In-service occupancy at mid-year was 95.8 percent – a record high – and three new projects opened: two rehabilitation hospitals in Ohio and one community hospital in Colorado
The 37,080-square-foot SCL-Emerus Health Community Hospital in Littleton, Colo., near Denver was one of three major Duke Realty-developed healthcare projects that opened in the first half of the year. (Rendering courtesy of Duke Realty)
INDIANAPOLIS, Aug. 17, 2016 – Duke Realty, an Indianapolis-based nationwide commercial real estate company, reported strong performance in its healthcare portfolio in the first half of the year, with a record occupancy of 95.8 percent on June 30 – the highest since it entered the healthcare sector in 2007. In addition, three major Duke Realty-developed medical facilities opened by mid-year.
A total of 122,221 square feet in leases were signed in the first half of the year, which included 33,302 square feet of new leases and 88,919 square feet of renewals. The 95.8 percent mid-year occupancy rate compares to 95.5 percent occupancy at the beginning of the year.
Standout transactions included 12,076 square feet of renewals at the WakeMed Brier Creek Healthplex in Brier Creek, N.C., and 10,858 square feet of new leases at the same facility. In addition, the company’s entire healthcare portfolio in Raleigh, N.C., is now 100 percent leased.
Duke Realty also reported 36,450-square-feet of lease renewals at the Celebration Medical Plaza on the Florida Hospital Campus in Celebration, Fla.
In addition three major Duke Realty-developed medical projects opened in the first half of the year. This included two rehabilitation hospitals in Ohio – a 67,043-square-foot facility in Cincinnati and a 54,800-square-foot hospital in Cleveland – and the 37,080-square-foot SCL-Emerus Health Community Hospital in Littleton, Colo., near Denver.
“We are extremely pleased with the excellent leasing activity in our medical facilities, which is the highest in our company’s history,” says Keith Konkoli, Duke Realty Executive Vice President, Healthcare. “I believe our record occupancy rate is a testament to our property management and leasing staff’s hard work and superior customer service, as well as the strong growth in healthcare demand and clients that want to locate and expand in our high quality facilities. It’s also rewarding to see three beautiful new Duke Realty-developed hospitals open to meet the demand for new, top-quality healthcare services.
About Duke Realty
Duke Realty is a national commercial real estate company specializing in the ownership, management and development of medical office properties, complemented by a large portfolio of industrial assets. Duke Realty (NYSE:DRE) owns, maintains an interest in or has under development 137 million square feet of space in more than 21 top-tier markets nationwide.
The healthcare segment of Duke Realty’s portfolio totals more than 6.5 million square feet, and includes properties ranging from medical office buildings to rehabilitation facilities and from ambulatory care centers with diagnostics, oncology and surgery services to one of the nation’s largest cancer centers. Duke Realty also has on-staff a team of healthcare professionals who are well-versed in the unique demands of medical providers and have proven experience in providing hospitals and physician groups comprehensive planning, development, ownership and facility management services. More information about Duke Realty’s healthcare real estate capabilities is available at www.dukerealty.com/healthcare. Duke Realty also can be followed on Facebook and YouTube.
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