Barnabas Health Ambulatory Care Center Annex, Livingston, N.J. Please click on the image to link to a high-resolution version. For more healthcare real estate news from Rendina, please visit: Rendina.com/Press
JUPITER, Fla., Dec. 1, 2016 – As Healthcare Real Estate Insights™ (HREI) magazine prepares to announce winners of this year’s HREI Insights Awards™, Rendina Healthcare Real Estate is honored to receive two projects selected as finalists. Held annually, the awards recognize less than 10 facilities throughout the country that exemplify excellence in the areas of healthcare real estate development.
Rendina projects were named finalists in two categories: “Best New Development of an MOB or Outpatient Facility (between 25,000 and 49,999 square feet)” and “Best Renovated or Repurposed Healthcare Facility.”
Selected as a contender for “Best New Development of an MOB or Outpatient Facility (between 25,000 and 49,999 square feet),” the 41,000 square foot Barnabas Health Ambulatory Care Center Annex was developed by Rendina as an addition to the existing Ambulatory Center in Livingston, N.J. The Annex is the first of many new construction projects in the relationship between Rendina and RWJBarnabas Health, New Jersey’s largest health system. Services from the existing ACC have been relocated to the new Annex and are paired with custom-designed physician space.
Prior to the completion of the new Annex, the existing ACC was already a hallmark of outpatient care in New Jersey, performing more ambulatory surgery procedures than any other center in the state. Services include a breast cancer center, rehabilitation, an osteoporosis and metabolic bone disease center, imaging center, sports medicine institute, and the region’s only medically-based integrative medicine center – providing acupuncture, mind/body medicine, herbology and therapeutic massage.
Being considered for “Best Renovated or Repurposed Healthcare Facility” are three MOBs on the campus of Clara Maass Medical Center (CMMC) in Belleville, N.J. The three MOBs, totaling 128,006 square feet, were acquired by Rendina and immediately underwent extensive renovations. CMMC, an RWJBarnabas Health campus, looked to Rendina for a solution that would free up capital for the hospital, enhance the campus and community, and improve overall patient and physician satisfaction.
36 Newark, Clara Maass Medical Center, Belleville, N.J. Please click on the image to link to a high-resolution version. For more healthcare real estate news from Rendina, please visit: Rendina.com/Press
After acquiring the three MOBs from the hospital, Rendina transformed the dated facilities to modern healing environments by completely renovating all building common areas, including new lighting, flooring, ceiling tiles, paint along with new suite doors and building entry systems. Other interior improvements consisted of new signage and directories to improve way-finding, as well as art work and furniture to further improve the patient experience. Building systems were also enhanced, including new HVAC, roof replacements, and elevator cab modernization and mechanical upgrades. Improved handicap access via new ramps and parking also increased accessibility for patients.
Rendina’s dedication to improving the campus has translated into measureable success. Since taking ownership of the MOBs, occupancy has increased nearly 10 percent. More importantly, many physician groups have shifted from short term commitments to long-term leases on the campus. This long-term loyalty to the campus is a true benefit to the hospital and the improved conditions on campus are the driving force behind these new physician commitments. ‘Overall Satisfaction’ has increased 7 percent across the portfolio, according to a 2015 Kingsley Survey.
Richard Rendina, Chairman and CEO of Rendina Healthcare Real Estate, is grateful for the recognition these projects have received. “Once again we find ourselves humbled to be considered for the HREI Awards,” said Rendina. “Our relationship with RWJBarnabas Health is a commitment to providing the highest level of care to the community, ensuring that patients have access to affordable healthcare solutions and serene healing environments. We are proud to say that both of these projects check all of those boxes.”
The 2016 HREI Awards ceremony will be held on Dec. 8 at the RealShare Healthcare Real Estate Conference in Scottsdale, Ariz.
About Rendina Healthcare Real Estate
Rendina is a trusted national leader in healthcare real estate, providing a full-service platform that includes the design, development, acquisition, leasing and management of healthcare real estate. A partner to healthcare providers for more than 29 years, Rendina has developed more than 7.4 million square feet of healthcare real estate throughout the country. Rendina has offices in Jupiter, Fla.; Dallas; Tucson, Ariz.; Solana Beach, Calif.; Cincinnati; and Livingston, N.J. For more information or questions, please contact Steve Barry, Executive Vice President of Business Development & Leasing, at 866-630-5055, or visit our website at rendina.com.
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