Healthcare

CBRE Arranges $142M Sale of Veterans Affairs Outpatient Clinic in Austin

by Taylor Williams July 18, 2023

AUSTIN, TEXAS — CBRE has arranged the $142 million sale of a 272,636-square-foot outpatient facility in Austin that is fully leased to the U.S. Department of Veterans Affairs. The two-story building was originally constructed in 2013. Services offered at the clinic include physical therapy, mental health counseling, radiation treatments, prosthetic replacements, cardiology and neurology. Will Pike, Lee Asher, Brian Pfohl, Cyrus Felfeli and Jordan Selbiger of CBRE represented the seller, Health Care Property Advisors, in the transaction. The buyer was not disclosed.

July 18, 2023

Acquisitions California Healthcare Office Western

Montecito Medical Acquires 32,000 SF Medical Office Property in Visalia, California

by Jeff Shaw July 18, 2023

VISALIA, CALIF. — Montecito Medical has acquired a 32,300-square-foot medical office property in the San Joaquin Valley city of Visalia. The property, located on the campus of Kaweah Delta Medical Center, is fully leased by Kaweah Health. Founded in 1963, Kaweah Health operates the largest healthcare facility in the county and works with more than 5,200 medical professionals across its eight campuses. The acquisition aligns with Montecito Medical’s focus on acquiring medical office properties nationwide.

July 18, 2023

California Healthcare Leasing Activity Office Western

CBRE Arranges Two Lease Extensions at Oakland’s Rotunda Building

by Jeff Shaw July 18, 2023

OAKLAND, CALIF. — CBRE has arranged two lease extensions totaling 10,000 square feet at the Rotunda Building in Oakland. The extending tenants include East Bay Endoscopy Surgery Center, an outpatient endoscopic facility specializing in gastroenterology, and East Bay Center for Digestive Health, a provider of comprehensive gastroenterology and hepatology services. Rubicon Point Partners owns the 300,000-square-foot office and retail building, and is currently underway on upgrades to building systems, common areas and tenant amenities. CBRE’s Andy Schmitt, Trent Holsman and Alex Robertson represented the landlord. Michael Sharapata of JLL represented East Bay Endoscopy Surgery Center, while Russel Gallaway of Gallaway Commercial represented East Bay Center for Digestive Health.

July 18, 2023

Acquisitions Healthcare Texas

Partners Real Estate Brokers Sale of 12,521 SF Ambulatory Surgery Center in Houston

by Taylor Williams July 17, 2023

HOUSTON — Partners Real Estate has brokered the sale of a 12,521-square-foot ambulatory surgery center in Houston. According to LoopNet Inc., the single-tenant property at 444 FM 1959 was built in 1995 and offers 103 parking spaces. Ryan McCullough, Connor Watson, Cary Latham and Wyatt Huff of Partners represented the seller, Ellington Properties LLC, in the transaction. Additional terms of sale were not disclosed.

July 17, 2023

Development Healthcare New York Northeast Top Stories

Extell Development Underway on 435,000 SF Medical Office Project on Manhattan’s Upper East Side

by Taylor Williams July 17, 2023

NEW YORK CITY — Locally based firm Extell Development Co. is underway on construction of a 435,000-square-foot medical office project at 1520 First Ave. on Manhattan’s Upper East Side. Designed by Perkins Eastman Architects, the 30-story building will occupy a full city block between East 79th and East 80th streets and house ambulatory care and surgical facilities. Foundation completion and vertical construction are scheduled to occur during the third quarter of this year, and full completion is slated for the second quarter of 2025. According to the development team, the facility will be the first privately built medical office tower to be developed on the Upper East Side. Additional building features will include multiple outdoor terraces and mechanical systems to enhance comfort and energy efficiency, as well as ground-floor retail space. The Hospital for Special Surgery (HSS) has preleased eight floors totaling 195,580 square feet to serve as the facility’s anchor tenant. Newmark has been tapped to lease the remainder of the space. HSS will house orthopedic and rheumatology physician’s offices, as well as ancillary services for treatment of musculoskeletal conditions. The space will complement the expansion of HSS’ main campus, which will house the newly announced Lauder Family Spine …

