Navigation Links
Cogdell Spencer Announces First Synergy Project in Pensacola, Florida

CHARLOTTE, N.C., Sept. 2 /PRNewswire-FirstCall/ -- Cogdell Spencer Inc. (NYSE: CSA) announces the signing of a definitive agreement to develop a $22.4 million medical office building and outpatient treatment center in Pensacola, Florida.

The 75,985 square foot facility is the first synergy project since the closing of the merger with Marshall Erdman and Associates (now Erdman, A Cogdell Spencer Company). The project will include design/build (architectural, engineering and construction), development, and property management services.

The three-story project will be located on the 4700 block of North Davis Highway between the intersections of Royce Street and Hewitt Street. It is 100 percent pre-leased and site work is scheduled to begin the fourth week of September 2008, with completion scheduled for December 2009.

This project represents a new market for Cogdell Spencer Inc., which is now the nation's most integrated healthcare real estate facilities company, offering services from concept through long-term ownership and management. Cogdell Spencer Inc. will own 40 percent of the project, with a local physician group owning 60 percent. Cogdell Spencer Advisors will manage the property upon completion.

"We are extremely pleased with this, our first full service synergy project with Erdman," notes Frank Spencer, President and Chief Executive Officer of Cogdell Spencer Inc., "The complementary offerings from our recent merger has allowed us to provide clients with complete real estate services under one roof."

About Cogdell Spencer Inc.

Charlotte-based Cogdell Spencer Inc. (NYSE: CSA) is a fully-integrated, self-administered and self managed real estate investment trust (REIT) that invests in specialty office buildings for the medical profession, including medical offices, ambulatory surgery and diagnostic centers. At present, the Cogdell Spencer Inc. portfolio consists of 62 wholly owned properties and consolidated joint ventures, three unconsolidated joint venture properties and 51 managed medical office buildings. On March 10, 2008, Cogdell Spencer Inc. merged with Marshall Erdman & Associates ( As the leader in healthcare design-build, Erdman brings a new range of offerings to Cogdell Spencer's clients. Welcome to the new Cogdell Spencer Inc. For more information on Cogdell Spencer Inc., please visit the Company's website at .

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect the Company's views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ materially. Factors that may contribute to these differences include, but are not limited to the following: market trends; our ability to obtain future financing arrangements; our ability to renew ground leases; our ability to integrate the operations of Marshall Erdman & Associates with our operations; defaults by tenants; and changes in the reimbursement available to our tenants by government or private payors. For a further list and description of such risks and uncertainties, see the reports filed by the Company with the Securities and Exchange Commission, including the Company's Form 10-K for the year ended December 31, 2007. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be realized. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Other Contacts

General Inquiries:

Frank C. Spencer

President and Chief Executive Officer

Tel: 704.940.2926

Financial Inquiries:

Charles M. Handy

Chief Financial Officer

Tel: 704.940.2914

SOURCE Cogdell Spencer Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Cogdell Spencer Inc. Reports First Quarter 2008 Financial Results
2. Cogdell Spencer Inc. Announces First Quarter Earnings Release and Conference Call Notice
3. Cogdell Spencer Inc. Announces the Closing of the Marshall Erdman and Associates Merger
4. Cogdell Spencer Inc. Announces Merger with Marshall Erdman and Associates
5. Cogdell Spencer Announces a $100 Million Development at St. Lukes Riverside Outpatient Campus In Bethlehem, Pennsylvania
6. Cogdell Spencer Inc. Reports Third Quarter 2007 Financial Results
7. Cogdell Spencer Inc. Acquires Summit Professional Plaza I and II in Brunswick, Georgia
8. Spencer Institute Announces Wellness Coaching: Innovative Certification Training for Life Coaching
9. QueensLander Tours Presents an Adventure Boot Camp Cruise with John Spencer Ellis from Bravos The Real Housewives of Orange County
10. Lifestyle Fitness Coaching Becomes the Next Revolution in Fitness for Spencer Institute
11. Spencer Institute Offers a Home-Training Course for Hemispheric Integration & Neuro-linguistics Coach Certification
Post Your Comments:
(Date:11/30/2015)... ... 2015 , ... Live Very Well is excited to announce ... . The multi-carrier insurance exchange platform offers individual vision and dental ... compare, quote and match plans to meet their needs. , Beginning December ...
(Date:11/30/2015)... ... November 30, 2015 , ... Until now, the St. ... in the MOMS (Management of Myelomeningocele Study) trial. One of these exclusion criteria was ... a BMI of 18.5 to 24.9 is considered normal, 25 - 29.9 is overweight ...
(Date:11/30/2015)... ... 30, 2015 , ... Stress, anxiety, illness, infection or even a need for ... , Heather Spader, MD, a new pediatric neurosurgeon at Joe DiMaggio Children’s Hospital in ... to tumors. , “Bad headaches that don’t go away, that don’t have ...
(Date:11/30/2015)... ... November 30, 2015 , ... Thermi™, a ... to announce that its ThermiRFR temperature controlled radiofrequency platform has received CE marking ... radiofrequency platform which uses temperature as a clinical endpoint. The technology has ...
(Date:11/30/2015)... ... 30, 2015 , ... MOSI recently added two state-of-the-art augmented reality (AR) experiences ... Jurassic to their collection of interactive exhibits within the Kids In Charge! building. In ... guests to get closer than ever to a range of animals as they drink, ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... 30, 2015   Royal Philips (NYSE: ... industry,s first MRI guided user interface and automatic scan ... with MR Conditional implants, such as knee and hip ... Radiological Society of North America Annual Meeting (RSNA) . ... diagnostic confidence of this growing patient population. ScanWise Implant ...
(Date:11/30/2015)... India , November 30, 2015 ... 2014, and is expected to grow at a CAGR of 7.6% ... was valued at USD 135.6 million in 2014, and is ... 2020. --> According to the new Market Research Report ... invasive, non-invasive), By End User (Hospitals, ambulatory care, others) - Analysis ...
(Date:11/30/2015)... 2015 2014RestatedChange%Turnover 545,575 , 518,852 , 5.2 Cord Blood ... , 9.8 Hospital Management Service Income , ... Medical Insurance Administration Service Income , 2,780 , ... , 89,645 , 94,580 , ... 2,917 , (3.3) Gross Profit 395,857 , ...
Breaking Medicine Technology: