SUGAR LAND, TEXAS — Eco-Dental, an environmentally friendly dental practice, has joined the tenant roster at Lake Pointe Village, a 170,000-square-foot retail center in Sugar Land. The retail center is located within the 190-acre, mixed-use suburban village Lake Pointe Town Center, a Planned Community Developers’ (PCD) project. The dentistry practice will occupy 2,000 square feet of retail space at 1570 Southwest Freeway, Suite 500. Eco-Dental owner Dr. Danny Nguyen represented himself, and Charlie Adams of PCD represented the firm in lease negotiations.
GLENVIEW, ILL. — Cambridge Realty Capital Cos. has arranged a $15.9 million first-mortgage loan for the refinancing of Glenview Terrace Nursing Center, a 314-bed skilled nursing facility located in Glenview. The loan is filly amortized and carries a 40-year term. It was arranged for the borrower, an Illinois-based limited liability company, by Cambridge Realty Capital Ltd. of Illinois, a Cambridge subsidiary that underwrites senior housing and healthcare loans using HUD programs. Glenview Terrace was refinanced through HUD’s Section 223(a)(7) program.
GLEN ELLYN, ILL. — Leopardo Construction has completed construction for a $7 million medical office building in Glen Ellyn on behalf of Central DuPage Hospital. The three-story convenient care facility is situated at 885 Roosevelt Rd., adjacent to an existing Central DuPage Hospital Health Track Facility. The new building features radiology, trauma and internal medicine departments, as well as diagnostics facilities. The two buildings share an existing parking area. Leopardo served as general contractor with architectural services being provided by RTKL.
CHESTERFIELD, MO. — The St. Louis office of Walton Construction has completed Chesterfield Medical Institute, a 20,000-square-foot ambulatory surgery center and medical office building located in Chesterfield. The $6.8 million project consists of a two-story building situated on Chesterfield Parkway. The project architect during construction was Feeler Sheer Architects. Tenants at the building include Laser & Dermatologic Surgery Center, West County Dermatology and Generation Dental Group. The property is owned by Drs. George Hruza, Dan Ring and Julie Ring.
SAN ANTONIO — NorthMarq Capital has arranged first-mortgage financing for 8500 Village Medical Office Building, a 23,165-square-foot property located in San Antonio. The building is currently occupied by Radiology Associates, Monarch Dental, Pathways Services and other medical groups. Roger Trapnell and Warren Hitchcock of NorthMarq’s Houston office secured the loan, which carries a 25-year term and a 25-year amortization schedule. The lender was StanCorp Mortgage Investors. The borrower and the loan amount were not disclosed.
HILLIARD AND COLUMBUS, OHIO — Columbus-based Alterra Real Estate Advisors has completed the sale of two Columbus-area medical office buildings for a total of $2.44 million. The first property is located at 5300 Nike Dr. in Hilliard and traded for $1.54 million. The second property is located at 1547 W. Broad St. in Columbus and traded for $900,000. Both properties are currently occupied by Mt. Carmel Health Systems. Brad Kitchen of Alterra represented the seller in both transactions, 36 Fiesta Lane LLC. The Nike Drive property was acquired by Golden Unity LLC, which was represented by Roya Ghodsi of ReMax Town Center. Acquisition financing was provided by US Bank. The Broad Street property was purchased by Andrew Tran of San Diego.
LOS ANGELES — Century City, Calif.-based Held Properties has completed the disposition of 100 UCLA Medical Plaza in Los Angeles. The Regents of the University of California acquired the property for $43 million. Located adjacent to the Ronald Reagan UCLA Medical Center at the entrance to the UCLA campus, the seven-story, 123,000-square-foot medical center is currently 100 percent leased at the time of acquisition. Held Properties and construction partner Jones Brothers completed the 100 UCLA Medical Plaza in 1991.
ZEPHYRHILLS, FLA. — Fort Myers, Fla.-based Stevens Construction has begun its renovation of the 7,500-square-foot Twelve Oaks Medical Office building. After the project is complete, the property, located at 6748 Gall Blvd. in Zephyrhills, will house an orthopedic medical practice. Stevens’ duties include interior demolition, full reconstruction and the installation of a new sprinkler system. Delivery is expected this fall.
GERMANTOWN, MD. — Rockville, Md.-based Fisher BioServices has signed a 7-year lease with Minkoff Development Corp. for 20,249 square feet of space in the former MiddleBrook Pharmaceuticals building. The 53,054-square-foot property is located in the Seneca Medows Corporate Center at 20439 Seneca Meadows Parkway in Germantown. Henry Bernstein and Matt Brady of Scheer Partners negotiated a release of MiddleBrook’s current lease so Fischer could move into the building on October 1.
BARRINGTON, ILL. — The Pepper Family Hospice Home and Center for Care has broken ground in Barrington, with completion scheduled for spring 2010. The 47,000-square-foot facility will offer care for acute and complicated patients that can no longer receive in-home care. The building will be one of the first green hospices in the country, and is designed to achieve LEED Silver certification, as well as incorporating guidance from the Green Guide for Healthcare, a sustainable building toolkit specifically for the healthcare sector. Harley Ellis Devereaux and Hospice Design Resources partnered to provide architectural services. Pepper Construction is the general contractor and Hospice of Northeastern Illinois is the owner/developer of the $18 million endeavor.