July 17, 2023

Development Healthcare Midwest Nebraska

McCarthy Breaks Ground on $33M Kearney Cancer Center for Nebraska Medicine

by Kristin Harlow July 13, 2023

KEARNEY, NEB. — McCarthy Building Cos. has broken ground on Nebraska Medicine’s Kearney Cancer Center, a $33 million project in Kearney, a city in central Nebraska that is home to the University of Nebraska-Kearney. The 53,000-square-foot project encompasses a two-story outpatient medical facility specializing in cancer care. Nebraska Medicine will offer the services of medical and radiation oncology, infusion, laboratory and pharmacy, survivorship programs, genetics counseling and a healing garden. The cancer center will be part of the mixed-use University Village project. Completion is slated for December 2024. PACT Studios is the architect.

July 13, 2023

Development Healthcare Midwest Missouri

Tarlton Tops Out Construction of SSM Outpatient Center in O’Fallon, Missouri

by Kristin Harlow July 12, 2023

O’FALLON, MO. — Tarlton has topped out construction of a new SSM outpatient center in the St. Louis suburb of O’Fallon. Tarlton broke ground on the two-story, 66,000-square-foot project in December. Completion is slated for mid-2024. SSM Health is partnering with SSM Health Medical Group, SLUCare Physician Group and Cardinal Glennon Children’s Hospital to provide primary, specialty and pediatric services at the facility, which is situated near the Streets of Caledonia mixed-use project. ACI Boland Architects is the project architect.

July 12, 2023

Development Healthcare Midwest Minnesota

Kraus-Anderson Completes $2M Renovation of Orthopaedic Associates Office in Minnesota

by Kristin Harlow July 12, 2023

VIRGINIA, MINN. — Kraus-Anderson has completed a $2 million renovation and expansion of the Orthopaedic Associates office in Virginia, about 65 miles north of Duluth. Designed by Cuningham Group Architecture Inc., the 7,500-square-foot project features an orthopedic medical clinic, X-ray suite and physical therapy gym. The property is situated within Rock Ridge District’s administration building. Rock Ridge and Orthopaedic Associates have partnered to provide career academy learning opportunities for students.

July 12, 2023

California Development Healthcare Western

PMB Opens UC Davis Rehabilitation Hospital in Sacramento

by Jeff Shaw July 11, 2023

SACRAMENTO, CALIF. — PMB has opened the UC Davis Rehabilitation Hospital in Sacramento. The 52-bed inpatient rehabilitation facility is located on the UC Davis Sacramento campus and offers comprehensive rehabilitation services for patients with various conditions. The hospital features state-of-the-art facilities, private rooms, therapy gyms and a therapeutic courtyard. The new facility was announced as part of a joint venture agreement between UC Davis Health and Lifepoint Rehabilitation, a business unit of Lifepoint Health. Lifepoint Rehabilitation will manage the day-to-day operations of the inpatient rehabilitation facility. The architect was Taylor Design, while the general contractor was McCarthy Building Cos.

July 11, 2023

Arizona Development Healthcare Office Western

AZGYN to Redevelop Former Banner Urgent Care Facility in Mesa, Arizona

by Jeff Shaw July 11, 2023

MESA, ARIZ. — Arizona Gynecology Associates (AZGYN) is renovating a former Banner urgent care facility in Mesa. The 4,307-square-foot medical office building will undergo exterior and interior upgrades, including the addition of an X-ray suite and a dedicated women’s urgent care center. The expanded location will triple AZGYN’s footprint in Mesa and provide enhanced healthcare services to the community. Renovations are underway for completion by the end of the year. JLL’s Mari Lederman and Katie McIntyre represented AZGYN in the acquisition. Chad Shipley and Rommie Mojahed of SVN represented the building seller, Summit Properties Group LLC.

July 11, 2023

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