Friday, April 18, 2025
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Healthcare

CaliforniaDevelopmentHealthcareWestern

Scripps to Build New $1.2B San Marcos Medical Center Campus Near San Diego

by Kristin Harlow

SAN MARCOS, CALIF. — Scripps Health has unveiled plans to move forward with the development of a new medical center campus in San Marcos, about 35 miles north of San Diego. The Scripps San Marcos Medical Center will be located on a 13-acre site south of State Route 78 near Twin Oaks Valley Parkway. The first phase of the project will be a comprehensive ambulatory facility, and the second phase will be an acute care hospital. Total project costs are estimated at $1.2 billion, according to The San Diego Union-Tribune. “We acquired the San Marcos property 35 years ago, but it wasn’t the right time to build,” says Chris Van Gorder, president and CEO of Scripps Health. “Our patient population in the area has since grown to the point that it made sense for us to move forward.” Scripps purchased roughly 80 acres in San Marcos for a medical center campus in 1990. In the early 2000s, Scripps engaged H.G. Fenton to work with Scripps and the City of San Marcos on how to best utilize the land, with Scripps retaining 13 acres for the development of the new campus. For more than four years, Scripps management has been working …

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AcquisitionsArizonaHealthcareWestern

UHS of Tucson Acquires 76,770 SF Behavioral Health Hospital in Arizona for $19.1M

by Amy Works

TUCSON, ARIZ. — UHS of Tucson LLC has purchased Palo Verde Behavioral Health, a behavioral health hospital and medical office building in Tucson. TMC sold the asset for $19.1 million. Located at 2695 N. Craycroft Road, the property offers 76,770 square feet of space. Richard Kleiner of Cushman & Wakefield | PICOR represented the seller in the deal.

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DevelopmentHealthcareMidwestMissouri

MBG Underway on 60,000 SF Ignite Medical Resort in St. Peters, Missouri

by Kristin Harlow

ST. PETERS, MO. — General contractor MBG is underway on construction of the first Ignite Medical Resort in the St. Louis area. Located in St. Peters, the project is slated for completion in August. The single-story, 60,000-square-foot facility will feature 69 private rooms and 12 semi-private rooms. With elements of high-end hospitality of a 5-star luxury resort, the development features an advanced care model called “LuxeRehab.” The property will feature a lobby, reception desk, café, large windows, landscaped courtyard, two dining rooms, a full commercial kitchen and salon. Rehabilitation services will deploy the latest technology. In addition, Ignite Medical Resort will feature a mock home with a full kitchen, laundry and bathroom where patients are taught and evaluated on readiness to return to independent living. Ignite Medical Resort operates 25 facilities across six states specializing in short-term rehabilitation for a variety of medical needs. Physical, occupational and speech therapy services are provided seven days a week. The project marks the first in the St. Louis market for developer Leo Brown Group.

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AcquisitionsFloridaHealthcareMixed-UseRestaurantRetailSoutheast

Marcus & Millichap Brokers $11.3M Sale of Mixed-Use Property in Clermont, Florida

by John Nelson

CLERMONT, FLA. — Marcus & Millichap has brokered the $11.3 million sale of Legends Pointe, a two-building mixed-use retail and medical office property located in Clermont, approximately 22 miles west of Orlando. Originally built in 2006, the recently renovated property is situated on 4.3 acres and totals 47,418 square feet. Legends Pointe comprises 18 office suites and 10 retail units. Yassin Benkabbou and Salim Valiani of Marcus & Millichap’s Orlando office represented the seller, a local limited liability company, in the transaction.

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DevelopmentHealthcareMidwestNebraska

Providence Medical Center Expands in Wayne, Nebraska

by Kristin Harlow

WAYNE, NEB. — Darland Construction Co. has completed a renovation and addition for Providence Medical Center (PMC), a critical access hospital in Wayne. The first phase of the project included a 20,000-square-foot addition on the hospital’s south side, designed to accommodate the rapidly expanding imaging and specialty outpatient services. The second phase included a new campus main entry and central registration, consolidating radiology services into a unified location. A new concourse connects this area to the remodeled spaces. A dedicated outpatient clinic houses infusion rooms, stress testing, psychiatry, counseling and staff support areas. Following the completion of the addition, Darland transitioned to a 20,000-square-foot remodel, transforming the surgical suite with two new operating rooms, converting an existing OR into an endoscopy suite and adding private pre-op and recovery spaces. Areas for materials management, wound care, cardiac rehab and administrative offices were also updated. A third phase included the installation of a supplemental air handling unit and a renovation of the hospital’s pharmacy.

