[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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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
