Healthcare Real Estate

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.

Declining reimbursements, lower market share and keeping up with physician recruitment are among the top challenges healthcare professionals face today that are informing their real estate decisions, Meridian's Andy Hoover tells GlobeSt.com.

The new building—Corporate Commons Three at the Teleport—will complement the Nicotra Group-owned existing fully-leased Corporate Commons One (120,000 square feet) and Corporate Commons Two (180,000 square feet) properties at the campus.

If the legislation changes, the demand for urgent care centers, which are now leasing retail spaces, could subside as a result.

Comprising a $700-million sale-leaseback and a $700-million mortgage investment, the completion of the deal with Medical Properties Trust coincides with Steward Health Care's merger with IASIS.

The eight-story steel and glass facility will include an Advanced Imaging Center, Ambulatory Surgery Center and Heart and Vascular Institute, in addition to a 20,000-square-foot expansion of private rooms for the medical center and 75,000 additional square feet for physicians' offices.