Healthcare Real Estate Insights™ magazine’s annual, national awards program honors Davis Principal Mark A. Davis and Davis-developed CityPlace Medical office building
MINNEAPOLIS, Nov. 7, 2018 – Davis announced that Principal Mark A. Davis and Davis-developed CityPlace Medical in Woodbury have been named Finalists in Healthcare Real Estate Insights™ (HREI) magazine’s annual, national awards program.
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 HREI magazine, the first and only national magazine entirely devoted to covering HRE development, financing and investment.
Jill K. Rasmussen, principal of the national healthcare real estate (HRE) development, property management, brokerage and investment firm, said the Davis team is proud that Mr. Davis is being honored as an HREI Awards Finalist.
“Mark has been an owner and principal at Davis for more than 30 years and under his leadership, our team has leased, developed and/or acquired more than 7 million square feet of medical space,” says Ms. Rasmussen. “Mark also has become well known as an expert on healthcare real estate in the Upper Midwest and has opened offices in five states to serve a growing list of satisfied healthcare clients.”
Mr. Davis noted that the new Davis-developed CityPlace Medical is benefiting consumers, as well as the facility’s tenants, including anchor tenant Minnesota Gastroenterology (MNGI).
“We’re proud that we helped Minnesota Gastroenterology identify an ideal location for their new clinic that offers optimal access and visibility,” says Mr. Davis. “CityPlace Medical in the beautiful, mixed-use CityPlace development is convenient for consumers in Woodbury, as well as Western Wisconsin and the entire east metro area. It’s also helping MNGI retain and increase its strong client base.”
The Davis entries that were named 2018 Finalists are:
Executive of the Year Finalist: Mark A. Davis
In just the past five years, Davis Principal Mark A. Davis has led the development of more than 20 medical office buildings ranging in size from 10,000 to 150,000 square feet totaling over $250 million in development costs, and completed 20 investment transactions totaling more than $400 million.
In addition to development and acquisition activities, the firm currently provides property management services to 53 medical office buildings totaling 2.6 million square feet.
Mr. Davis is a frequent guest speaker at conferences, a judge at industry competitions, a mentor to junior brokers and a financial supporter of a number of charitable causes. His firm has won numerous national, regional and local development and executive leadership awards, including being named NAIOP Broker Team of the Year in 2015.
Best Medical Office Building (50,000-99,999 Square Feet) Finalist: CityPlace Medical, Woodbury, Minn.
Facing capacity issues in one of its existing east metro clinics, Minnesota Gastroenterology (MNGI) wanted to find a convenient new location to serve clients in this area.
In its proposal, Davis committed to offer MNGI the most attractive cost structure and the fastest completion time compared to other proposals.
Through a comprehensive market assessment, Davis found an excellent location in Woodbury that has strong demographics, a growing population, proximity to Western Wisconsin and a high concentration of existing MNGI patients.
Davis developed the 50,607 square foot CityPlace Medical building in the vibrant, new mixed-use development in Woodbury that houses retail shops, restaurants, medical office buildings and other high-end businesses. The new location with its booming market helped Davis attract a new tenant Associated Eye Care. It’s also increasing MNGI’s exposure and helping it build its client base.
Davis, founded in 1986, is a national healthcare real estate firm with unparalleled expertise in 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 five years, the company has developed more than 20 medical office buildings ranging in size from 10,000 to 150,000 square feet totaling over $250 million in development costs, and completed 20 investment transactions totaling more than $400 million. For more information, please visit www.davisrealestatemn.com.
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