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.
Inpatient Projects: Piedmont plans $603 million project
Upgrades, facilities would take place at system’s Buckhead campus in Atlanta By John B. Mugford One of Atlanta’s powerhouse hospitals is looking to get even bigger.
