Feature Story: Kaiser Permanente’s retail strategy
America’s largest MOB owner explains what it looks for in a retail location By John B. Mugford Plenty of health systems and physician practices these days are setting up shop in retrofitted spaces in retail centers, including large shopping malls. But how does this get done, what malls make the best locations for such spaces, […]
Transactions: HTA enters Chicago market
REIT pays $40 million for 8 floors of tower across from Northwestern Memorial By John B. Mugford Aside from Welltower Inc.’s (NYSE: WELL) $1.25 billion purchase of 55 medical office buildings (MOBs) from CNL Healthcare Properties on May 15, there has been a bit of a dearth of large healthcare real estate (HRE) deals in […]
News Release: Adena Health System $83,270,000 Financing (Series 2019)
Cain Brothers is pleased to announce Adena Health System $83,270,000 Financing (Series 2019) June 25, 2019 Cain Brothers served as the Sole Manager in the public issuance of $83,270,000 of fixed rate revenue bonds on behalf of Adena Health System (“Adena”). Adena is a not-for-profit, three-hospital system headquartered in Chillicothe, Ohio. The System includes a […]
News Release: Capital Square 1031 Takes Medical Office Building DST Full Cycle, Resulting in Nearly 190 Percent Return on Equity in Five Years*
Sale marks the sixth DST offering Capital Square has taken full cycle in 12 months NEW YORK (June 25, 2019) – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust (DST) offerings, announced today the sale of an approximately 18,000-square-foot medical office building in the New York hamlet […]
News Release: Just Closed – Towne Lake Overlook
JUST CLOSED TOWNE LAKE OVERLOOK Woodstock, Georgia Sale Date: 6/18/2019 Property Size: 52,297 SF Occupancy: 85% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of Towne Lake Overlook (the “Property”), located in Woodstock, Georgia. Lee Asher, Chris Bodnar, Shane Seitz, Sabrina Solomiany and Ryan Lindsley acted as the seller’s exclusive advisors. The […]
News Release: 3367 S. Mercy Road, Gilbert, AZ – Just Sold
JLL Sold! Spectrum Medical Commons 3367 South Mercy Road Gilbert, AZ 85297 $17,750,000 43,354 square feet $409.42/SF Buyer: Hammes Partners Seller: Irgens Brian Ackerman | +1 602 282 6247 | brian.ackerman@jll.com
News Release: Just Closed – Pasadena Retail & Medical Center | Sold All Cash Above List Price
Just Closed Multi-Tenant Medical/Retail Investment 777 S. Arroyo Pkwy Pasadena, CA Closing Highlights PURCHASE PRICE: $5,175,000 OM DOWNLOADS: 150+ TOTAL GLA: 8,050 SF TRAFFIC COUNTS: 40,000 CPD All Cash International Buyer Sold Over $450K Above List Price Procured 15 Offers First Two Weeks of Marketing – Competitive Bidding Process Excellent Freeway Adjacent Location, Located Along Historic Route 66 National […]
News Release: Just Closed – Center for Minimally Invasive Surgery
JUST CLOSED CENTER FOR MINIMALLY INVASIVE SURGERY Mokena, Illinois Sale Date: 6/13/2019 Property Size: 28,834 SF Sale Price: $19.25M Price Per SF: $685 % Leased: 100% CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Center for Minimally Invasive Surgery (the “Property”), located in Mokena, Illinois, an affluent village located approximately 30 miles […]
News Release: Bristol Health and Rendina Celebrate Grand Opening of Downtown Medical Care Center
FOR IMMEDIATE RELEASE BRISTOL, Conn., June 19, 2019 – City officials, staff from Bristol Health and representatives from Rendina Healthcare Real Estate gathered to celebrate the grand opening of Bristol Health’s new Medical Care Center (MCC), a 62,000-square-foot healthcare facility that will expand critical health services for the Bristol community. As a pioneer project in […]
Feature Story: Northwestern Memorial flips the script
Adding healthcare to retail areas is big trend. But what about adding retail to healthcare? By John B. Mugford The “retailization” of healthcare is a well-documented, recent and successful trend in the country’s medical delivery model. But what about the “healthcare-ization” of retail? Northwestern Memorial HealthCare, a 10-hospital system in Greater Chicago, has flipped the […]
News Release: HSA PrimeCare Breaks Ground on 40,000 SF Medical Office Building on Silver Cross Hospital Campus in New Lenox, Ill.
FOR IMMEDIATE RELEASE: CHICAGO (June 18, 2019) — HSA PrimeCare, the national healthcare real estate division of Chicago-based HSA Commercial Real Estate, last week broke ground on a 40,000-square-foot medical office pavilion on Silver Cross Hospital’s campus in New Lenox, Ill., immediately west of the I-355/I-80 interchange. Scheduled for completion in December 2019, the state-of-the-art […]
News Release: Tampa General Hospital leases space in new USF Health Morsani College of Medicine building in downtown Tampa
Tampa General Hospital leases space in new USF Health Morsani College of Medicine building in downtown Tampa, offering stronger ties to help advance academics, patient care and research TAMPA, Fla. (Jun 18, 2019) — Tampa General Hospital is leasing up to 25,000 square feet of space in the new USF Health Morsani College of Medicine and […]
News Release: Mooresville Ambulatory Surgery Center and Medical Office Building
Mooresville Ambulatory Surgery Center and Medical Office Building Mooresville, NC Estimated Completion: TBD ABOUT THE PROJECT Edifice is teaming with Davis Stokes Collaborative, Community Health System and Nest Homes to design and build a new three-story, 31,000sf Ambulatory Surgery Center and Medical Office Building. The new building will support a new operating suite with provisions […]
News Release: Ridgeline Capital Partners Sells Fort Worth Medical Office Building
FOR IMMEDIATE RELEASE June 18, 2019 Dallas, Texas – Ridgeline Capital Partners (“Ridgeline”), a private real estate investment firm, has sold Magnolia Medical Tower, an 89,990 square foot medical office building located in the Fort Worth Medical District. HR Acquisition of San Antonio, Ltd. purchased the property for an undisclosed price. Ridgeline purchased the property in 2016 […]
News Release: Atkins Companies Negotiates Two Lease Expansions at Medford Medical Office Building in Medford, N.J.
For Immediate Release Premier Medical Office Building Experiences High Levels of Tenant Retention and Expansion Following Successful Repositioning Medford, N.J. (June 17, 2019) – Atkins Companies, a leading multigenerational commercial real estate development, investment, and property management firm, has negotiated two lease expansions at its Medford Medical Office Building located at 103 Old Marlton Pike […]