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AcquisitionsHealthcareNortheastPennsylvania

Marcus & Millichap Brokers $12.6M Sale of Healthcare Building in East Stroudsburg, Pennsylvania

by Taylor Williams

EAST STROUDSBURG, PA. — Marcus & Millichap has brokered the $12.6 million sale of a 40,000-square-foot healthcare building in East Stroudsburg, located about 100 miles north of Philadelphia. The building at 125 Smithfield Lane is an outpatient facility for St. Luke’s Health System and is located within the 120-acre Smithfield Gateway mixed-use development. The tenant has invested more than $3 million in the build-out of the space since taking occupancy, and the lease includes 13.5 years of remaining term with two five-year renewal options. Alan Cafiero of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Rampart-Medical-Campus-Denver-CO
AcquisitionsColoradoHealthcareWestern

Echo Real Estate Capital Buys 70,631 SF Rampart Medical Campus in Denver

by Amy Works

DENVER — Echo Real Estate Capital has acquired Rampart Medical Campus, a two-building portfolio of medical outpatient buildings located at 125 and 130 Rampart Way in Denver. Terms of the transaction were not released. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Trent Jennett and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Dann Burke, Stephani Gaskins and Anna Schornstein of CBRE’s Denver Advisory and Transaction team to represent the undisclosed seller in the transaction. Rampart Medical Campus’ two buildings offer a total of 70,631 square feet of space. Originally built in 1942, the properties were repositioned into medical outpatient facilities in 2000 and 2008 to capitalize on the expanding local healthcare network with seven hospitals totaling more than 2,900 inpatient beds in the area. At the time of sale, the property was 50 percent occupied.

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AcquisitionsHealthcareMidwestWisconsin

CBRE Arranges Sale of 100,977 SF Tosa Health Center in Wauwatosa, Wisconsin

by Kristin Harlow

WAUWATOSA, WIS. — CBRE has arranged the sale of Tosa Health Center, a 100,977-square-foot Class A medical office building in the Milwaukee suburb of Wauwatosa, for an undisclosed price. The three-story facility at 1155 N. Mayfair Road is fully leased to the Medical College of Wisconsin (MCW). Originally constructed as a build-to-suit for MCW, the facility was later expanded to accommodate MCW’s growth. A wide range of services are offered from the building, including primary care, urgent care, internal medicine, OB-GYN, mental health services, family medicine, spine care, imaging, laboratory, pharmacy, physical therapy, occupational medicine, plastic surgery and a vein center. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett, Jesse Greshin and Devin Tessmer of CBRE represented the undisclosed seller. Hammes Partners was the buyer.

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DevelopmentHealthcareTexas

Advanced Orthopaedics & Sports Medicine to Open 17,452 SF Medical Office in Tomball, Texas

by Taylor Williams

TOMBALL, TEXAS — Advanced Orthopaedics & Sports Medicine will open a 17,452-square-foot medical office in the northern Houston suburb of Tomball. The provider plans to relocate from nearby Cypress to the new building, the site of which is adjacent to Legent North Houston Surgical Hospital, upon completion this fall. Remedy Medical Properties and Kayne Anderson Real Estate are developing the building. Other project partners include architect XA Collective, general contractor Rogers-O’Brien and Up Engineering.

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AcquisitionsHealthcareSoutheastTennessee

Sila Realty Trust Acquires Knoxville Healthcare Facility for $35.1M

by John Nelson

KNOXVILLE, TENN. — Sila Realty Trust Inc., a publicly traded healthcare REIT based in Tampa, has purchased an inpatient rehabilitation facility in Knoxville for $35.1 million. The seller was not disclosed. The property is Sila Realty Trust’s first acquisition in Tennessee. Built in 2021 within the 109-acre Tennova Health Park, the 70,000-square-foot property was fully leased at the time of sale to Knoxville Rehabilitation Hospital LLC, which is a joint venture between the University of Tennessee Medical Center, Lifepoint Health and Tennova Healthcare, an affiliate of Community Health Systems.

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