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[IMGCAP(1)]BROOKLYN, NY-Kadima Medical Properties, an arm of Brooklyn-based Kalmon Dolgin Affiliates, signed 33,591 sf in new leases and lease renewals throughout the company’s 17-property portfolio. MacDill Airforce Base-Brandon Clinic renewed 16,200 sf; Memphis Orthopedic Group renewed 12,840 sf; and Northern Kentucky Foot Specialists signed on for 4,551 sf.

[IMGCAP(2)]MacDill Airforce Base, a medical clinic for veterans, renewed a 16,200-sf net lease at 220 Grand Regency Blvd. in Brandon, FL. The single-story property features 145 parking spaces, proximity to major traffic outlets such as Highway 75 and all modern amenities. Josh Dolgin, EVP of Kalmon Dolgin Affiliates, negotiated the renewal in an in-house transaction. Dolgin tells GlobeSt.com that the lease term is five years, adding that the tenant has been at the property since 2002. The aggregate lease value is $1.7 million, he says.

[IMGCAP(3)]Memphis Orthopedic Group, a foot specialist with several locations, renewed a 12,840-sf net lease at 4816 Riverdale Rd. known as Germantown Clinic in Memphis. Dolgin represented Kadima Medical Properties in the transaction; brokers Larry Jensen, Holly Dargie and Matt Wethersby of Commercial Advisors LLC negotiated the renewal on the tenant’s behalf. The property offers 75 parking spaces, an attractive modern design and is near to major airports and highways. Dolgin tells GlobeSt.com that the lease term is two-and-a-half years and that the tenant has been at the property for five years. The aggregate lease value is $396,000 sf.

[IMGCAP(4)]Northern Kentucky Foot Specialists PSC signed a new 4,551-sf lease at South Hill Professional Building, located at 525 Alexandria Pike in Newport, KY. Travis Likes and Fred Macke of Grubb & Ellis-West Shell Commercial represented Kadima Medical Properties. South Hill Professional Building is a 56,126-sf, three-story building located off the main highway that circles Cincinnati in Southgate, KY. Dolgin says that the lease term is seven years and the aggregate lease value is $460,000 sf.

Acquired by Kalmon Dolgin Affiliates in 2004, the Kadima Medical Property portfolio encompasses 17 properties spanning eight states: New York, New Jersey, Massachusetts, Colorado, North Dakota, Florida, Kentucky and Tennessee. The portfolio totals more than 800,000 sf and remains more than 97% occupied. Dolgin tells GlobeSt.com that “we continue to be very interested in the medical office building market. With healthcare remaining a premier generator of continued economic growth in the face of the current overall slowdown, we have the confidence that the investments we’ve made in this sector of commercial real estate will continue to increase in value.”

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