Wednesday, January 22, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Healthcare

DevelopmentDistrict of ColumbiaHealthcareOfficeSoutheast

Diversified Healthcare Trust Completes $26M Renovation of Medical Office Building in D.C.

by Alex Tostado

WASHINGTON, D.C. — Diversified Healthcare Trust has completed a $26 million renovation of 1145 19th St. NW in Washington, D.C., a 133,000-square-foot medical office building. The renovations include a new glass façade, lobby lounge, fitness center, business center and an upgraded HVAC system. The property is situated less than one mile from downtown D.C. The RMR Group managed the renovations, Davis Construction was the general contractor and SmithGroup Architecture was the designer. Nick Zuppas and Andrew Papantoniou of Zuppas Medical Realty are leading the leasing efforts for the building.

Continue Reading
FacebookTwitterLinkedinEmail
Medical-Office-Generation-Park
DevelopmentHealthcareTexas

McCord to Develop 101,000 SF Medical Office Building in Houston’s Redemption Square

by Taylor Williams

HOUSTON — McCord Development will build a 101,000-square-foot medical office building within Redemption Square, a mixed-use district within the 4,200-acre Generation Park master-planned development in northeast Houston. Designed by Kirksey Architecture, the five-story building will feature a glass façade with views of the adjacent West Lake Park, ground-floor locker rooms with showers and access to Generation Park’s network of hiking trails. McCord expects to begin construction next year and to complete the project in 2023.

Continue Reading
FacebookTwitterLinkedinEmail
Pacifica-Medical-Plaza-Irvine-CA
AcquisitionsCaliforniaHealthcareOfficeWestern

Meridian, Harrison Street Acquire 110,400 SF Building for Medical Office Conversion in Irvine, California

by Amy Works

IRVINE, CALIF. — A joint venture between Meridian and Harrison Street has purchased a Class A office building located at 114 Pacifica Court in Irvine. The joint venture plans to invest additional capital in building improvements to convert the property into medical office space. Situated on 4.8 acres, the property features 110,400 square feet. At the time of sale, the property was 60 percent occupied. Constructed in 1999, the building is currently named Pacifica Court, but will be renamed to Pacifica Medical Plaza once conversion is complete. Anthony DeLorenzo and Todd Tydlaska of CBRE represented the seller, an institutional owner, while the joint venture represented itself in the deal. John Wadsworth and Aaron Phillips of Colliers International will handle leasing for the property following the medical office conversion.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareMarylandSoutheast

Heritage Partners Sells Build-to-Suit Medical Facility in Metro D.C. for $39.3M

by John Nelson

GLENARDEN, MD. — Heritage Partners has sold Children’s National Prince George’s County, a 60,000-square-foot medical outpatient facility situated within Woodmore Towne Centre in Glenarden. The Annapolis, Md.-based developer sold the newly constructed property to Municipal Acquisitions for $39.3 million, and Municipal Acquisitions has subsequently restructured the lease with the tenant. The deal allows Children’s National Hospital, a Washington, D.C.-based healthcare system, to transition from a tenant under a triple-net-lease to the owner of the building and the land. Municipal Acquisitions and Children’s National financed the acquisition using tax-exempt and taxable bonds. The three-story, build-to-suit property opened in July and houses a pediatric ambulatory surgery center and space for pediatric clinics and offices. Jonathan Hipp of Avison Young brokered the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareLife SciencesNortheastOfficePennsylvania

Ensemble Real Estate Acquires Three Life Sciences Buildings in Philadelphia for $83M

by Taylor Williams

PHILADELPHIA — California-based Ensemble Real Estate Investments has acquired a trio of life sciences buildings within Philadelphia’s Navy Yard for $83 million. The properties total 366,803 square feet and are occupied by WuXi Advanced Therapies Inc. Ensemble, which has five offices across the country, now owns five life sciences buildings totaling approximately 550,000 square feet within the Navy Yard. The seller(s) was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareMidwestMinnesota

