Healthcare

BayCare Health Breaks Ground on $326M Hospital Project in Plant City, Florida

by Julia Sanders October 26, 2021

PLANT CITY, FLA. — BayCare Health System has broken ground on South Florida Baptist Replacement Hospital, a $326 million expansion project of South Florida Baptist Hospital in Plant City. Built in 1953, the hospital has undergone 12 major expansions and renovations since opening, including the expansion of the Heart and Vascular Center in 2017. The new project includes 150 private patient rooms with the capacity to expand by an additional 30 rooms, two inpatient bed towers, an 85,000-square-foot medical office building, central energy plant and 1,073 parking spaces. There will be no disruptions with the patients, doctors or staff at the current hospital, according to BayCare Health. Barton Malow is the general contractor for the project and is anticipating a construction timeline of 26 months.

October 26, 2021

Acquisitions Colorado Healthcare Life Sciences Western

Norvin Healthcare Properties Purchases 60,000 SF Post-Acute Facility in Golden, Colorado

by Amy Works October 26, 2021

GOLDEN, COLO. — Norvin Healthcare Properties has acquired Post Acute Medical Rehabilitation Hospital of Golden from Golden Senior Housing I Propco LLC for an undisclosed price. Post Acute Medical (PAM) occupies the 60,000-square-foot in-patient rehabilitation facility, located at 600 Golden Ridge Road. PAM is currently completing a $4.2 million renovation of the building, which will expand the capacity of the facility to 60 rehabilitation beds. Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger of CBRE U.S. Healthcare and Life Sciences Capital Markets represented the seller in the deal. Sabrina Solomiany, Zack Holderman and Cole Reethof of CBRE’s U.S. Healthcare and Life Sciences Debt & Structured Finance worked on behalf of the buyer to secure acquisition financing.

October 26, 2021

Development Healthcare Leasing Activity New York Northeast Office Top Stories

Extell Development to Build 30-Story Medical Office Tower in Manhattan

by John Nelson October 26, 2021

NEW YORK CITY — Extell Development Co. has unveiled plans to develop a 30-story medical office tower on Manhattan’s Upper East Side. The 400,000-square-foot, Class A property will be located at 403 E. 79th St. The site is near several of New York City’s top hospitals and medical research centers, including NewYork-Presbyterian and the main campus of Hospital for Special Surgery (HSS), an academic medical center focused on musculoskeletal health with locations throughout the tri-state area. HSS has signed a long-term lease for approximately 200,000 square feet spread across the first eight floors at the new tower. Mitti Liebersohn and Arthur Mirante of Avison Young represented HSS in the lease negotiations in collaboration with the HSS in-house team of Michael Calabrese, Stephen Bell and Stacey Malakoff. Vincent Carrega represented Extell Development. HSS will house orthopedic and rheumatology physician offices within its office space, 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 Center that is set to open in 2024 at the HSS Kellen Tower. “We are pleased to partner with HSS, the foremost hospital for orthopedics and rheumatology, to …

October 26, 2021

Healthcare Leasing Activity Life Sciences New York Northeast Office

Feil Organization Negotiates 24,814 SF Life Sciences Lease in Manhattan

by Taylor Williams October 25, 2021

NEW YORK CITY — The Feil Organization has negotiated a 24,814-square-foot life sciences lease at Seven Penn Plaza, a 411,000-square-foot building located adjacent to Madison Square Garden in Manhattan’s Chelsea neighborhood. The lease term is 10 years. David Turino handled lease negotiations on an internal basis for The Feil Organization, which owns and manages the building. Eva Shih of T3 Advisors represented the tenant, SOSV, a venture capital firm that runs the IndieBio development program for life sciences startups.

October 25, 2021

Development Healthcare Texas

CBK Interests, Saber Street Break Ground on 126,113 SF Medical Office Building in West Houston

by Taylor Williams October 19, 2021

HOUSTON — A partnership between two locally based boutique real estate firms, CBK Interests and Saber Street, has broken ground on the Kelsey-Seybold Clinic — Memorial Villages, a build-to-suit project for Houston-based provider Kelsey-Seybold. The project includes a 126,113-square-foot medical office building and a seven-story parking garage. Kirksey Architecture provided design and engineering services for the project, and Tellepsen has been selected as the general contractor. First Horizon Bank provided construction financing. Completion is slated for July 2022.

