HIGHLAND PARK, ILL. — Chicago-based Reed Illinois Corp., as general contractor, has completed the 15,000-square-foot addition of medical office suites at the Highland Park Ambulatory Care Center located at 757 Park Ave. West. The addition features three medical office suites, multiple physician offices and examination rooms. Tom Schlueter of Reed Illinois oversaw the project, and Eckenhoff Saunders Architects provided the architectural services. The 67,000-square-foot Ambulatory Care Center is positioned on Highland Park Hospital’s main campus.
CORTLANDT MANOR, N.Y. — St. James, N.Y.-based Gyrodyne Company of America has acquired Cortlandt Manor Medical Center, a 29,811-square-foot medical office building located in Cortlandt Manor, for $7 million. The building is situated on 5 acres at 1985 Crompond Rd., adjacent to Hudson Valley Hospital Center. The property is currently 97 percent leased to 13 tenants. Gyrodyne acquired the property from Cortlandt Building Associates at a cap rate of 9.8 percent. M&T Bank provided $5.25 million in financing to assist in the purchase.
ROUND ROCK, TEXAS — Chicago-based Lillibridge has completed Seton Williamson Medical Plaza I, a 120,000-square-foot medical office building located at 301 Seton Pkwy. in Round Rock. Situated adjacent to a hospital owned by Seton Family of Hospitals, the four-story structure is connected to the hospital by a sky bridge located on the second floor. The office building features an integrative health center, a women’s imaging center, outpatient rehab facilities and childcare facilities. A surgery center is also being planned.
DALLAS — Chicago-based BB&T Real Estate Funding has provided $11.45 million in first-mortgage financing for Oakwood Tower and One Lee Park West, two Class B, multi-story office buildings located in the Uptown and Turtle Creek areas of Dallas, respectively. The two properties comprise 118,370 square feet of leasable space. The bridge loan carries a 3-year term with 1 year interest-only, and some levels of amortization in the second and third years. Adam Levinson of Chicago-based Cohen Financial originated the transaction.
HERNDON, VA. — Union Investment Real Estate AG has acquired Woodland Pointe, a Class A office building in Herndon, from Tishman Speyer. The approximately 184,787-square-foot property was completed in January and is leased to Volkswagen of America. The six-story property is situated within Woodland Park, a business park comprising of office space, apartments, restaurants and a hotel.
BALTIMORE — WellDoc Communications plans to relocate their corporate headquarters to the Railway Express Building in Baltimore. The 5,200-square-foot space is located at 1501 St. Paul St. and is currently undergoing a $19 million conversion into a mixed-use development. The finished product will feature 30,000 square feet of office and retail space, and 30 loft apartments. Brad Berzins of NAI KLNB represented the tenant and Lone Azola of O’Connor & Mooney Realtors represented the landlord in the transaction, Railway Express LLC. The technology-based healthcare company was previously located in the Johns Hopkins University Eastern campus.
WAUKEGAN, ILL — Krusinski Construction Co., as general contractor, has completed construction of a two-story office and warehouse facility located at 1951 Norman Dr. in Waukegan for developer Nicolson Porter & List. The 90,635-square-foot building has been leased to Diamond Marketing Services. Located on approximately 5 acres, the facility features eight exterior docks and one drive-in door, a two-story 8,556-square-foot office, and parking for 102 cars. Andrew Johnson served as project manager for Krusinski; Werner Brisske of Deerfield, Ill.-based Partners in Design was the architect.
SEATTLE — Vulcan Inc. has completed the second phase of UW Medicine’s research hub in Seattle’s South Lake Union neighborhood. Located at 815 Mercer St., the second phase consists of a 170,000-square-foot laboratory building and an 86,000-square-foot office building. In an effort to foster greater synergies and collaboration, several research groups are co-locating in the building, including the Institute for Stem Cell and Regenerative Medicine, the Center for Lung Biology, the Diabetes & Obesity Center of Excellence, and a proposed Mitochondria and Metabolism Center run by the Department of Anesthesiology. Perkins+Will provided architectural services for the project; Sellen Construction served as general contractor; Magnusson Klemencic Associates served as structural engineer; Affiliated Engineers NW provided electrical and mechanical engineering services; Coughlin Porter Lundeen served as civil engineer and Gustafson Guthrie Nichol provided landscape architectural services.
GARDEN GROVE, CALIF. — Orange County, Calif.-based Burke Real Estate Group has acquired Cedargrove Business Park in Garden Grove for $10.2 million. Located at 13311 to 13341 Garden Grove Blvd., the four-building park offers 79,926 square feet of space. Mike Hefner and Paul Caputo of Voit Commercial Brokerage’s Anaheim Metro office represented the buyer; John Gates of Central DeAnza LLC represented the seller, Herd Partnership, in the transaction.
CENTURY CITY, CALIF. — Irvine, Calif.-based Snyder Langston has completed the construction of a 34,000-square-foot office building for Fox Studios. Located on the Fox Studios’ lot in Century City, the four-story building was completed on an accelerated time frame to accommodate one of the tenants. Digital Media is occupying the fourth floor of the facility, while Fox will use the first floor for dressing rooms and the second and third floors for post-production operations. Additionally, the property was constructed to meet LEED certification standards. John Wiedner of Gensler Architects provided architectural services for the project.