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The two-story, 62,297 square foot FMH Crestwood medical office building in Frederick, Md., is 100 percent occupied by the area’s dominant hospital, Frederick Memorial. The property is being marketed by JLL’s Healthcare Capital Markets team. Photo courtesy of JLL

Hot Property: MOB houses this market’s leader

Facility is fully occupied by Maryland county’s only hospital, Frederick Memorial Name: FMH Crestwood Address: 7211 Bank Court City: Frederick, Md. Total leasable square feet: 62,297 Number of floors: 2 Number of tenants: 1 Occupancy: 100% Year built: 2010 Lease terms: 10, 14 years Lot size: 5.16 acres Parking ratio: 5/1,000 square feet Seller: Original […]

Transactions: Montecito Medical acquires MOB in Kingston, Tenn., in a $55.9 million sale-leaseback

KINGSPORT, Tenn. – Brentwood, Tenn.-based Montecito Medical recently acquired a large, fully occupied MOB in Kingsport, in the far northeastern part of the state, in a sale-leaseback transaction.

Transactions: More Healthcare Real Estate Transaction News

HSA PrimeCare, the healthcare real estate division of Chicago-based HSA Commercial Real Estate, recently acquired Elizabeth Park South Medical Center, a 42,040 square foot MOB at 70th Street and Pioneers Boulevard in Lincoln, Neb. HSA did not disclose the price, but county records indicate that it was about $8.8 million. The facility is occupied by […]

Bethesda, Md.-based Global Medical REIT recently acquired the five-story, 75,899 square foot Marina Towers medical building in Melbourne, Fla., which is anchored by First Choice offices and a medical center. Photo courtesy of First Choice Healthcare Solutions

Transactions: Global Medical REIT making inroads

Founded in 2014, HRE buyer is focused on American and international markets By John B. Mugford A relative newcomer to the healthcare real estate (HRE) space – a publicly traded real estate investment trust (REIT) that says it looks to acquire “healthcare providers’ core real estate assets worldwide” – recently made another purchase in the […]

Transactions: Harrison Street acquires Chicago MOB for $31.4M from MedProperties Group

CHICAGO – Harrison Street Real Estate Capital LLC has been quite busy lately, as it recently completed the $1.9 billion acquisition of Campus Crest Communities Inc. (NYSE: CCG).

Transactions: HFF brokers sale of MOB near New Orleans; closes others as well

GRETNA, La. – The Feil Organization, an investment, development and management firm based in New York City, recently acquired the Meadowcrest Professional Building on the campus of the 180-bed Ochsner Medical Center – West Bank Campus in Gretna, La.

Outpatient Projects: Former Lockheed Martin office building to be converted to medical use in Cherry Hill, N.J.

Outpatient Projects: Former Lockheed Martin office building to be converted to medical use in Cherry Hill, N.J.

CHERRY HILL, N.J – Camden, N.J.-based Cooper University Health Care recently announced plans to repurpose a former office building into an outpatient medical facility in Cherry Hill, a suburb of Philadelphia.

Outpatient Projects: New York developer plans to add medical space as part of redevelopment in Queens

Outpatient Projects: New York developer plans to add medical space as part of redevelopment in Queens

QUEENS, N.Y. – New York-based RJ Capital Holdings has plans for medical office space to be a component of a redevelopment project it’s planning in Queens.

Outpatient Projects: Healthcare developer Irgens moving forward on MOB at restaurant site in Brookfield, Wis.

Outpatient Projects: Healthcare developer Irgens moving forward on MOB at restaurant site in Brookfield, Wis.

BROOKFIELD, Wis. – Milwaukee-based Irgens is developing a one-story, 23,600 square foot MOB in Brookfield, outside of Milwaukee, and will have Froedtert & the Medical College of Wisconsin as the anchor tenant.

Outpatient Projects: Construction underway on $30 million outpatient center for Sutter Health in Tracy, Calif.

Outpatient Projects: Construction underway on $30 million outpatient center for Sutter Health in Tracy, Calif.

TRACY, Calif. – In a move to consolidate services from three locations, Sacramento, Calif.-based Sutter Gould Medical Foundation recently broke ground on a $30 million outpatient facility in Tracy, about an hour east of Oakland, Calif.

Duke Realty is developing and will own the 80,000 square foot Centegra Health Medical Office Building (MOB) in Huntley, Ill. The facility, slated for completion in February 2017, is being built on the campus of Centegra Health’s new campus in the city. Rendering courtesy of Duke Realty

Outpatient Projects: Duke starts MOB on new Ill. campus

REIT’s 80,000 square foot facility sees strong demand in growing Huntley By John B. Mugford In a Q&A with Healthcare Real Estate Insights™ in late 2015, Duke Realty’s Keith Konkoli, who leads the large healthcare division, said the company’s pipeline of projects was “as strong as (it’s) ever been.”

Outpatient Projects: Anchor Health Properties looks to build MOB in Palmer Township, Pa., in the Lehigh Valley area

Outpatient Projects: Anchor Health Properties looks to build MOB in Palmer Township, Pa., in the Lehigh Valley area

PALMER TOWNSHIP, Pa. – According to local news reports, Wilmington, Del.-based Anchor Health Properties, a longtime developer of medical facilities, recently proposed a two-story, 57,000 square foot MOB complex in Palmer Township, which is in the heart of the Lehigh Valley about 75 miles north of Philadelphia and 15 miles east of Allentown.

Outpatient Projects: Westchester, N.Y., system plans $230 million, 279,861 ambulatory care pavilion

Outpatient Projects: Westchester, N.Y., system plans $230 million, 279,861 ambulatory care pavilion

VALHALLA, N.Y. — The largest healthcare project in Westchester County, N.Y., since 1977 is set to begin in June.

Inpatient Projects: Memorial Hermann Katy Hospital opens the tallest n tilt-wall hospital structure in the country

Inpatient Projects: Memorial Hermann Katy Hospital opens the tallest n tilt-wall hospital structure in the country

KATY, Texas – Memorial Hermann Katy Hospital, part of Houston-based Memorial Hermann Health System, recently opened a new 232,700 square foot patient bed tower that is believed to be the tallest hospital structure in the country to use tilt-wall construction.

A new $485 million campus on the outskirts of Rockford, Ill., will include a hotel and retail space on adjacent parcels,.
Rendering courtesy of MercyRockford Health System

Inpatient Projects: All systems ‘go’ in Rockford, Ill.

New $485 million campus is the result of a merger of two area systems By John B. Mugford Plenty of planning and negotiating has paved the way for Mercy-Rockford Health System to proceed with its planned $485 million hospital campus on the outskirts of Rockford, Ill., a project that the new health system believes will […]