Two medical workplace tasks, totaling 184,000 sq. ft, are underway exterior Jackson, Miss. Catalyst Healthcare Actual Property, in partnership with Nationwide Actual Property Advisors, just lately broke floor on an 85,000-square-foot medical facility in Ridgeland, Miss., whereas Boldt Healthcare Actual Property Improvement is continuous the development of a 99,000-square-foot medical workplace constructing in Madison, Miss.
CommercialEdge information reveals that the 2 tasks are the one medical workplace developments underneath building in Jackson. The metro space’s stock contains 174 amenities totaling greater than 3 million sq. ft.
Catalyst’s increasing portfolio
Ridgeland medical workplace constructing. Picture courtesy of Catalyst Healthcare Actual Property and Nationwide Actual Property Advisors
Slated for completion within the third quarter of this 12 months, the three-story Ridgeland facility will provide a variety of medical providers, together with oncology, cardiology and imaging.
The medical workplace constructing is taking form on the southwest nook of West Frontage Highway and Colony Park Boulevard, adjoining to The Township at Colony Park mixed-use group. The situation is roughly 13 miles from downtown Jackson.
In response to CommercialEdge information, Catalyst owns 13 medical workplace buildings, having a very sturdy market presence within the South and on the East Coast.
Final 12 months, after having shaped a $1.5 billion partnership with Nationwide Actual Property Advisors, the corporate bought two portfolios, which included health-care property, for $420 million. The properties are positioned in a number of states throughout the U.S., together with Florida, Georgia, Texas and Connecticut.
The latest addition to a rising campus
Madison medical workplace constructing. Picture courtesy of Newmark
Boldt Healthcare Actual Property Improvement, in partnership with Baptist Memorial Well being Care, broke floor on the Madison facility final 12 months in November, in keeping with Baptist Chief, with completion anticipated within the first quarter of 2024.
The three way partnership just lately acquired a $30 million building mortgage for the challenge from a regional financial institution, a deal organized by Newmark. The brokerage group included Senior Managing Administrators Jay Miele and John Nero, Government Managing Director Ben Appel and Senior Managing Director Michael Greely, alongside Associates Adam Goss and Ron Ott.
Representing the most recent addition to Baptist’s Madison Campus, the four-story medical facility will come on-line on the intersection of Freeway 463 and Highland Colony Parkway, with entry to Interstate 55. Downtown Jackson is lower than 15 miles away.
In truth, the campus is slated for extra enlargement. Final February, Baptist Memorial Well being Care introduced plans to construct a brand new on-site inpatient rehabilitation facility, in partnership with Kindred Rehabilitation Companies, a enterprise unit of LifePoint Well being. The two-story constructing would comprise greater than 56,000 sq. ft.
