Hot Property: An ‘uber-core’ offering in Chicago
The mixed-use property with 42% medical space is in city’s hottest market Name: Blackhawk on Halsted Address: 1460 North Halsted St. City: Chicago Number of structures: 3 Year completed: 2009 Total leasable space: 224,204 s.f. Medical space: 93,287 square feet Parking spaces: 534 Land area: 2.04 acres Occupancy: 100% Avg. remaining lease: 12.8 years Seller: […]
Transactions: Healthcare Realty Trust acquires two floors of Seattle MOB for $28M
SEATTLE – Nashville, Tenn.-based Healthcare Realty Trust Inc. (NYSE: HR) recently acquired the top two floors of the Swedish Orthopedic Institute, an 11-story facility on the campus of Seattle-based Swedish’s First Hill campus.
Transactions: Hammes Partners II buys orthopedic group facility in Mobile, Ala. for $23.3 million
MOBILE, Ala. – In a sale-leaseback transaction, Milwaukee-based Hammes Co. and its Hammes Partners II fund recently acquired a single-tenant, fully occupied medical building in Mobile.
Transactions: Two-story, 57,000 square foot MOB in Vestal, N.Y., trades for $22 million, or $386 PSF
VESTAL, N.Y. – A limited liability company (LLC) recently paid $22 million for the Vestal Medical building in Vestal, a city of about 30,000 people along the Susquehanna River in the Southern Tier region of New York.
Transactions: ProMed sells its last property
The Carlyle Group pays $48 million for a three-story medical condo in New York By John B. Mugford The last medical office property remaining in the portfolio of New York-based ProMed Properties, which once owned 16 healthcare buildings with about 1.48 million square feet of space, recently changed hands.
Transactions: More Healthcare Real Estate Transactions
The Sanders Trust (TST) recently acquired Tower Pointe Medical Center, a 42,000 square foot MOB in Greenwood, S.C., for $8.4 million, or $200 PSF. Tower Pointe, 105 Vine Crest Court, is a freestanding, multi-tenant outpatient facility that provides family practice, neurology, pediatrics, occupational medicine and diagnostic imaging, among others. The MOB is 100 percent leased, […]
Transactions: Stage Equity Partners buys single-story, 37,000 square foot MOB outside of Dallas
CARROLLTON, Texas – Chicago-based HRE investment company Stage Equity Partners LLC recently acquired a 37,000 square foot multi-tenant MOB in Carrollton, a north Dallas suburb.
Transactions: ARC Healthcare Trust III buys MOBs in Minnesota, Illinois and Georgia
WOODBURY, Minn. – New York-based ARC Healthcare Trust III Inc. recently went shopping in the suburbs of St. Paul, Minn., and landed a 36,375 square foot MOB for $14.9 million, or $410 PSF.
Outpatient Projects: Meeting demand in Texas town
Duke Realty facility is being developed on a Baylor Scott & White campus By John B. Mugford According to the U.S. Census Bureau, McKinney, Texas, about 35 miles north of Dallas, remained a somewhat small town right up until the mid-1990s. Starting with the new millennium, however, historic McKinney started booming, ranking as the country’s […]
Outpatient Projects: Baylor, St. Luke’s planning $65 million build-outs at its McNair campus in Houston
HOUSTON – The partnership of Baylor College of Medicine and CHI St. Luke’s Health have big development plans for their McNair campus in Houston.
Outpatient Projects: More Outpatient Healthcare Real Estate Project News
Cornerstone Companies Inc. recently broke ground on a new 16,000 square foot MOB next to the Anson planned community in Zionsville, a northwest suburb of Indianapolis. The Indianapolis-based HRE development firm, with locally based Wurster Construction as the general contractor, is building the facility at the entrance to the Stonegate neighborhood. The building will be […]
Outpatient Projects: Triad Properties lines up team for $26 million MOB project outside of Atlanta
ALPHARETTA, Ga. – Huntsville, Ala.,-based Triad Properties Corp. moved forward in recent months with its plan for a new MOB in Alpharetta, north of Atlanta, by selecting members of the development team.
Outpatient Projects: Former Saks space being converted into medical clinic in Minneapolis
MINNEAPOLIS – Robbinsdale, Minn.-based North Memorial Health Care has two hospitals and 15 outpatient clinics in the Twin Cities are of Minneapolis and St. Paul.
Inpatient Projects: $175M hospital on the way in Indiana
Franciscan Alliance proceding with plans for a 70-acre campus in Michigan City By John B. Mugford A new hospital is coming to Michigan City, Ind., as the Franciscan Alliance recently announced that it is moving forward with plans for a campus on a 70-acre site on the outskirts of town. St. Anthony Health-Michigan City is […]
Inpatient Projects: Bethlehem, Pa., hospital getting its first maternity ward as part of $93M project
BETHLEHEM, Pa. – The Lehigh Valley Health Network’s hospital in Bethlehem has served local residents for 54 years.