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enior Vice President & Director of Research at REOC Austin

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Multiplying medicine

medical_StethA surge of medical services have opened in Cedar Park and Leander, with at least 21 new health care practices and facilities opening in the area and additional developments planned to open in late 2015 and early 2016.

Health care services, including mental health, sports medicine, nutrition, and emergency care have become more abundant in the area since January 2014. Specialists such as allergists and podiatrists as well as …Read Entire Post

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Arise opens Manor medical facility, with expansion plans north and east

Arise Capital's Manor MOB

Arise Capital’s Manor MOB

Arise Healthcare of Austin has opened its 14 th medical facility in the area, a 36,000-square-foot building in Manor that is the first home for specialists and other professionals beyond primary care physicians in the area.

Manor Medical Tower at 14008 Shadow Glen has offices for specialists in cardiovascular care, wound treatment, hyperbaric care, plastic surgery and neurology in addition to an urgent care facility from Texan Urgent Care. The $9 million facility employs approximately 60 people between all of the specialist offices. …Read Entire Post

Kyle Medical Pavilion purchased by Health Care REIT

Kyle Medical Pavilion

Kyle Medical Pavilion

Ohio-based Health Care REIT recently purchased a medical office portfolio including Kyle Medical Pavilion (42,000 sf) located at 135 Bunton Creek Rd. in Kyle, Texas.

Tenants in the three-story facility include Hays Surgery Center, Texan Urgent Care and Austin Pain Associates. …Read Entire Post

Cedar Park Professional Offices ready for tenants

Cedar Park Professional Offices, a two-building medical/professional office project, is complete and ready for tenants.

The two-story buildings (12,000 sf each) are located at 1120 Cottonwood Creek Trail and Medical Drive just off FM 1431, near the Cedar Park Regional Medical Center.

The project, designed by Cornerstone Architects and developed by Austin …Read Entire Post

Arise Capital breaks ground on medical office building in Manor

Arise Capital's Manor MOB

Arise Capital’s Manor MOB

Arise Capital Investments LLC, an Austin-based company that develops medical office space, recently broke ground on a new three-story medical office building in Manor.  Situated at US 290 and Shadow Glen Blvd., the 36,000-square-foot building will cost a reported $3.4 million to construct. 

The building is reportedly 75% pre-leased to a tenant roster that includes Austin Pain Associates/Advanced Rehabilitation, Texan Urgent Care, Arise Medical Center, Cardiovascular Associates, Texas Family Physicians and a wound care facility. …Read Entire Post

Onair Development breaks ground on Riverplace Medical Plaza

Riverplace Medical Plaza

Austin-based developer, Onair Development, which specializes in medical offices, has broken ground on Riverplace Medical Plaza – a three-story, 35,000 square-foot building located at 6611 Riverplace Blvd. in northwest Austin.  According to state filings, the cost of construction is estimated at $2.8 million. Tenants will include imaging, urgent care, pain management, physical therapy and others. Completion is scheduled for mid-2013.

Click to read entire article: Hardin breaking ground on Austin medical offices (Austin Business Journal, 9-6-12)

Cedar Park Regional building sold

 

Cedar Park MOB

Duke Realty acquired a four-story medical office building on the campus of the Cedar Park Regional Medical Center.  The purchase price of the 83,383-square-foot building was not disclosed.

The acquisition brings Indianapolis-based company’s holding in the Austin area to more than 180,000 square feet of medical office space, and its total Texas portfolio to nearly 1.2 million square feet.

Click to read full article: Cedar Park Regional building sold (Austin Business Journal, 1-27-12) and Duke Realty press release.

New 60-bed rehab hospital being built in South Austin

A North Texas company that operates a rehabilitation hospital in Round Rock is planning to open a sister hospital in South Austin, its partner announced Wednesday.

Reliant Hospital Partners of Addison and JaRyCo Development of Allen have begun construction on a 60-bed, 65,000-square-foot rehabilitation hospital at 330 W. Ben White Blvd., near St. David’s South Austin Medical Center, according to JaRyCo President Bruce Heller.

Click to read entire article: New 60-bed rehab hospital being built in South Austin (Austin American-Statesman, 8-24-11)

Central Health buys VA Outpatient Clinic

The VA Outpatient Clinic, a 67,230 sq ft building on 7.83 acres, located at 2901 Montopolis Blvd., in Southeast Austin, sold May 27, 2011 to Central Health, formerly known as Travis County Healthcare. The VA broke ground June 17th on its new 184,000 sq. ft. outpatient clinic, located on a 35 acre site at 7901 Metropolis Drive, also in Southeast Austin.

Brokers for the transaction to Central Health were Jerry Heare, Joyce Jane Weedman, and Josh Hubka CCIM, of REOC Austin.

Valeo buys central medical office building

Jefferson Building

Dallas-based Valeo Commercial Real Estate recently purchased the Jefferson Building, a 97,552-sf medical office building located in the Central medical district at 1600 West 38th St.  The four-story building was reportedly purchased for $13.5 million.

For more information, read Dallas-based Valeo buys $13.5 million building (Dallas Business Journal, 4-11-11).