CHICAGO — The temporary conversion of a portion of Chicago’s McCormick Place Convention Center into an alternate care facility for COVID-19 patients is expected to be complete by Friday, April 24. Walsh Construction, the contractor for the project, completed the first 500 beds earlier this month. The facility will have the capacity to treat up to 3,000 low-to-moderate acuity patients across three of the convention center’s halls. Patients will be separated by the level of care required. The Metropolitan Pier and Exposition Authority and the U.S. Army Corps of Engineers are directing the conversion of the temporary field hospital. The project is designed to relieve pressure on the city’s hospital system by freeing up beds for more patients with severe COVID-19 cases in anticipation of a surge in positive diagnoses. Stantec provided design and engineering services for the project.
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AURORA, ILL. — Sonova, a provider of hearing care solutions, has signed a 63,647-square-foot office lease at 750 North Commons Drive in Aurora. Stanton Road Capital owns the 205,000-square-foot, two-building property, which is flexible for both office and industrial users. Stanton purchased the property in 2018 and is currently implementing a repositioning plan with modern amenities. It is currently 85 percent leased. Francis Prock, Dave Florent and Brian Kling of Colliers brokered the lease transaction. In mid-June, Sonova will consolidate three of its existing operations — two from Illinois and one from Minnesota — at the new location.
FLORISSANT, MO. — Tarlton Corp. has completed the conversion of a Quality Inn hotel in Florissant into the state’s first alternate care facility to treat non-acute COVID-19 patients. The facility, if needed, will serve as backup for patients referred by St. Louis-area hospitals. Members of the Missouri National Guard will staff the facility. Tarlton worked with the U.S. Army Corps of Engineers on the project, as well as Ross & Baruzzini, Rock Hill Mechanical Corp. and Guarantee Electrical Co. The 4.5-day project yielded more than 100 patient rooms on the four floors of the 130-room hotel. The team built a nurse’s station on each floor and turned the existing phone system into a nurse call system. The project assignment came just hours after Tarlton President Tracy Hart and COO Dirk Elsperman lost their father, Bob Elsperman, to COVID-19. Bob Elsperman led Tarlton from 1972 to1999. He was admitted to a St. Louis-area hospital on March 30 and died eight days later at the age of 83.
MILWAUKEE — North Shore Healthcare (NSHC) has signed a 10-year office lease at HUB640, a redeveloped mixed-use building located at 640 N. 4th St. in Milwaukee. NSHC will occupy approximately 23,000 square feet on the building’s second floor. The move will enable NSHC to consolidate its fast-growing workforce. Dan Jessup and Nick Hepner of JLL represented the landlord, North Wells Capital LLC, in the lease transaction. Colliers International represented NSHC. North Wells Capital acquired the building in 2017 and has embarked on a major transformation of the property, which dates back to the late 1800s. The project is set to open late this spring.
PHOENIX — El Segundo, Calif.-based Landmark Dividend, an owner and developer of real property interests and digital infrastructures, has purchased a data center campus in Phoenix. According to local media outlets, PayPal sold the asset for $122 million. Acquisition of the 184,000-square-foot, 16-megawatt (MW) enterprise data center campus adds to Landmark’s expansion into offering a move-in-ready data center platform. The purchase is the company’s 16th data center asset acquisition in the last 18 months. The campus consists of three data center buildings, along with an office area designed to Tier IV standards. At the time of acquisition, tech-base financial services company PayPal occupied more than 50 percent of the campus on a long-term basis. Constructed between 2010 and 2014, the campus has roof capacity loads of up to 1.4 million pounds. The facility is fortified with a storage warehouse designed for Tier IV compliance, and offers full redundancy across its entire infrastructure, providing access to more than 10 carrier networks on-site. Landmark has retained JLL Phoenix’s Data Center Solutions team as leasing manager for the campus.
PASADENA, CALIF. — Marcus & Millichap Capital Corp. (MMCC), the financing subsidiary of Marcus & Millichap, has secured a $34.5 million construction loan for a 48-unit condominium development in Pasadena. Stefen Chraghchian and Sharone Sabar of MMCC’s Encino, Calif., office arranged the loan for the undisclosed developer of the property. The 30-month loan was structured with a 5 percent adjustable interest rate and 40 percent loan-to-value ratio. Slated for completion in 2021, the six-story project will total 62,075 square feet, with the for-sale residential units averaging 1,243 square feet each. The property will also feature an amenity deck with a swimming pool, hot tub and outdoor entertainment area.
PHOENIX — San Diego-based Westcore has purchased an industrial warehouse property located in Phoenix for $12.4 million in a sale-leaseback transaction. Dreamfoam Bedding, doing business as Brooklyn Bedding, occupies the facility and will lease it back from Westcore for a short period of time. Located at 4455 W. Camelback Road in Phoenix’s Southwest Valley submarket, the property features 148,689 square feet of Class A industrial warehouse space. Phil Haenel, Andy Markham, Mike Haenel and Will Strong of Cushman & Wakefield represented the buyer, while Scott Backes and Rose Arck of Brydant Real Estate represented the buyer in the deal.
Neville & Butler Commercial Negotiates Sale of 47,000 SF Former Toys R Us in Salem, Oregon
by Amy Works
SALEM, ORE. — Neville & Butler Commercial Real Estate has brokered the sale of a retail building located in Salem. Raider Hill Advisors sold the asset for an undisclosed price. Located at 1200 Lancaster Drive NE, the former Toys R Us property features 47,000 square feet of retail space. Steven Neville and Natalie Butler of Neville & Butler Commercial Real Estate represented the seller in the deal. The name of the buyer was not released.
KENNEWICK, WASH. — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 36-unit assisted living community in Kennewick, located near the Oregon border in the eastern half of the state. The property was over 90 percent occupied at the time of sale, though it has struggled in recent years due to key leadership turnover, according to Blueprint. For this reason, it was still marketed as a value-add opportunity. The buyer was well capitalized and local, and this is the company’s fourth acquisition in Washington. The seller and price were not disclosed.
WASHINGTON, D.C. — Hines, Urban Atlantic and Triden Development Group, along with joint venture partner Bridge Investment Group, have purchased 1.5 acres at The Parks at Walter Reed in Washington, D.C. to develop The Hartley. Whole Foods Market will anchor the luxury apartment project. Of The Hartley’s 323 units, 32 will be designated as affordable. The Hartley will also include 58,000 square feet of retail space. It is considered the focal point of Town Center, which will feature 100,000 square feet of dining, shopping and entertainment around an active plaza fronting Georgia Avenue. The project is part of the master plan for the redevelopment of the former Walter Reed Army Medical Center. Once complete, The Parks at Walter Reed will include more than 3.1 million square feet of new construction and adaptive reuse of existing structures. The 66-acre project will include a mix of green space, 130,000 square feet of retail, approximately 2,100 residential units, office space, ambulatory care by Howard University and two foreign language charter schools. The Hartley will be the third phase of construction at The Parks at Walter Reed. Previous projects were The Brooks, an 89-unit condo development, and The Vale, a 301-unit apartment project currently …