of Northern Illinois. The building contains Class A medical office space, close proximity to the new Adventists Bolingbrook Hospital and has been certified by the Green Building Initiative.
FLORHAM PARK, N.J. — NorthMarq Capital has closed $9 million in construction-to-permanent financing for a 55,000-square-foot medical office building located in Florham Park. NorthMarq was able to secure a 2-year term with a sub-5 percent interest rate, no floor and interest-only payments with minimal guarantees. At stabilization, the loan rolls into a 5-year term with a fixed rate. The borrower was undisclosed and the lender was a regional bank.
POCATELLO, IDAHO — Ascension Group Architects was recently selected to provide design-build services for the $150 million replacement hospital for Portneuf Medical Center in Pocatello. The project consists of a new six-story addition to the east campus of the medical center along with interior renovation throughout the existing facility. Construction will include 187 beds, 320,000 square feet of new construction and 37,000 square feet of renovated space. When complete in mid-2011, the facility will house an intensive care unit, a cardiovascular intensive care unit, medical/surgical beds, obstetrics, a nursery, a neonatal intensive care unit, pediatrics, psychiatry, a surgical suite, an endoscopy suite, rehabilitation and an emergency department. Additionally, the expansion will include a two-story lobby and atrium, a dining room, a coffee shop, a central plant, and a helipad and hanger. Layton Construction is serving as general contractor for the project. Portneuf is owned by a joint venture between Portneuf Health Care Foundation Inc. in Pocatello and Plano, Texas-based Legacy Hospital Partners Inc.
STOCKBRIDGE, GA. — Tri County Pediatrics has purchased a 7,500-square-foot medical office condominium from SFA Enterprises for $1.5 million. Located at 193 N. Park Trail in Stockbridge, the condominium is part of a 15,000 square foot, Class A medical building. Edward Jones of Atlanta-based Bull Realty brokered the transaction.
DOWNEY, CALIF. — McCarthy Buildings Companies Inc., serving as design-build general contractor, has completed the construction of Kaiser Permanente Downey Medical Center, a $385 million replacement hospital located in Downey. Located at the corner of Imperial Highway and Bellflower Boulevard, the 650,000-square-foot facility replaces the existing Kaiser Permanente Bellflower Medical Center, which will be converted to an outpatient facility. The 352-bed hospital features an inpatient care diagnostic and treatment center; critical care and acute care nursing; inpatient and outpatient surgery; a labor, delivery, recovery and postpartum unit; pediatric services; and a neonatal ICU. HMC Architects provided architectural services for the project.
AURORA, ILL. — Leopardo has completed construction for a 12,400-square-foot expansion to the intensive care unit (ICU) at Rush-Copley Medical Center in Aurora. The $5.2 million project includes the addition of 14 new rooms to the ICU’s existing four rooms, as well as the replacement and upgrade of the area’s mechanical, electrical and plumbing systems. In addition, new medical gas work was completed, new equipment was installed and new finishes were added. Leopardo served as general contractor and Anderson Mikos Architects provided design services.