BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the $1.5 million sale of a 4.7-acre commercial lot on Towanda Barnes Road in Bloomington. Laura Pritts of AXIS 360 represented the undisclosed seller. Joseph & Camper Commercial represented the buyer, which plans to develop the property into medical-related use. The site is located between the Parke Regency Hotel and Conference Center and Compeer Financial.
HOUSTON — Edge Capital Markets has arranged the sale of Southwest Corporate Center, a 525,580-square-foot office and healthcare property in Houston. The 39-acre site at 9700-9702 Bissonnet St. is located on the city’s west side and includes 8.6 acres of undeveloped land for future expansion. Texas Children’s Pediatrics, the State of Texas and DIRECTV are the anchor tenants at the property, which was originally built in 1975 and renovated in 2020, according to LoopNet Inc. Micha van Marcke and Chace Henke of Edge Capital Markets represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
AITKIN, MINN. — The Bemidji office of Kraus-Anderson has completed a $70 million surgical addition and expansion at Riverwood Healthcare Center in central Minnesota’s Aitkin. Designed by DSGW Architects, the project features a 72,000-square-foot surgery addition. The hospital’s new surgery space consists of approximately 60,500 square feet of new surgical departments, including six operating rooms, two large procedure rooms, three endoscopy rooms, 25 prep and recovery rooms, a post-anesthesia care unit, sterile processing and staff support. Additionally, there is about 12,000 square feet of clinical space for general surgery, neck, back and spine, urology and ENT, as well as a front entrance and lobby to support the new surgical program. Construction began in August 2022.
HOUSTON — Prenuvo, a provider of whole-body MRI imaging services, has signed a healthcare lease in Houston’s River Oaks area. The company is taking space within a six-story, 52,342-square-foot building at 3720 Westheimer Road, which is also home to beauty clinic SkinPharm, plastic surgery specialist Nuveau and Occu-Health Surgery Center. Chris Wadley and Madeline Cleary of JLL represented the locally based landlord, Ancorian, in the lease negotiations. Kevin Klink and Walker Ryan of Colliers represented Prenuvo.
COSTA MESA AND CHULA VISTA, CALIF. — JLL has secured $35.8 million in financing in two separate transactions for Turner Healthcare Facilities Fund, launched by Santa Monica-based Turner Impact Capital in 2017. John Chun and Matt DiCesare of JLL Capital Markets arranged the financing in both transactions. The JLL team arranged a three-year, $6.7 million loan through a regional bank for 1650 Adams Ave., a 12,436-square-foot medical property in Costa Mesa, and a seven-year, $29.1 million loan through a national healthcare lender for 480 4th Ave., a 64,231-square-foot medical building in Chula Vista.
COLLINGSWOOD, N.J. — Cooper University Health Care has opened the 3,800-square-foot Center for LGBTQ+ Health in Collingswood, located outside of Philadelphia in Southern New Jersey. The site is about four miles from Cooper University Hospital and houses six exam rooms, a therapy and counseling room, staff lounge, provider offices and a central medical assistant station. Spiezle Architecture Group designed the clinic, and general contractor Gary F. Gardner Inc. handled the build-out.
CHICAGO — Cook County Health (CCH) has unveiled plans to build a new community health center at 467 E. 31st St. in Chicago’s Bronzeville neighborhood. Bronzeville Health Center will join CCH’s portfolio of more than a dozen community health centers located across Chicago and suburban Cook County. Anchored by CCH’s Provident Hospital, Bronzeville Health Center will offer family medicine, behavioral health and rehabilitation services, including physical therapy, occupational therapy and speech therapy. The 26,000-square-foot facility will include 44 exam rooms and a gym space for therapy services. The family medicine and behavioral health practices are moving from their existing location within Provident Hospital’s Sengstacke Health Center. The move also frees up more clinical space within Provident Hospital to allow for the expansion of hospital-based services. Patients will continue to be able to receive primary and specialty outpatient care at Sengstacke Health Center. CCH has spent more than $9 million to grow clinical services and modernize the Provident Hospital campus since 2020. The Cook County Bureau of Asset Management and CCH are investing $10 million to build out and furnish the new Bronzeville facility.
SANDY SPRINGS, GA. — JLL Capital Markets has arranged the refinancing for Perimeter Town Center, a 274,284-square-foot portfolio of medical office properties located in Sandy Springs, roughly 20 miles north of downtown Atlanta. Mesa West Capital provided the loan to the borrowers, Harrison Street and Ackerman & Co. Perimeter Town Center comprises three buildings adjacent to Atlanta’s Pill Hill medical hub that houses three hospitals and supporting practices and services. Timothy Joyce, Anthony Sardo and Matt Casey of JLL secured the loan on behalf of the borrower. The three-year, floating-rate financing will be used to repay existing debt, fund capital improvements and defray the costs of recent leasing activity and near-term lease maturities. The owners are currently implementing extensive renovations at the properties.
PHOENIX — JLL Capital Markets has arranged an undisclosed amount of financing for Dignity Health Micro-Hospital, a 38,900-square-foot multi-specialty hospital with an emergency room and imaging center in Phoenix. The borrower is HPA Exchange LLC, a healthcare real estate investment company created by the executive team of Healthcare Property Advisors. John Chun and Daniel Digerness of JLL Capital Markets secured the five-year, fixed-rate acquisition loan through a national healthcare lender. Located at 7171 S. 51st Drive, Dignity Health Micro-Hospital consists of 24/7 emergency department, 16 patient beds, 10 emergency room beds, two advanced operating suites for surgical procedures, a full onsite lab, a full radiology suite with CT scan, X-ray and ultrasound capabilities, a pharmacy and a cafeteria. The asset was built to suit for Dignity Health, which leases the entire facility on a long-term, absolute net-lease basis. The property was built in 2014.
LA HABRA, CALIF. — Marcus & Millichap has brokered the sale of Harbor West Medical Plaza, an office property located at 860 E. La Habra Blvd. in the Orange County city of La Habra. An undisclosed seller sold the asset to a private investor for $1.8 million. The two-story Harbor West Medical Plaza features 12,760 square feet of medical and professional office space with 22 suites, most of which were occupied at close of escrow. Alex Mobin and Greg Bassirpou of Marcus & Millichap’s Orange County office represented the seller in the deal.