CHARLOTTE, N.C., Jan. 21 /PRNewswire-FirstCall/ -- Erdman, A Cogdell Spencer Company, a subsidiary of Cogdell Spencer Inc. (NYSE: CSA) announces that it broke ground earlier this week on two new medical office projects in the Southeast, totaling almost 115,000 square feet.
The two projects, a $21 million medical office building and ambulatory surgery center in Jackson, Tennessee and a $1.75 million cancer center in Mebane, North Carolina represent new and existing markets and relationships for the Company.
The Medical Center Physicians Tower, a 106,772 square foot medical office building (MOB) and ambulatory surgery center (ASC) in Jackson, Tennessee marks the first project with West Tennessee Healthcare, Inc and is located on the campus of Jackson -- Madison County General Hospital. The five-story facility will feature an attached eight level parking deck. Both the MOB and parking deck will be connected to a pedestrian walkway that ties directly to the hospital.
This project represents a new market and a new relationship for the Company, which offers services from concept through long-term ownership and management. West Tennessee Healthcare, Inc. will lease approximately 67,000 square feet for its ambulatory surgery center, neurosciences group and pharmacy. The project is currently 75 percent pre-leased and the remaining space is being marketed to local area physician groups.
Erdman is the developer on the project, Robins & Morton of Birmingham,
Alabama is the general contractor on this project while RPA Design, based in
Charlotte, North Carolina, is the project architect on both the Tennessee and
Mebane projects. Upon completion, Cogdell Spencer Inc. will own 50 percent of
the project, with West Tennessee Healthcare, Inc. and local physicians owning
50 percent. Medical Cent
|SOURCE Cogdell Spencer Inc.|
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