HARTFORD, CONN. — Locally based brokerage firm Chozick Realty has negotiated the $10.5 million sale of a portfolio of three medical office properties totaling 94,400 square feet in Connecticut. The portfolio comprises the two-building, 66,000-square-foot Twin Ponds Office Centre in Tolland; Windham Professional Park, a two-building, 16,400-square-foot complex in Windham; and Ledgebrook North, a 12,000-square-foot, three-building property in Mansfield. Tom Boyle of Chozick represented the undisclosed seller in the deal.
HASLET, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of Medical City ER — Haslet, a 6,000-square-foot healthcare building located north of Fort Worth. The building is situated on a pad site of a Walmart Supercenter along State Highway 287. Parker Tims and Jason Vitorino of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $4.2 million sale of a 14,110-square-foot medical office building in The Bronx. The facility at 1615 Eastchester Road has been leased to DaVita Dialysis, which has more than four years remaining on its current deal, since 1995. Daniel Chumbley, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a family office, in the transaction and procured the buyer, a New York-based investment group. Both parties requested anonymity.
HACKENSACK, N.J. — Locally based developer Plaxsun Properties has completed a 51,750-square-foot medical office building that is located directly across from the Hackensack University Medical Center campus in Hackensack. The facility features three floors of medical office space atop three levels of covered onsite parking, high-capacity HVAC and plumbing systems and multiple lobbies with elevator access. Newmark has been tapped as the leasing agent.
CHARLESTON, S.C. — Avison Young has brokered the sale of 61 West, a 43,426-square-foot medical office building located at 1483 Tobias Gadson Blvd. in Charleston’s West Ashley submarket. Atlanta-based SG Property Services purchased the property from an entity doing business as Tobias LLC for an undisclosed price. Gary Lyons and Gregg Legerton of Avison Young represented the seller in the transaction. 61 West was 85 percent leased at the time of sale to a mix of tenants including University Medical Associates (UM of SC), Anesthesia Associates and Parkwood Pediatrics. The property underwent extensive renovations to the lobby and common areas in 2023, according to Avison Young.
SAN DIEGO — Voit Real Estate Services has arranged the $5.3 million purchase of a medical office building located at 8623 Spectrum Center Blvd. in the Kearny Mesa submarket of San Diego. San Diego-based Cal Coast Credit Union sold the property to an undisclosed San Diego-based buyer. Situated within San Diego Spectrum, the single-story freestanding building offers 8,000 square feet of Class B medical office space. Tim Cajka and Myles Martinez of Voit Real Estate Services represented the buyer in the deal.
LIBERTYVILLE, ILL. — Marcus & Millichap has arranged the $2.5 million sale of a medical office property net leased to Forefront Dermatology in the Chicago suburb of Libertyville. Originally built in 1996 as a Burger King, the 6,300-square-foot building underwent a full renovation in 2018 and an expansion in 2022 to accommodate the seller’s wife’s dermatology practice, which was later acquired by Forefront Dermatology. The asset is located at 1234 N. Milwaukee Ave. Daniel Chumbley, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the buyer, a local private investor that is actively expanding its healthcare real estate portfolio across Chicagoland.
LAUREL, MD. — CBRE has arranged the sale of a 55,598-square-foot medical outpatient building located at 7140 Contee Road in Laurel, about 22 miles northeast of Washington, D.C. Catalyst Healthcare Real Estate sold the property, which is anchored by the University of Maryland Medical System and the University of Maryland Faculty Physicians, to UDLR Partners, a joint venture between GI Partners and former executives from Healthcare Trust of America. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Tim Connolly of CBRE represented the seller in the transaction. The sales price was not disclosed. Delivered in spring 2024, the medical outpatient building is located on the campus of the University of Maryland Laurel Medical Center. Both properties were constructed on a parallel timeline, marking the completion of Phase I of a health and wellness destination campus.
LITTLETON, COLO. — CBRE, on behalf of Broe Real Estate Group, has arranged the sale of Mineral Medical Plaza, a Class A medical outpatient building in Littleton. Terms of the transaction were not disclosed. Located at 1501 W. Mineral Ave., the two-story Mineral Medical Plaza offers 39,300 square feet of medical office space, including a multi-speciality surgery center. The property was repositioned in 2020, undergoing extensive renovations to be transformed into an outpatient healthcare center. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett, Jessie Greshin and Blake Holcomb of CBRE represented the seller in the deal.
SHERMAN, TEXAS — A partnership led by Community Hospital Corp. will develop Heritage Regional Medical Center, a $400 million acute care facility that will be located within the Heritage Ranch master-planned community in the North Texas city of Sherman. The nonprofit facility will include 100 inpatient beds and the infrastructure to support future expansion of all major departments — surgery, imaging, emergency and outpatient services — by another 200 beds. The initial phase of Heritage Regional Medical Center is expected to account for about 400 new jobs, and future expansion should increase the employee count to over 1,000. National healthcare architectural firm ESa is designing the facility, and ADAMS Management Services Corp. will oversee construction. Construction is scheduled to begin early next year, with the opening slated for 2028.