Transactions: Seavest buys Virginia MOB’s twin
Private investor acquires its second building on Fair Oaks campus in Fairfax, Va. By John B. Mugford As part of its ongoing strategy of acquiring medical properties to which it can add value, White Plains, N.Y.-based Seavest Healthcare Properties LLC recently acquired another medical office building (MOB) on the campus of the 182-bed Inova Fair […]
Hot Property: Portfolio totals 187,326 square feet
Newly constructed facilities are in Fort Worth, Houston, Austin and Pittsburgh Name: IRA Medical Portfolio Number of buildings: 5 Locations: Texas, Pennsylvania Total square footage: 187,326 Occupancy: 100% Avg. remaining lease term: 8.4 years Seller: IRA Capital Brokerage: HFF Group: National Medical Office Advisors Brokers: Philip Mahler, Evan Kovac Even though demand continues to run […]
Transactions: HR lands MOB with off-market offer
Publicly traded REIT acquires on-campus MOB in Leesburg, Va., for $42.25M By John B. Mugford Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR), a publicly traded real estate investment trust (REIT) that focuses mostly on medical office buildings (MOBs), recently found a property in Leesburg, Va., that wasn’t necessarily on the market.
Transactions: America pays $525 PSF for fully occupied MOB in Dedham, Mass.
DEDHAM Mass. – New York-based RREEF Property Trust Inc., a non-listed REIT sponsored by RREEF America LLC, recently acquired a 66,000 square foot MOB in Dedham, about 20 miles southwest of downtown Boston.
Transactions: Tempe, Ariz., investor acquires 10-story, 92,000 square foot MOB in downtown Indianapolis
INDIANAPOLIS – Tempe, Ariz.-based SANTÉ Realty Investments in recent months closed on the acquisition of the 10-story, 92,000 square foot Meridian Medical Building at 3266 N. Meridian St. in downtown Indianapolis.
Transactions: Miller Investment acquires MOB occupied by Children’s Hospital of Philadelphia
PHILADELPHIA – West Conshohocken, Pa.-based Miller Investment Management recently acquired a 74,348 square foot MOB that is fully occupied by Children’s Hospital of Philadelphia (CHOP) for $25.5 million, or $343 PSF, according to data from RCA Inc.
Outpatient Projects: Simone Development nearing completion of $35M Yonkers, N.Y., mixed-use development
YONKERS, N.Y. – Simone Development Companies is moving toward an early 2017 completion of its $35 million, three-building, 85,000 square foot Boyce Thompson Center in Yonkers.
Outpatient Projects: Orange Regional Medical Center in Middletown, N.Y., opens $99 million outpatient complex
MIDDLETOWN. N.Y. – Orange Regional Medical Center has opened its new five-story, 153,000 square foot MOB and the 26,000 square foot Spagnoli Family Cancer Center on its main campus in Middletown, about 70 miles north of Manhattan, N.Y.
Outpatient Projects: USDA loan to fund new 62,000 square foot MOB at Critical Access Hospital in Wauseon, Ohio
WAUSEON, Ohio – The Fulton County Health Center in Wauseon, about 40 miles southwest of Toledo, recently received a $54.6 million loan from the U.S. Department of Agriculture (USDA), the Toledo Blade newspaper reported.
Outpatient Projects: Scripps Health shares plans for three-story, 85,000 square foot MOB in Oceanside, Calif.
OCEANSIDE, Calif. – In February 2014, it was reported by local news media that San Diego-based Scripps Health had purchased the 4.4-acre site of a former car dealership in Oceanside for about $6.5 million.
Outpatient Projects: Virginia Urology to get new MOB, HQ in the Stony Point area of Richmond, Va.
RICHMOND, Va. – Virginia Urology has offered services at an MOB in the Stony Point area of Richmond since 2003.
Outpatient Projects: Whelan Associates completes new MOB in three-building medical park in Easton, Mass.
EASTON, Mass. – New Bedford, Mass.-based Whelan Associates LLC, which has developed a number of medical and commercial projects in Massachusetts, recently completed Three Washington Place, a 26,000 square foot, two-story MOB on Route 138 in Easton, about 30 miles south of Boston.
Outpatient Projects: Duke Realty to develop second MOB on future UNC REX Healthcare hospital campus in N.C.
HOLLY SPRINGS, N.C. – Indianapolis-based Duke Realty (NYSE: DRE) is continuing its relationship with Raleigh, N.C.-based UNC REX Healthcare with plans for a big expansion of its medical office space in Holly Springs, a city of 25,000 or so residents southeast of Raleigh.
Inpatient Projects: Nebraska city could get second hospital in future mixed-use development
GRAND ISLAND, Neb. – The Grand Island City Council recently rezoned 100 acres and authorized $28.7 million of tax increment financing (TIF) for the development of a mixed-use project that could be home to the city’s second hospital.
Inpatient Projects: Hospital in Nantucket, Mass., is moving forward with $89 million replacement
NANTUCKET, Mass. – Nantucket Cottage Hospital gained the unanimous approval of the Massachusetts Public Health Council on Sept. 13 for its proposed $89 million replacement facility.