Developments
Over the last 20 years, Healthcare Realty has developed more than four million square feet of outpatient medical facilities, representing an investment of over $1 billion. These properties, built in collaboration with health systems and third-party developers, improve the long-term value of the Company’s portfolio with the opportunity for enhanced returns.
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 a local health system and physicians. These developers benefit from Healthcare Realty’s immediate access to capital and experience developing on hospital campuses.
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
PIMA MEDICAL PAVILION I & II
Scottsdale, Arizona
4105 & 4125 BRIARGATE PARKWAY
Colorado Springs, Colorado
MEDICAL PLAZAS 1 & 2
Lakewood, Colorado
HALE PAWA’A
Honolulu, Hawaii
1600 RANDALL ROAD
Elgin, Illinois
MERCY ORTHOPEDIC SURGICAL FACILITY
Springfield, Missouri
425 UNIVERSITY BOULEVARD
Round Rock, Texas
18707 HARDY OAK
San Antonio, Texas
MEDICAL ARTS CENTER III
The Woodlands, Texas
OVERLAKE MEDICAL PAVILION
Bellevue, Washington
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
Medical Plazas 1 & 2
LAKEWOOD, COLORADO
BUILDING PROFILE
Two 4-story, multi-tenant medical office buildings
Plaza 1: 91,000 rentable square feet
Plaza 2: 96,000 rentable square feet
840 space parking garage
On campus
Completed February 2012 (Plaza 1) and December 2011 (Plaza 2)
Budget: $55.2 million
Hospital: St. Anthony Hospital (CHI)
Key Tenants and Services: Rocky Mountain Cancer Center, Hanger Prosthetics & Orthotics, Colorado Opthamology Associates, DaVita Dialysis and Research Center, Colorado Heart & Vascular, St. Anthony Hospital Imaging Center and Women’s Center
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
1600 Randall Road
ELGIN, ILLINOIS
BUILDING PROFILE
4-story, multi-tenant medical office building
95,000 rentable square feet
Adjacent to campus
Completed December 2009
Budget: $26.4 million
Hospital: Sherman Hospital (Advocate Health Care)
Key Tenants and Services: Orthopedics, Wellness Center, Physical Therapy, Oncology
Mercy Orthopedic Surgical Facility
SPRINGFIELD, MISSOURI
BUILDING PROFILE
4-story, specialty inpatient surgical facility and outpatient clinic
8 expandable to 10 operating rooms, 48 beds, 54 exam rooms
186,000 rentable square feet
100% leased and occupied by Mercy Health
Completed September 2013
Budget: $111.4 million
Key Tenants and Services: Orthopedic Surgery Center, Physical Therapy, Pharmacy, Imaging, Lab, Orthopedic Clinic
425 University Boulevard
425 University Boulevard
BUILDING PROFILE
5-story, multi-tenant medical office building
130,000 rentable square feet
Adjacent to campus
Completed July 2009
Budget: $33 million
Hospital: Baylor Scott & White Hospital
Key Tenants and Services: Baylor Scott & White Plastic Surgery, Internal Medicine, Imaging Center, Ophthalmology, Dermatology, Neurology
18707 Hardy Oak
SAN ANTONIO, TEXAS
BUILDING PROFILE
5-story, multi-tenant medical office building
117,000 rentable square feet
Adjacent to campus
Completed December 2009
Budget: $29.3 million
Hospitals: Methodist Stone Oak Hospital (HCA), North Central Baptist Hospital (Baptist)
Key Tenants and Services: Imaging Center, Ambulatory Surgery Center, Fertility Clinic, Ob/Gyn, Pain Management, Orthopedics, Pediatrics
Medical Arts Center III
THE WOODLANDS, TEXAS
BUILDING PROFILE
4-story, multi-tenant medical office building
97,000 rentable square feet
778 space parking garage
On campus
Completed July 2012
Budget: $18.1 million
Hospital: St. Luke’s Hospital (CHI)
Key Tenants and Services: MD Anderson Cancer Center, Berkeley Eye Center, Physicians Group of the Woodlands, Comprehensive Cardiovascular Care, St. Luke’s Hospital Primary Care Physician Group, Nuclear Medicine, Orthopedics
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
