Developments
Healthcare Realty has developed more than four million square feet of outpatient medical facilities, representing an investment of over $1.2 billion. These properties, built in collaboration with health systems and third-party developers, create the opportunity for enhanced returns and improve the long-term value of the Company’s portfolio.
Healthcare Realty’s in-house project management team can oversee all aspects of a development, but the Company also works with developers who have strong ties to local health systems and physicians. These developers benefit from Healthcare Realty’s immediate access to capital and 30 years of experience developing healthcare facilities.
Through development, Healthcare Realty improves the quality of its portfolio and deepens its relationships with health systems by providing the new facilities needed to deliver care in an evolving healthcare environment.
RECENT DEVELOPMENTS
VALLEY MEDICAL CENTER
Seattle, Washington
2100 EXETER ROAD
Memphis, Tennessee
MID-STATE MEDICAL CENTER
Nashville, Tennessee
PIMA MEDICAL PAVILION I & II
Scottsdale, Arizona
ST. ANTHONY MEDICAL PLAZAS
Lakewood, Colorado
HALE PAWA’A
Honolulu, Hawaii
OVERLAKE MEDICAL PAVILION
Bellevue, Washington
Valley Medical Center
SEATTLE, WASHINGTON
BUILDING PROFILE
151,000 rentable square feet
On-campus
Completed February 2020
Budget: $64.1 million
Hospital: Valley Medical Center (UW Medicine)
Key Tenants and Services: Oncology, Neurology, and Ambulatory Surgery (Orthopedics)
2100 Exeter Road
MEMPHIS, TENNESSEE
BUILDING PROFILE
Two-story medical office building
110,000 rentable square feet
Anchored
Completed in March 2021
Budget: $34.1 million
Affiliation: Baptist Memorial Health Care and Orthosouth
Key Tenants and Services: Ambulatory Surgery Center, Orthopedics, Physical Therapy, Imaging, Lab, Diabetes Care, Pulmonology
Mid-State Medical Center
NASHVILLE, TENNESSEE
BUILDING PROFILE
Four-story medical office building
106,000 rentable square feet
On-campus
To be completed in 2023
Budget: $44.0 million
Hospital: St. Thomas Midtown Hospital (Ascension Health)
Key Tenants and Services: Ascension Saint Thomas Women’s Services, Multi-specialty clinical
Pima Medical Pavilion I & II
SCOTTSDALE, ARIZONA
BUILDING PROFILE
Two 2-story, multi-tenant medical office buildings
Pavilion I: 90,000 rentable square feet
Pavilion II: 90,000 rentable square feet
Off-campus
Completed December 2008
Budget: $42.7 million
Hospital: Scottsdale Healthcare Shea Medical Center (Scottsdale Healthcare)
Key Tenants and Services: Ambulatory Surgery Center, Plastic Surgery, Fertility Clinic, Ophthalmology, Physical Therapy, Vascular Surgeon, Nephrology
4105 & 4125 Briargate Parkway
COLORADO SPRINGS, COLORADO
BUILDING PROFILE
Two 3-story, multi-tenant medical office buildings
4105: 81,000 rentable square feet
4125: 81,000 rentable square feet
Adjacent to campus
Completed August 2008
Budget: $27.4 million
Hospital: Memorial Hospital (University of Colorado Health)
Key Tenants and Services: The Children’s Hospital of Denver, Kaiser Permanente, Orthopedics, Imaging Center, Ob/Gyn, Physical Therapy, Pharmacy, Neurology, Optical
St. Anthony Medical Plazas 1, 2 & 3
LAKEWOOD, COLORADO
BUILDING PROFILE
Plaza 1: 91,000 rentable square feet
Plaza 2: 96,000 rentable square feet
Plaza 3: 99,000 rentable square feet
840 space parking garage
On campus
Completed February 2012 (Plaza 1), December 2011 (Plaza 2), and June 2017 (Plaza 3)
Budget: $55.2 million
Affiliation: St. Anthony Hospital (CommonSpirit)
Key Tenants and Services: Ambulatory Surgery Center, Internal Medicine, Endocrinology and Metabolic Bone
Hale Pawa’a
HONOLULU, HAWAII
BUILDING PROFILE
9-story, multi-tenant medical office building
125,000 rentable square feet
410 space parking garage
Off campus
Completed August 2010
Budget: $86 million
Hospitals: Kapi’olani Medical Center (Hawaii Pacific Health), Straub Clinic and Hospital (Hawaii Pacific Health), The Queen’s Medical Center
Key Tenants and Services: Orthopedics, Imaging Center, Ambulatory Surgery Center, Women’s Center, Cardiology, Pharmacy, Clinical Lab, Plastic Surgery, Fertility Clinic, Internal Medicine
Overlake Medical Pavilion
BELLEVUE, WASHINGTON
BUILDING PROFILE
7-story, multi-tenant medical office building
191,000 rentable square feet
740 space parking garage
On campus
Completed October 2011
Budget: $92.2 million
Hospital: Overlake Hospital
Key Tenants and Services: Proliance Orthopaedics & Sports Medicine, Overlake Medical Clinics, Overlake Medical Center, Center for Prosthetics Orthotics, Eating Recovery Center
