The expansion of TriHealth Bethesda Butler Hospital in Cincinnati, which was completed early this year, has enabled TriHealth to add more services, amenities, physicians and staff, treat more patients and have room for future growth. Please click on the image to link to a high-resolution version. For other healthcare news from Duke Realty, please visit: http://www.dukerealty.com/category/healthcare/
Healthcare Real Estate Insights™ magazine’s annual, national awards program honors medical facilities the firm developed in McKinney, Texas, and Cincinnati
MCKINNEY, Texas, CINCINNATI and INDIANAPOLIS, Nov. 30, 2016 – Duke Realty-developed medical facilities have been honored as Finalists in two out of nine categories of Healthcare Real Estate Insights™ magazine’s annual, national awards program. The Indianapolis-based commercial real estate firm developed the facilities in Cincinnati and in McKinney, Texas, which is 33 miles north of Dallas.
The HREI Insights Awards™ are the only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. The awards are presented by Healthcare Real Estate Insights™ magazine, the first and only national magazine entirely devoted to covering HRE development, financing and investment.
“We are very pleased that HREI™ magazine has again recognized the excellence of our healthcare real estate projects,” says Keith Konkoli, Duke Realty Executive Vice President – Healthcare.
“Our two Finalist projects are helping meet the need for more high quality healthcare services in the growing Dallas/Fort Worth and Cincinnati areas. They’re also helping the two providers better accommodate their increasing patient base and enhance patient satisfaction and the overall quality of care. We are proud to be recognized by this awards program, which honors the most creative, innovative real estate projects in the healthcare sector.”
Eight Duke Realty projects have been named Finalists and two Winners in the three previous years of the highly competitive HREI Insights Awards™ program.
The Duke Realty-developed projects that were named 2016 Finalists are:
Expansion of TriHealth Bethesda Butler Hospital, Cincinnati
TriHealth needed to find a way to accommodate its growing business and patient base and compete with other providers that were opening medical buildings in Cincinnati. To accomplish this, TriHealth officials decided to immediately add an emergency department and lab to the existing Bethesda Butler Hospital and add more inpatient beds in the future. The Duke Realty development team was challenged to implement the expansion in four phases to minimize disruptions to the hospital’s daily operations and ensure the hospital could continue to treat patients. In phase 1, the team developed an emergency department and ancillary space, and in phase 2, they renovated an additional 15,000 square feet. In the final phases they added a 53,512-square-foot expansion to the existing 37,287-square-foot hospital for a total of 90,788 square feet. The final phase also involved remodeling an additional 7,569 square feet and fortifying the structure for possible future third floor expansion. At the same time, the team needed to negotiate acquisition and joint venture agreements with the physicians for investment in the real estate.
Bethesda Butler Hospital’s full range of services was enhanced with the new inpatient building, which was completed early this year. The expansion includes all new, private medical/surgical beds, 32 new inpatient rooms added to the previous 10 and a new intensive care unit. The expansion has enabled TriHealth to add more services, amenities, physicians and staff, treat more patients and have room for future growth. It’s also helping it be more competitive in the Cincinnati market and strengthen and grow its brand. In addition, it’s helping TriHealth realize its goal of serving as a full-service campus where residents can meet all of their healthcare needs in one convenient location.
Baylor McKinney II Medical Office Building, McKinney, Texas
Residents needed new healthcare services in Dallas/Fort Worth, one of the fastest growing areas of the country. Baylor Scott & White Health has been actively recruiting new physicians but couldn’t house them or provide additional services at the now-full Baylor McKinney I Medical Office Building (MOB), which opened in the Dallas suburb of McKinney in 2012. The solution was to develop the 77,000-square-foot Baylor McKinney II MOB on the Baylor Medical Center at McKinney campus adjacent to the 114,924-square-foot Baylor McKinney I MOB. The project also included additional improvements and renovation on the 47-acre campus, including rerouting roads and reconfiguring parking areas to provide more convenient access to the medical facilities. In addition, to help it retain its current physicians and attract new ones, the development team worked with Baylor Scott & White to offer physicians an investment opportunity in the MOB in the form of a creative joint venture agreement. This was the same type of agreement the team arranged with the first MOB on the campus.
Despite multiple delays from near record rainstorms, the team was successful in meeting a challenging development schedule to deliver the new Baylor McKinney II MOB. The new MOB is enabling Baylor Scott & White to meet the growing local demand for more medical services in the Dallas/Fort Worth area. It’s enabled the provider to move hospital administrative space out of Baylor McKinney I, free up more space for physicians and clinical services, and house much-needed new specialties such as surgical specialties. In addition, numerous high quality physicians have been attracted to the state-of-the-art facility, as well as the lucrative joint venture opportunity to invest in the real estate.
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 6.7 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 Twitter, LinkedIn, Facebook and YouTube.
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