HAMILTON, OHIO — Duke Realty has broken ground on a 10,500-square-foot emergency department in Hamilton, which is north of Cincinnati. The department will be located near an existing inpatient facility on TriHealth's 5-acre campus. Duke Realty and Butler County Surgical Properties, a partnership of physicians employed by TriHealth, will jointly own the property. Bethesda North Hospital has fully leased the building for 15 years. PFB Architects is the architect for the project and Duke Realty is the general contractor. The building is expected to open in 2013.
COLUMBUS — Gladstone Commercial Corp. has purchased a 31,293-square-foot office building in Columbus for $4 million. The building is fully leased to Nationwide Children's Hospital (NCH), one of the largest children's hospital systems in the U.S. The property houses administrative personnel that support NCH's 50 medical locations across Ohio.
OMAHA, NEB. — Northern Tool + Equipment has signed a lease for 15,142 square feet of retail space at 7202 Pacific St. in Omaha. Clay Mote of Venture Commercial represented Northern Tool in the transaction. The landlord, MarVon LLC, was self-represented.
WOODBRIDGE, N.J. — Eisner Amper, an accounting and tax firm, has signed a lease for 87,000 square feet of office space at MetroTop Plaza II in Woodbridge. The company plans to consolidate staff from several New Jersey offices into the 255,000-square-foot building. The lease term is more than 15 years. Paul Giannone, Kevin Carton and Eric Sobel of Cushman & Wakefield represented the owner, Atlantic Realty & Development Corp., in the transaction. David Simson and Mark Weiss of Newmark Grubb Knight Frank represented the tenant.
OAK BROOK, ILL. — Inland Real Estate Acquisitions has acquired a portfolio of nine Walgreens stores in the Northeast for $68.7 million. The purchase includes three stores in New Jersey, two in Connecticut, two in Massachusetts and two in New Hampshire. Each property is leased to a subsidiary of Walgreens Co. under a triple net lease, with a remaining lease term of more than 20 years.
CHELMSFORD, MASS. — Spectro Inc. has signed a six-year lease for 27,911 square feet of office space at 1 Executive Drive in Chelmsford. Spectro supplies oil and fuel analysis instruments to industry and military markets. The company will relocate from its current headquarters in Littleton, Mass., this summer. Stephen James and David Gilkie of NAI Hunneman represented the tenant in the transaction. Matt Adams of Cushman & Wakefield represented the landlord, RREEF.
HELOTES — Satterfield & Pontikes Construction (S&P) has commenced construction on a 159,000-square-foot, $9.9 million Walmart, located on an 18-acre site at the intersection of Leslie and Bandera roads in Helotes, near San Antonio. Scott & Goble are providing design and architectural services for the store, which will include a brown limestone exterior and metal roof canopies. The store is slated to open early next year.
OKLAHOMA CITY — Carter Validus Mission Critical REIT has purchased the 35,000-square-foot HPI Integrated Medical Facility, located in Oklahoma City, for $9.27 million. The property is fully leased to Healthcare Partners Investments (HPI).
HOUSTON — Frontier Equity has acquired the 286,000-square-foot Kirkwood Tower III, a 15-story, Class A office building located in Houston's Energy Corridor. Frontier purchased the property in a partnership with Amstar Advisers. The property is currently 72 percent leased, and PM Realty Group is handling the office building's leasing activity. HFF assisted Frontier Equity in securing acquisition financing, and Holt Lunsford Commercial will manage the property.
HOUSTON — Lowe Enterprises Investors (LEI) has purchased the 314-room Hotel Derek, an independent, 14-story boutique hotel located at 2525 W. Loop S. in Houston's Galleria submarket. LEI purchased the hotel on behalf of a joint venture the firm formed last year with The Guardian Life Insurance Co. Destination Hotels & Resorts, an LEI affiliate, will take over the hotel's management. LEI plans to invest $4.5 million to revamp the guest rooms and common areas, as well as update the hotel's technology. The hotel features a business center, fitness center, a 4,800-square-foot ballroom, an outdoor pool and the Valentino Restaurant and Vin Bar. LEI was self-represented in the transaction. Eastdil Secured represented the seller, and Wells Fargo provided debt financing.