Based on strong leasing activity, the Minneapolis-based firm is developing the facility to its maximum capacity of 148,000 square feet for HealthEast and other medical tenants
MINNEAPOLIS and MAPLEWOOD, Minn., May 10, 2017 – After starting development of an initial 82,000 square foot phase of the Hazelwood Medical Center last fall, Davis is now expanding the building to its maximum capacity of 148,000 square feet to meet growing tenant demand. The firm expects to open the facility in October.
The medical complex is located on a nine-acre site at 2945 Hazelwood St., west of HealthEast’s St. John’s Hospital in the St. Paul suburb of Maplewood. Owned by Davis, the facility will enable HealthEast to consolidate many of its healthcare services and specialties into one convenient location.
Officials at Davis, a Minneapolis-based healthcare real estate development, property management, brokerage and investment firm, said the expansion is necessary because of strong leasing activity.
Mark A. Davis, Principal of Davis, notes, “We started with 82,000 square feet with the intention of adding more space in two subsequent phases. The initial space will allow HealthEast to relocate many of its services there, providing an integrated one-stop healthcare destination. We’ve been very pleased with the increased interest in the facility, which has enabled us to obtain signed leases from a number of additional high-quality healthcare providers so we can fully develop out the project.”
The tenants that have signed leases in Hazelwood Medical Center include:
- HealthEast – 74,800 square feet (primary care, specialty care, lab, pharmacy)
- HealthEast Surgery Center-Maplewood – 22,300 square feet
- Maplewood Imaging Center – 14,700 square feet
- Partners Obstetrics & Gynecology PA – 11,300 square feet
- Central Regional Pathology Laboratories – 6,000 square feet
- Metro Urology – 4,500 square feet
There will be 14,000 square feet available for lease as part of the building expansion.
The architect for Hazelwood Medical Center is Edina-based bdh+young, and the general contractor is Plymouth-based Timco Construction Inc.
Davis, founded in 1986, is the pre-eminent healthcare real estate firm in Minneapolis and provides healthcare real estate development, property management, brokerage, investment and consulting services to health systems, hospitals, individual medical groups, specialty practices and other healthcare organizations. Over the past three years, the company has developed 350,000 square feet of Class “A” medical buildings at a total cost in excess of $100 million. It has also negotiated more than 250 healthcare property leases during the time totaling 1.2 million square feet. For more information, please visit www.davisrealestatemn.com.
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