DECATUR, GENEVA AND ST. CHARLES, ILL. — Chicago-based Beacon Realty Capital has arranged two loans totaling $35.9 million. In the first transaction, the firm secured $20.6 million in permanent financing for 13 medical office buildings located in Decatur. Terms of the loan include a 5-year term with a fixed interest rate. The lender was a national bank. In addition, Beacon arranged a $15.3 million permanent loan for the refinancing of an eight-property retail and office portfolio located in Geneva and St. Charles. The loan carries a 5-year term, a fixed rate and was arranged through a regional bank. The borrowers in both transactions were not disclosed.
HENDERSON, NEV. — MedCapital Group has provided $7.8 million in permanent financing for a behavioral care facility in Henderson. Terms of the loan include a fixed interest rate of 6.50 percent and a 5-year term with a 30-year amortization. The 25,000-square-foot behavioral treatment center is located in a medical service area of Henderson. Todd Tidmore of MedCapital Group secured the financing on behalf of the undisclosed borrower.
FIRM COMPLETES 45,000-SQUARE-FOOT MEDICAL OFFICE BUILDING ORLANDO, FLA. — A 45,000-square-foot medical office building, designed by Orlando-based HuntonBrady Architects, has delivered in the Avalon Park area of Orlando. Tenants include Florida Hospital Group and private physicians. The Mentor Group also houses its Center for Comprehensive Services, a treatment center for brain and spinal cord injuries, in the building. The property is located on Avalon Park West Boulevard.
ARLINGTON, TEXAS — BremnerDuke Healthcare, a division of Indianapolis-based Duke Realty Corp., has commenced development of Baylor Orthopedic & Spine Hospital of Arlington (BOSHA), a 55,129-square-foot medical facility located at 721 W. Highlander Blvd. in Arlington. Situated on 4.4 acres, the two-story facility features a 24-bed inpatient surgical center, six operating rooms, a 24-hour emergency department, diagnostic imaging equipment and administrative offices. The facility is being developed by BremnerDuke in conjunction with Arlington Orthopedic Associates. It will be owned by BremnerDuke Healthcare Real Estate and AOA Arlington Development LP, and will be leased to BOSHA. The general contractor is Dallas-based Hill & Wilkinson and the project architect is locally based Ascension Group Architects. Completion is scheduled for the first quarter of 2010. BOSHA is owned by a joint venture between Baylor Health Care System, United Surgical Partners International and Arlington Orthopedic Associates.
TAMPA, FLA. — University Community Health has opened a 48,000-square-foot long-term acute care facility in the Connerton Commerce Park. The one-story property is located on U.S. Highway 41 in Tampa. Features include 50 private rooms, an operating room, a chapel, a gift shop and a dining area. Nashville-based Gobbell Hays Partners designed the project. When completed, Connerton Commerce Park will encompass 190,000 square feet of office, industrial and medical space on 38 acres.
POMONA, CALIF. — Pacific Medical Building is developing an outpatient care center for the Western University of Health Sciences in Pomona. Located on East Second Street, the three-story, 68,000-square-foot Patient Care Center will accommodate multi-disciplinary teaching, clinics and office space. Additionally, the center will feature a pharmacy, optometry clinic, an outpatient dental clinic and an attached seven-level parking structure. Completion is slated for this fall.
PARSIPPANY, N.J. — Cranbury, N.J.-based Sweetwater Construction Corp. has commenced construction for Morris County Surgical Center, located at 3695 Hill Rd. in Parsippany. The 12,000-square-foot ambulatory surgery center will feature three operating rooms, two endoscopy rooms and 8,000 square feet of offices. The project consists of the complete interior and exterior renovation of an existing office building at the site. Completion is scheduled for June. The facility will be owned by Morris County Surgical Center and managed by Ambulatory Management LLC. It is being developed by Hill Road Properties LLC. Sweetwater is providing pre-construction and construction management services, and Old Tappan, N.J.-based Robert Zaccone & Associates is serving as project architect. The project marks the 15th surgical center that Sweetwater has built in New Jersey in the past 5 years.
SAN MARCOS, CALIF. — Newport National Corp. is currently developing Nordahl Medical Centre, a Class A medical condominium project in San Marcos. Located at 838 Nordahl Rd., the three-story, 55,450-square-foot building features suites ranging in size from 1,000 to 55,450 square feet on floor plates of approximately 19,000 square feet. TSA Contracting Inc. is serving as general contractor for the project, which was designed by McArdle Associates Architects. Bank of America provided financing for the project. Completion is slated for May. Mark Avilla and Matty Sundberg of Grubb & Ellis|BRE Commercial are the exclusive marketing and sales team for the center.
ORLANDO, FLA. — Orlando-based Tilt-Con Corp. has broken ground on the $11.5 million Florida District 9 Medical Examiner’s Office. The property is located at 2350 E. Michigan St. in Orlando and encompasses a morgue, a classroom, offices and training areas. Sanford, Fla.-based Wharton-Smith is serving as construction manager of the LEED-certified project, which was designed by Orlando-based MRI Architectural Group. Delivery is expected in September.
CORPUS CHRISTI, TEXAS – Brookfield, Wis.-based Hammes Co. has been selected to manage and lease an approximately 500,000-square-foot healthcare portfolio for CHRISTUS Spohn Health System, which is part of CHRISTUS Health. The portfolio comprises 12 medical office buildings located in the Corpus Christi area. Hammes will manage the portfolio from its recently opened office in Corpus Christi. CHRISTUS Health currently controls more than 40 hospitals and medical facilities located in six states, as well as in Mexico.