Sunday, August 16, 2026
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HealthcareMidwest

NEW $125M SUBURBAN CHICAGO CHILDREN’S HOSPITAL NOW OPEN

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HOFFMAN ESTATES, ILL. — Alexian Brothers Health System has opened a $125 million children's hospital in Hoffman Estates, a suburb of Chicago. The 126-bed hospital, on the campus of St. Alexius Medical Center, offers a wide range of services, including neurosurgery, private maternity suites, 38 labor and delivery rooms and a 16-bed neonatal intensive care unit. The 210,000-square-foot facility is also home for The Center for Pediatric Brain, the first center of its kind in the country, where pediatric neurologists provide services such as epilepsy treatment, concussion recovery and neuropsychological and developmental evaluations for children. The hospital is located at 155 E. Barrington Road.

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MidwestOffice

NATIONWIDE REALTY OPENS $37M OFFICE BUILDING IN COLUMBUS, OHIO

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COLUMBUS, OHIO — Nationwide Realty Investors has opened a $37 million office building in Columbus. The five-story, 200,000-square-foot property is located on the corner of Nationwide Boulevard and North Front Street in the Arena District, an entertainment-focus district in downtown Columbus. The building is adjacent to the 1.7 million-square-foot Columbus Convention Center and the 532-room Hilton hotel. Associates from Nationwide Financial’s retirement plans business occupy the new building.

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HealthcareMidwest

JOHNSON DEVELOPMENT TO BUILD VA OUTPATIENT CLINIC IN FORT WAYNE, IND.

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FORT WAYNE, IND. — Johnson Development has plans to redevelop a 34,000-square-foot building into a U.S. Department of Veterans Affairs (VA) outpatient facility at Parkview Hospital’s Randallia campus in Fort Wayne. The clinic, which will provide outpatient healthcare services for veterans across northern Indiana, is slated for completion in March 2014. Birmingham, Ala.-based Johnson Development is the project developer and will manage the property for the owner, Parkview Hospital.

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NortheastSeniors Housing

TRYKO PARTNERS ACQUIRES SKILLED NURSING FACILITY IN EASTON, PA. FOR $6.3M

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EASTON, PA. — Tryko Partners LLC has acquired New Eastwood Care & Rehabilitation Center, a skilled nursing facility, for $6.3 million. Located at 2125 Fairview Ave. in Easton, about 15 miles east of Allentown, the two-story nursing home includes 97 beds. Tryko Partners plans to renovate and upgrade New Eastwood’s therapy gym, rehabilitation rooms and common areas. The firm will also complete cosmetic upgrades in patient rooms. Chicago-based The Private Bank provided financing to Tryko Partners for the New Eastwood acquisition. The New Eastwood purchase marks Tryko Partners’ continued expansion and investment emphasis in the skilled nursing sector. The company currently owns or manages more than 1,500 skilled nursing beds.

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NortheastOffice

FEIL ORGANIZATION COMPLETES $5M RENOVATIONS OF TWO NYC OFFICES

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NEW YORK CITY — The Feil Organzation has invested more than $5 million in renovations to a major lobby and entryway renovation at 7 Penn Plaza and lobby renovation at 488 Madison Ave. in New York City. Built in 1921, 7 Penn Plaza is an 18-story office building, which now features a grand entryway with a 16-foot entrance, modern reception desk, granite finishes, modernized elevators and updated corridors and restrooms. Built in 1949, 488 Madison Avenue is a 23-story office building. The renovation of the 447,000-square-foot building includes a new lobby with gray limestone, elevators framed with satin-finished stainless steel, and eco-friendly LED lighting. The Feil Organization owns and manages the two properties. Goldstein, Hill & West Architects LLP was the architect for this project.

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NortheastOffice

ASHLAND SIGNS 198,000 SF LEASE IN BRIDGEWATER, N.J.

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BRIDGEWATER, N.J. —Ashland Inc. has signed a lease for 198,000 square feet of laboratory and office space at a facility in Bridgewater, about 37 miles west of New York City. Ashland will relocate its specialty ingredients unit from Wayne to the new building, located at 10141 Route 202-206 in the New Jersey Center of Excellence complex. Headquartered in Covington, Ky., Ashland provides specialty chemicals, technologies and insights to help its customers create new and improved products and sustainable solutions. John Cunningham, Bryn Cinque and James Bailey of Colliers International represented Ashland in the transaction. Dan Loughlin and Bob Ryan of Jones Lang LaSalle and Jeff Zell and Marc Sobel of JM Zell Partners represented the landlord, Sanofi.

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MultifamilyNortheast

GFI ARRANGES SALE OF FLATBUSH APARTMENT BUILDING IN NYC FOR $2.6M

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NEW YORK CITY — GFI Realty Services Inc. has arranged the sale of 3506 Newkirk Ave. in Brooklyn’s Flatbush neighborhood for $2.6 million. The four-story apartment building includes 29 units and spans 26,126 square feet. The multifamily property was built in 1931. Joseph Landau of GFI Realty Service represented the seller, a local investor, and the buyer, also a local investor, in the transaction.

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NortheastOffice

CBRE ARRANGES 10-YEAR, 9,000 SF LEASE IN NORWALK, CONN.

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NORWALK, CONN. — CBRE Group Inc. has arranged a 10-year, 9,000-square-foot lease for Family & Children’s Agency in Norwalk. The nonprofit human service organization is relocating from a nearby 6,000-square-foot property. David Anspach owns the freestanding property, located at 140 Water St. David Block and Barbara Segalini-Stilley of CBRE negotiated the long-term lease on behalf of Family & Children’s Agency, while Wilton-based Silver Pine Real Estate represented Anspach. Family & Children’s Agency, a human services firm, provides strength-based, solution-focused services that respond to the individual needs of children and families, youth, adults and seniors.

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MultifamilyTexas

LUXURY HIGH-RISE APTS. COMING TO HOUSTON CBD

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HOUSTON — Denver-based Simpson Housing Novare Group, Batson-Cook Development Co. and Houston-based developer Peter W. Dienna have closed on the land purchase and financing for SkyHouse Houston, a luxury high-rise apartment community. The 24-story, 336-unit community will take up an entire city block at 1625 Main St. in Houston's Central Business District. JPMorgan Chase Bank is providing construction financing, and Simpson Housing, NGI Investments and Batson-Cook are providing equity. Robert LaChappelle, Jonathan Rice and Paul Berry of CBRE arranged the financing. David Cook and Jeff Peden of Cushman & Wakefield brokered the land sale. The City of Houston awarded the project a $15,000-per-bed tax abatement. The construction of the high-rise will bring about 500 jobs to the area. The building is expected to be Energy Star-rated and will feature views, high-end finishes and a “SkyHouse” on the top floor, which will include a fitness center, pool, grilling area and clubroom. Smallwood, Reynolds, Stewart, Stewart will provide architectural services for the project.

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Mixed-UseTexas

CBRE BROKERS SALE OF WEST END CENTER IN AUSTIN

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AUSTIN, TEXAS — CBRE has arranged the sale of the 50,132-square-foot West End Center, a mixed-use retail and office project located at 1214 W. 6th St. in Austin. The two-story development is 94 percent leased to Julian Gold, ArtWorks Gallery and House + Earth. Walter Saad and Cathy Nabours of CBRE's Private Capital Group, along with Eric DeJernett and Bryan McMurrey of the firm's Retail Service Group, represented the seller, Whit Hanks Properties, in the transaction. AWS Village Inc. purchased West End Center, which will be renamed West Side Village. Dallas-based Cheng Investments will handle the property's leasing and CBRE will handle property management.

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