TEMPE, ARIZ. — Southfield. Mich.-based Signature Healthcare Services LLC has purchased a 51,200-square-foot building, which is located at 6350 S. Maple Ave. in Tempe, for $5.9 million. The company plans to use the property as a behavioral health facility. Judy Bluhm and Charlie Carson of Century 21 represented the buyer; Pat Harlan, Steve Sayre, Mike Sayre and Katy Boyd of Cushman & Wakefield of Arizona represented the seller, Portland, Ore.-based ScanlanKemperBard Companies, in the transaction.
Healthcare
WOODRIDGE, ILL. — Oak Brook, Ill.-based Inland Real Estate Sales has brokered the sale of Woodgrove Professional Center, a 45,000-square-foot medical office facility located in Woodridge. The building features a granite lobby and hallways, T1 Internet connections, motion-activated lights in the common areas, computer-controlled HVAC and handicap access. The buyer, Pogo Properties, is in negotiations through Inland to add a national dialysis provider to the tenant roster, which includes Adventist Family Medical Center, ACL Labs, Nephrology Associates of Northern Illinois and Physicians CARE Midwest. Henry Holt of Inland represented the undisclosed seller. The sale price was undisclosed.
QUINCY, ILL. — Blessing Physicians Services has broken ground for the construction of an $8 million medical office building located at 927 Broadway in Quincy. The three-story building, which totals 52,150 square feet, will be a mirror image of the adjacent Blessing Health Center. Both buildings will be connected on all three floors. The new building will also have access to Blessing Hospital, via a walkway that connects the hospital to Blessing Health Center. Project construction is being led by St. Louis-based S.M. Wilson & Co.
ST. LOUIS — St. Louis-based McGrath & Associates has begun the $2.8 million renovation to the recovery room at St. Louis University Hospital, located at 3634 Vista Ave. in St. Louis. The project will renovate and expand the 16,000-square-foot recovery room, as well as space used for locker rooms and offices. The capacity of the room will increase from 25 to 41 beds. Completion is scheduled for May. Ross & Baruzzini is serving as project architect, engineer and interior designer.
Goose Creek, S.C. — The Charleston-based Medical Society of South Carolina has acquired 66 acres of land in Goose Creek for a medical office building and future medical services from Charleston-based Carnes Crossroads Associates, for $9 million. The property is located at Highway 17-A and 176. Chris Fraser of Charleston-based Grubb & Ellis | Barkley Fraser represented the buyer, and Eric Meyer of Meyer Kapp and Associates represented the seller.
ROCKFORD, ILL. — Millennium Properties has arranged the sale by auction of the Northern Illinois Medical Arts building, a 48,000-square-foot medical office property located at 5668 E. State St. in Rockford. The property was sold by Stickmen LLC; it was acquired by State and Roxbury LLC, a joint venture involving OSF Healthcare System and Genesis Land Development & Brokerage. The acquisition price was undisclosed.
SUNNYVALE, TEXAS — Cottonwood Partners has begun development on Texas Regional Medical Center at Sunnyvale, which will be Sunnyvale’s first hospital. The hospital, which will be located on 29 acres at 231 S. Collins Rd., will span 117,000 square feet and will include 70 beds, 53 medical suites, six operating rooms, an emergency department with six treatment rooms, eight ICU beds and a women's center with labor-and-delivery suites and postpartum rooms. Construction is set to begin this month and is scheduled for completion by spring 2009. Rockwall Hospitals, a Cottonwood Partners affiliate, will manage the hospital upon completion. Arlington, Texas-based Ascension Group Architects designed the hospital and will oversee the construction, and Dallas-based Rogers-O'Brien Constructionis the general contractor for the project. Cottonwood Partners purchased the land from San Antonio-based Rick Sheldon Real Estate for an undisclosed amount. Cottonwood Partners represented itself in the transaction, while Mike Anderson of B.J. Anderson Co. represented the seller.
BROOKLYN, OHIO — Grubb & Ellis has negotiated the sale of Ridgepark Medical Center, a 70,000-square-foot, Class A medical office building located at 7575 Northcliff in Brooklyn, for $2 million. Terry Coyne of Grubb & Ellis represented the seller, Deaconess Community Foundation. The property was acquired by Mall Properties, which plans to reposition it.
OAK LAWN, ILL. — Leopardo Construction has completed the $30 million expansion of Advocate Christ Medical Center, located at 4440 W. 95th St. in Oak Lawn. The expansion added 90,000 square feet to the hospital, and included the addition of five operating rooms to the hospital’s existing surgical department; the addition of 20 new patient rooms to the Adult Surgical heart Unit; and a 245-seat clinical education auditorium and conference center. Other additions include a new testing laboratory, a central sterile department, a physician’s lounge, and a multi-phase renovation to the hospital’s neonatal and prenatal intensive care units. Leopardo served as general contractor for the project, with HDR providing design services.
COLUMBUS, OHIO — NAI Ohio Equities has arranged the sale of Ackerman Place, a 110,000-square-foot medical office building located at 700 Ackerman Rd. inside Columbus’ 315 Research and Technology Corridor. The building was recently repositioned, and includes tenants such as Wachovia Securities, Dynamic Medical Imaging and OSU Managed Health Care. Don Brokaw of NAI represented the undisclosed seller; NAI will also retain management and leasing responsibilities for the building. The acquisition price and the buyer were not disclosed. 315 Research and Technology Corridor is a 10,000-acre research complex that employees 17,000 people and receives more than $1 billion annually in research grants.