FOR IMMEDIATE RELEASE
Orthopedic Clinic to Anchor Development at Tamarack and I-494
SAINT PAUL (November 5th, 2018) – Construction is currently underway on a 41,000 medical office building, just off Interstate 494 in Woodbury at the intersection of Tamarack Road and Weir Drive. The south-facing building will be constructed as Phase II on the remaining half of a 7-acre parcel purchased in 2016 by real estate developer and property management firm MSP Commercial.
Signed on to anchor the project, independent specialty provider Summit Orthopedics will occupy the second floor of the multi-tenant facility. The long-standing orthopedic practice plans to move their downtown St. Paul Landmark Surgery Center location into the new project.
“We’re excited that this relocation will allow us the ability to provide the Twin Cities with a surgical center of excellence for hand, wrist, and elbow. It also creates the opportunity to expand Summit’s non-surgical treatment offerings including innovative regenerative medicine therapies and spine injection services,” said Dr. Jack Drogt, president at Summit.
Colliers International | Minneapolis-St. Paul Healthcare Services team is representing the remaining 18,000 square feet available on the main floor. “There has been a lot of interest in the space because of its great location and the continued medical demand in Woodbury.” Vice President, Louis Suarez explained. “Given the remaining vacancy is on the first floor, we are very optimistic that the facility will be 100% leased by the time the building finishes construction.”
Design and construction of the two-story building will be very similar to the Phase I project which entailed construction of the Minnesota Eye Consultants clinic. Along with similar facades consisting of abundant glass, natural stone and brick, both buildings will house specialty care clinics and include ambulatory surgical centers. The same general contractor, architecture and engineering firms have been chosen for the building shell: Welsh Construction, bdh+young Design|Architecture and Civil Site Group, respectively.
Base building construction is expected to continue over the upcoming winter and go through the summer of 2019. Summit Orthopedics is scheduled to open their location in early fall of 2019.
About MSP Commercial
At MSP Commercial, we provide healthcare real estate expertise to medical providers within the Twin Cities metro area.
Using experience gained from our diverse healthcare portfolio of ground-up primary care clinics, specialty practices, and ambulatory surgery centers, we approach every healthcare project as a long-term investment. Our unique method of ground-up development followed by in-depth property management provides a quality healthcare environment customized to the needs of each tenant.
Contact us at MSPCommercial.net or on Facebook, Twitter or LinkedIn.
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