BOSTON — Richard Barry Joyce & Partners (RBJ) has completed the $8.7 million sale of 121 Brookline Ave. in Boston. The facility is slated to be the future home of the Longwood Research Center, a proposed six-story, 130,000-square-foot laboratory building. The project is pre-certified LEED compliant and is set to break ground this summer. Robert Richards of RBJ represented the seller, 121 Brookline Ave., LLC, and procured the buyer, Boylston Properties Co., in the transaction. Richards and Chris McCauley, also of RBJ, will lead the leasing team assigned to the project.
MANCHESTER, CONN. — Leonard Lucas of Love Funding’s Boston office has placed $6.28 million in financing for the acquisition of the Crestfield Rehabilitation Center in Manchester. The facility, also known as Fenwood Manor, features a 95-bed skilled nursing center for sub-acute care and a 60-bed intermediate care facility. The undisclosed Connecticut-based borrower purchased the facility for $5.4 million.
SAN MARCOS, TEXAS — Arlington, Texas-based Ascension Group Architects has received the contract to design Central Texas Medical Center’s $35 million expansion and renovation in San Marcos. Plans call for a new childbirth center, a Level II neonatal critical care unit, a new cardiac telemetry inpatient nursing unit and an expansion/improvement of the hospital’s surgical unit. The more than 64,000-square-foot, two-story addition is scheduled to break ground in the third quarter. Parsons Corp. is the program manager.
NOBLESVILLE, IND. — The Indianapolis office of Jackson Commercial Real Estate has announced plans to develop Hamilton Healthcare Campus, an 11.5-acre medical facility located at the corner of 146th Street and Cumberland Road in Noblesville. The project will consist of two buildings: a three-story building totaling more than 122,000 square feet, and a single-story structure totaling 8,287 square feet. Project costs are expected to exceed $20 million; groundbreaking is expected this summer.
BURBANK, CALIF. — McCarthy Building Cos. is developing the Roy and Patricia Disney Cancer Center in Burbank. Located at Providence Saint Joseph Medical Center, the $21.8 million facility will be San Fernando Valley’s most comprehensive freestanding cancer center when it opens in summer 2009. The four-story, 57,469-square-foot center will provide a combination of Western and Eastern medicine, including oncology, hematology, pathology, rehabilitation, nutrition, social services and spiritual care. Designed by Pasadena, Calif.-based SWA Architects, the project will feature a two-story waterfall in the lobby, exterior fountains and a rooftop meditative labyrinth. The project is being funded through private donations, including a $10 million gift from Roy and Patricia Disney.
CHESTERFIELD, MO. — St. Louis-based Walton Construction Co. has been selected to serve as general contractor for the development of Chesterfield Medical Institute, a $6.7 million medical facility located at 1001 Chesterfield Pkwy. East in Chesterfield. The two-story building will house three medical practices, including Laser & Dermatologic Surgery Center, West County Dermatology and Generation Dental Group. Feeler-Sheer Architects will provide design services for the project.
JOHNS CREEK, GA. — Trammell Crow Co., in a joint venture with MetLife, is developing Woodlands Park, an 18-acre multi-phase medical campus in Johns Creek. Phase 1, Woodlands Park Medical Arts I, consists of a 100,000-square-foot, four-story medical office building, located at 6375 Hospital Parkway, which borders the Emory Johns Creek Hospital campus. Phase 2 will also be four stories and 100,000 square feet. The project architect is Wakefield Beasley, and the general contractor is Brasfield & Gorie. Construction began on Phase 1 in March and is expected to complete in January.
ST. CLOUD, FLA. — Osceola Development and Land Co. is building St. Cloud Medical Arts and Technology Park, a 100,000-square-foot, LEED-certified research and development center at Stevens Plantation Corporate Center in St. Cloud. The project will consist of a 10,000-square-foot imaging center, a 10,000-square-foot surgical center, a 30,000-square-foot incubator space to be occupied by the University of Central Florida Technology Incubation Program and 50,000 square feet of medical office space. BCArchitects is designing the project, and St. Cloud-based Snow Construction is the general contractor. Construction is expected to commence this summer.
SAN DIEGO — RM-Use LLC has purchased Alvarado Medical Center, a 29,928-square-foot medical/office building located at 6367 Alvarado Ct. in San Diego, for $4.4 million. Built in 1976, the three-story building is currently leased to a variety of tenants, including Laboratory Corporation of America, E-Study Site, Sonus USA, Quest Diagnostics, Gerdez Professional and several private medical offices. Paul Lafrenz, Shauna Fick, Don Mitchell and Pat Kane of CB Richard Ellis represented the seller, Alvarado Medical Center LLC, in the transaction; the buyer represented itself.
CHICAGO — Northbrook, Ill.-based Essex Realty Group has completed the sale of a 63-unit multifamily property, located at 640 Sheridan Dr. in Chicago’s Lakeview neighborhood, for approximately $6.3 million. Doug Fisher of Essex represented the seller, and Doug Imber, also of Essex, represented the buyer. Both parties were undisclosed.