Davis to Develop 78,000 SF Medical Office Building in Suburban Minneapolis

by Kristin Harlow

ST. LOUIS PARK, MINN. — Davis has unveiled plans to develop the 78,000-square-foot Xchange Medical building in St. Louis Park, a western suburb of Minneapolis. Ear Nose & Throat Specialty Care and Surgical Care Affiliates will anchor the three-story, Class A medical office building. The two tenants will occupy 60 percent of the project, which will include a covered patient drop-off area, a healing garden and a total of 324 parking spaces. Xchange Medical will be built on a 4.6-acre site that Davis assembled from four separate parcels that currently house vacant office and warehouse buildings, an auto repair shop and a parking lot. Davis has owned the parcels since 2015. The buildings will be demolished to make way for the project, which the St. Louis Park City Council unanimously approved in August. Davis expects to break ground in October with completion slated for late 2021.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareIllinoisMidwest

MedProperties to Build 78,000 SF Medical Office Building Within $500M Redevelopment of Former McDonald’s Campus

by Kristin Harlow

OAK BROOK, ILL. — MedProperties has received approval from the Oak Brook Village Board of Trustees to build a 78,000-square-foot medical office building within Oak Brook Commons, the $500 million redevelopment of the former McDonald’s campus in suburban Chicago’s Oak Brook. The seven-story outpatient facility will be known as Oak Brook Commons Medical. Plans call for a lobby area, immediate care clinic, comprehensive imaging suite and 281 covered parking spaces. Medical specialties will be determined at a later date to meet the needs of the community. The larger Oak Brook Commons development will be built in three phases, encompassing retail, restaurants, office, 72 condominium units, 250 apartment units, a 252-room hotel and a park. The medical office building will be part of Phase I with a completion date expected in 2022. Antunovich Associates is the project architect.

Continue Reading
FacebookTwitterLinkedinEmail
Atlantic-Health-Systems-Bridgewater
HealthcareLee & AssociatesNew JerseyNortheast

Atlantic Health Systems Signs 37,030 SF Healthcare Lease in Bridgewater, New Jersey

by Taylor Williams

BRIDGEWATER, N.J. — Atlantic Health Systems has signed a 37,030-square-foot healthcare lease at Bridgewater Medical Building, a 95,000-square-foot property located at 1125 Route 22 W. in the Northern New Jersey city of Bridgewater. A joint venture between regional developer Atkins Co. and Capital Solutions Inc. acquired the building, which formerly served as the regional headquarters of Bank of America, in 2017. Bryn Cinque and Jim Bailey of Colliers International represented Atlantic Health Systems, which serves approximately 5 million people across 11 counties in New Jersey, in the lease negotiations.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareMidwestMissouri

Montecito Medical Acquires 76,000 SF Medical Office Building in Metro Kansas City

by Kristin Harlow

HARRISONVILLE, MO. — Montecito Medical Real Estate has acquired Rock Haven Medical Mall in Harrisonville, about 35 miles south of Kansas City. The purchase price was undisclosed. The two-story, 76,000-square-foot medical office building is attached to Cass Regional Medical Center and was built in 2011. In addition to Cass, other tenants include Harrisonville Family Medicine, Carondelet Health Cardiology, Cass Regional Orthopedics, Gillen Pharmacy and Fresenius Medical Care.

Continue Reading
FacebookTwitterLinkedinEmail
North-Cypress-Medical-Office-Building
DevelopmentHealthcareTexas

NexCore Group Breaks Ground on 110,374 SF Medical Office Building in Metro Houston

by Taylor Williams

CYPRESS, TEXAS — Denver-based developer NexCore Group has broken ground on North Cypress Physician Office Building III, a 110,374-square-foot medical office building in the northwestern Houston suburb of Cypress. The four-story property will be located at 10425 Huffmeister Road on the HCA Houston Healthcare North Cypress campus. The facility is expected to open to the public in approximately one year.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts