EATONTOWN, N.J. — Marcus & Millichap has brokered the $8 million sale of Aspen Court, a 27,965-square-foot medical office building in the coastal New Jersey community of Eatontown. Anchored by Advanced Endoscopy & Surgical Center, which recently signed a 10-year lease extension, the building was fully leased at the time of sale. Other tenants include Carbon Health Urgent Care, Atlantic Medical Imaging and Eatontown Dental. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller, PB7 Associates, in the transaction and procured the buyer, an entity doing business as Aspen Court Partners LLC.
FONTANA, CALIF. — Loma Linda University Children’s Hospital has inked a 10-year lease to occupy 8,400 square feet of sub-anchor space at 16874 S. Highland Road within Highland Village in Fontana. Slated to open in early 2026, the location will provide basic pediatric urgent care services for patients age 0-21, including treatment for minor illnesses such as coughs, colds, flus, fever, sprains and other non-emergency medical conditions. Paul Su of Progressive Real Estate Partners represented the landlord, while Lon Mapes of LDM Commercial represented the tenant in the transaction.
HURST, TEXAS — Locally based brokerage firm Silver Oak Commercial Realty has negotiated the sale of Mill Haven Plaza, a 9,752-square-foot medical office building in Hurst, located in the northern-central part of the metroplex. According to LoopNet Inc., the building was constructed in 2007. Russ Webb of Silver Oak Commercial represented the buyer in the transaction. Logan May and Paul Stevenson of NAI Robert Lynn represented the seller. Both parties requested anonymity.
MAPLE GROVE, MINN. — CBRE has brokered the sale of Arbor Lakes Medical Building, an 89,052-square-foot medical outpatient building located at 12000 Elm Creek Blvd. in Maple Grove. The property is 97 percent leased to tenants such as M Health Fairview, North Memorial Health, Reproductive Medicine and Infertility Associates, Northstar Neurological Clinic, Midwest Radiology and South Lake Pediatrics Clinic. Services offered at the building include imaging, oral surgery, dentistry, physical therapy, reproductive medicine/fertility care and ophthalmology. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Trent Jemmett of CBRE partnered with Ryan Watts of CBRE and Steve Brown of Forte Real Estate Partners to represent the seller, Minnesota-based Olympus Ventures. The buyer and sales price were undisclosed.
SAN ANTONIO — Adolfson & Peterson (AP) Construction has broken ground on a $2.3 million healthcare expansion project in San Antonio. The project will expand the emergency room at Methodist Landmark Hospital on the city’s northwest side by 1,850 square feet, repurpose underutilized spaces and upgrade plumbing, electrical and HVAC systems. LK Design Group is the project architect. Completion is slated for September 2026.
BREVARD, N.C. — UNC Health Pardee, a health system managed by UNC Health that operates hospitals and clinics in Western North Carolina, has broken ground on a 39,000-square-foot adaptive reuse project in downtown Brevard. The developers behind the project include Riddle Development LLC, Layr LL and Osprey Capital. The team acquired the property, a 1960s-era retail strip center, for $2.6 million. Medalist Capital and United Community Bank are providing construction financing for the redevelopment, which is anticipated to cost $15 million in renovations. Upon completion, the new medical office building will feature 48 exam rooms for primary care services, a retail pharmacy, specialty rotation services, a 50-person conference and community room and a 300-person waiting room and event space. UNC Health Pardee plans to take occupancy in January.
JERSEY CITY, N.J. — Kessler Rehabilitation Center will open a 125,000-square-foot office and clinic at the Harborside mixed-use campus in Jersey City. The space spans the top two floors of Building 6 and can support creative office, production studio, medical and retail uses. Jamie Drummond, Dan Reider and John Crawford of Newmark represented the landlord, American Equity Partners, in the lease negotiations. A tentative opening date was not announced.
FALLS CHURCH, VA. — Advantage Capital has closed on the financing for Telestar Court, a $51 million office-to-residential conversion project in Falls Church, a Northern Virginia suburb of Washington, D.C. The developer is a joint venture between Conifer Realty and Joseph Browne Development Associates. Set for completion in spring 2027, the redeveloped site will deliver 80 apartments (36 one-bedroom and 44 two-bedroom) for low- to moderate-income residents earning 30 percent and 80 percent of the area median income (AMI). The property was formerly a medical office building. Advantage Capital leveraged $15 million in low-income housing tax credits (LIHTCs) in connection with the Virginia Housing Opportunity Tax Credit (HOTC) program to help fund the conversion project.
MIDLAND, MICH. — MyMichigan Health has opened a new cancer center in Midland, a city in central Michigan. Hord Coplan Macht (HCM) designed the 111,000-square-foot facility, which is situated on a 225-acre wooded campus. HCM helped convert two aging medical office buildings into a modern care center through complete gut renovations, saving $12 million. The center consolidates services that were previously spread out across four buildings, including oncology, infusion, women’s health and support services. The project incorporates nature-infused architecture throughout its design.
SWEDESBORO, N.J. — Marcus & Millichap has brokered the $2.5 million sale of a 10,193-square-foot medical office building in the Southern New Jersey community of Swedesboro. Completed in 2008, the building at 100 Lexington Road was fully leased at the time of sale, with Inspira Health serving as the anchor. Mark Krantz and Derrick Dougherty of Marcus & Millichap represented the seller and procured the buyer, both of which were locally based entities that requested anonymity, in the transaction.