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Feature Story: Insights Awards winners announced
Fourth annual HREI™ awards program recognizes top HRE projects and people What do Pflugerville, Texas; Avon, Colo.; and West Grove, Pa. have in common? How about Irvine, Calif.; Belleville, N.J.; Hamilton, Ohio; and Naples, Fla.? Denver and Dallas? At first glance, the answer might appear to be, “Not much.” But these disparate locations do have […]
2016 HREI Insights Awards Winner: Best New MOB (Less Than 25,000 S.F.)
Austin, Texas-area FED gets its wish Lockard’s development, negotiation expertise smooths project challenges Facility name: Five Star ER Pflugerville Address: 21315 N. SH 130, Unit #4, Pflugerville, TX Client and tenant: Emergency Service Partners LP Product type: Freestanding emergency department Number of stories: One Square footage: 9,960 Site acreage: 1.25 Parking: 39 surface spaces Construction start date: March 2015 Construction complete date: Oct. 29, 2015 […]
2016 HREI Insights Awards Winner: Best Renovated/Repurposed
N.J. renovation raises satisfaction Rendina financed, developed, leases, owns and manages three-building complex Facility name: Clara Maass Medical Center Medical Office Buildings Address, City, State: 36 and 50 Newark Ave. and 5 Franklin Ave., Belleville, N.J. Client: RWJBarnabas Health; multi-tenant, multi-specialty Product type: MOB Number of stories: Three (36 Newark), four (50 Newark) and five […]
2016 HREI Insights Awards Winner: Best New MOB (25,000-49,999 S.F.)
Collaboration keys Colorado project NexCore perseveres against all odds to build much needed MOB near Vail Facility name: Buck Creek Medical Plaza Address, City, State: 50 Buck Creek Road, Avon, CO Client/anchor tenants: Colorado Mountain Medical and Centura Health Product type: MOB and FED/urgent care Number of stories: Three Square footage: 48,300 Site acreage: 2.15 Parking: 168 total spaces (69 surface and […]
2016 HREI Insights Awards Winner: Best Inpatient Facility
Multi-phase expansion meets needs Duke Realty’ orchestrates a four-step development for TriHealth in Cincinnati Facility name: TriHealth Bethesda Butler Address, City, State: 3125 Hamilton-Mason Road, Cincinnati, OH Client: Bethesda Hospital Product type: Acute care hospital Number of stories: Two Square footage: 53,512 (Phase 4) and 90,788 (total) Site acreage: 12.042 Parking: 883 spaces added in […]
2016 HREI Insights Awards Winner: Best Post-Acute/Senior Living
More than a decade in the making Persistent Prevarian hung in there to complete Naples, Fla., senior community Facility name: Beach House Assisted Living and Memory Care Address, City, State: 1000 Airport Pulling Road S., Naples, FL Client/owner: PSL Beach House-Naples LP Product type: Senior living facility Number of stories: Two Number of units: 113 […]
2016 HREI Insights Awards Winner: Best New MOB (50,000-99,999 S.F.)
Philly area MOB beats expectations Anchor Health Properties, Seavest Healthcare Properties develop winning ACC Facility name: Penn Medicine Southern Chester County Address, City, State: 455 Woodview Road, West Grove, PA Client (owner or tenant): Penn Medicine Chester County Hospital Product type: Ambulatory care center Number of stories: Two Square footage: 72,000 Site acreage: 45 Parking: 457 surface spaces Construction start date: April 2014 Construction […]
Transactions: MB Real Estate lands pair of MOBs near Salt Lake City for $12.6M
SALT LAKE CITY – Chicago-based MBRE Healthcare, an affiliate of MB Real Estate, acquired a two-building MOB portfolio in December in Salt Lake City and Ogden, Utah, for $12.6 million, or about $265 PSF, according to RCA.
Transactions: Griffin-American REIT III acquires pair of MOBs in Connecticut for $15.6M
NORWICH, Conn. – Irvine, Calif.-based Griffin-American Healthcare REIT III recently acquired a two-MOB portfolio with a total of 56,265 square feet in Norwich for $15.6 million, or about $277 PSF.
Transactions: Carter Validus REIT II acquires large MOB in Michigan for $43.5 million
GRAND RAPIDS, Mich. – Tampa, Fla.-based Carter Validus Mission Critical REIT II Inc. (CVMC REIT II), non-traded REIT focused on healthcare and data center facilities, recently acquired a four-story, 109,482 square foot MOB in Grand Rapids for $43.5 million, or about $400 PSF, according to data from RCA.
Transactions: Florida investor Triarch pays $21.4M for four-MOB complex north of Miami
PEMBROKE PINES, Fla. – A local real estate investor, Aventura, Fla.-based Triarch Capital, in December 2016 acquired the 91,955 square foot Pembroke Pines Medical outpatient campus for $21.4 million, or about $232 PSF.
Transactions: $35.5M sale in Encino, Calif.
In more news from the healthcare practice with HFF, Los Angeles-based SRG Properties in the fourth quarter (Q4) 2016 acquired Encino Corporate Plaza, a 126,275 square foot MOB, for $35.5 million, or $281 PSF.
Transactions: Carter Validus REIT II pays Welltower $63.6M for rehab facility in Greater Philly
MARLTON, N.J. – In more news from Carter Validus Mission Critical REIT II, the company announced that in December 2016 it acquired the 89,000 square foot Select Medical Rehabilitation Facility in Marlton, N.J., outside of Philadelphia, for about $63.6 million.
Hot Property: San Diego MOB hits the market
Located next Sharp Grossmont, facility provides stability and value-add upside Name: Fletcher Parkway Medical Center Location: La Mesa, Calif. Year built: 1985 Square feet: 82,024 Occupancy: 83 percent Land size: 5.97 acres Parking spaces: 457 Seller: The Abbey Co. Brokerage: HFF Brokers: Evan Kovac, Trent Jemmett and Andrew Milne The area near Sharp Grossmont Hospital […]
Transactions: HTA Inc. acquires MOB for $22 million in Brockton, Mass., south of Boston
BROCKTON, Mass. – Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) in December 2016 acquired a 45,075 square foot MOB in Brockton for $22 million, or $489 PSF, according to RCA data.