October 19, 2021

Acquisitions Healthcare Texas

Ackerman & Co. Acquires 34,164 SF Medical Office Building in San Antonio

by Taylor Williams October 15, 2021

SAN ANTONIO. — Atlanta-based investment firm Ackerman & Co. has acquired One Medical Park, a 34,164-square-foot medical office building in San Antonio. The property houses tenants that provide pathology, dermatology and family medicine services, among others. Scott Herbold, Michael Dewey, Amber Austin and Ashlee Wells of CBRE represented the undisclosed seller in the transaction. Ackerman plans to remodel the entire building.

October 15, 2021

Acquisitions Connecticut Healthcare Northeast Retail

Yale New Haven Health Buys Former Macy’s Building at Meriden Mall in Connecticut

by Taylor Williams October 15, 2021

MERIDEN, CONN. — Yale New Haven Health, a regional provider with a total of 2,409 beds across its facilities, has purchased a building previously occupied by Macy’s at Connecticut’s Meriden Mall. Yale New Haven Health plans to repurpose the property into a retail health clinic. According to the Hartford Business Journal, Macy’s closed its store within the 179,285-square-foot building in May 2020. An investment group that includes Mason Asset Management and Namdar Realty Group owns Meriden Mall.

October 15, 2021

Alabama Arizona District of Columbia Florida Georgia Healthcare Kansas Midwest Southeast Tennessee Texas Top Stories Western

Easterly Government Properties to Acquire 10-Property VA Portfolio for $635.6M

by Katie Sloan October 14, 2021

WASHINGTON, D.C. — Easterly Government Properties Inc. (NYSE: DEA) has entered into an agreement to acquire a 1.2 million-square-foot, 10-property portfolio of facilities leased to the Department of Veterans Affairs (VA) for $635.6 million. The properties will be purchased in a joint venture with an undisclosed global investor, with Easterly retaining a 53 percent stake in the portfolio. Two of the properties are open, while the other eight are currently under construction. Acquisitions include: VA Chattanooga, a 94,566-square-foot Class A facility in Tennessee that was completed in November 2020. The property offers audiology, imaging, pathology, lab, dental and mental health services. VA Lubbock, a 120,916-square-foot facility in Texas completed in December 2020. The facility is located on the Texas Tech medical campus and features an ambulatory surgery center as well as general health, dental, audiology, ophthalmology, MRI, radiology, pharmacy, lab, physical therapy and mental health services. VA Lenexa, a 31,062-square-foot facility in Lenexa, Kan., that was delivered in May 2021. The property offers primary and specialty care, including audiology, dental, pathology and lab services, as well as radiology. VA San Antonio, a 226,148-square-foot development currently underway in Texas. The three-story facility will feature six patient aligned care team (PACT) modules …

October 14, 2021

Development Healthcare Midwest Nebraska

Darland Underway on Expansion of Providence Medical Center in Wayne, Nebraska

by Kristin Harlow October 11, 2021

WAYNE, NEB. — Darland Construction Co. is underway on an expansion and renovation of Providence Medical Center in the eastern Nebraska town of Wayne. Darland is adding a 20,000-square-foot addition to the east side of the hospital’s campus to accommodate the growing imaging and specialty outpatient services. Plans also call for removing a second entry point in favor of one prominent, secure main entry. After the addition is completed, Darland will complete a 20,000-square-foot remodel to include a new surgical suite, management area and administrative offices. Completion is slated for summer 2023.

October 11, 2021

Development Healthcare Life Sciences Northeast Office Pennsylvania

Iovance Biotherapeutics Opens 136,000 SF Life Sciences Facility at Philadelphia Navy Yard

by Taylor Williams October 11, 2021

PHILADELPHIA — Iovance Biotherapeutics Inc. (NASDAQ: IOVA) has opened a 136,000-square-foot life sciences facility at the Philadelphia Navy Yard, where the biomanufacturing firm will produce T cell-based immunotherapies for cancer patients. Gattuso Development Partners developed the facility, which is located within an opportunity zone, and CRB provided design and construction services.

October 11, 2021

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