Maple Grove Specialty Heart. Picture courtesy of Davis Healthcare Actual Property
Davis Healthcare Actual Property has accomplished Maple Grove Specialty Heart, a 44,000-square-foot medical workplace constructing in Maple Grove, Minn. The Class A property is absolutely leased.
Timco Building acted as normal contractor, whereas Minneapolis-based Structure Studio was mission architect. Davis offers property administration and leasing companies.
Davis first introduced the event of the health-care facility in June 2021. The mission broke floor two months later. The 2-story constructing sits on 4.2 acres on the southern finish of the 8.1-acre web site. The remaining acreage shall be used for future retail and workplace house on the northern aspect of the property.
The property is near the intersection of Freeway 610 and Maple Grove Parkway at a hundred and fifth Ave. and Niagara Lane, 20 miles from downtown Minneapolis. The medical facility is anchored by MNGI Digestive, which occupies the second ground, whereas Minnesota Oncology leases the complete first ground of the property. Different medical service suppliers within the surrounding space embody North Memorial Well being Clinic, Grove Circle Medical and Allina Well being Maple Grove Clinic, amongst others.
Davis Healthcare Actual Property has accomplished 36 Class A medical workplace buildings, with mixed improvement prices of these properties exceeding $444 million. The corporate has accomplished 57 funding transactions totaling $726 million. Within the final two years, Davis expanded its Minneapolis portfolio with the acquisition of a 42,467-square-foot facility in Woodbury, Minn., and opened Xchange Medical, a 78,000-square-foot medical heart in St. Louis Park, Minn.
