News Release: Seavest to unveil renovated Beaumont Medical Center outpatient facility June 10

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Extensive interior and exterior renovations at the 150,000 s.f. outpatient medical center in West Bloomfield will be featured during Tenant/Broker Appreciation Day

WEST BLOOMFIELD, Mich., and WHITE PLAINS, N.Y., June 4, 2015 – Private real estate investment management firm Seavest Healthcare Properties LLC has announced significant upgrades to the Beaumont Medical Center. The center is located in the thriving community of West Bloomfield, and offers a wide range of multi-discipline medical services. The new improvements will be celebrated at a Tenant and Broker Appreciation event scheduled for 5 p.m. June 10.

Seavest says the almost $460,000 renovation, which was managed by KIRCO, a joint venture owner in the project and the building’s property manager, has just been completed at the three-story, 150,000 square foot property, located at 6900 Orchard Lake Road. The improvements are aimed at maintaining the facility as the premiere, Class A medical office property in the market. The improvements include refreshing all common areas with new carpeted hallways and stone flooring in the lobby; upgrades to all common area bathrooms; improved aesthetics to all elevator lobbies and elevators; and an enhanced entrance and reception area. Exterior renovations include upgraded landscaping and repaving of the parking areas.

“The Beaumont Medical Center in West Bloomfield, with its location on Orchard Lake Road among convenient shopping and restaurant locations, is one of the premier off-campus medical destinations in Southeast Michigan and a critical outpatient center for Beaumont Health System,” Seavest Senior Managing Director Jonathan L. Winer says.

“We wanted to make sure that the tenant and visitor experience reflects the market leading position of this facility and is consistent with the considerable reputation of Beaumont Health. We believe the renovations have accomplished these goals,” he adds. “The project’s success was a large part due to the vision and execution of KIRCO, who served as the project’s construction manager. Our event on June 10th is the perfect forum to share the newly renovated building with the local community and to show our tenants how important they are to us.”

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Beaumont Medical Center offers a wide range of healthcare services for patients in the area including an outpatient surgery center; radiology (MRI, CT, digital mammography, ultrasound); laboratory services; adult physical and occupational therapy; nuclear medicine; comprehensive breast care; children’s rehabilitation; cardiology diagnostics; and an urgent care center with extended hours, among others.

The Beaumont Medical Center is owned by Seavest and its local partner, Troy, Mich.-based KIRCO (www.kirco.com), which also serves as the property manager and leasing agent for the facility. The building’s anchor tenant is Beaumont Health System, which occupies more than half of the space in the building. The remainder of the space is leased by independent medical groups aligned with the Beaumont Health. Healthcare providers who are interested in leasing space in the building are encouraged to contact Lisa Panzenhagen at KIRCO at (248) 680-7180 or lisapanzenhagen@kircco.com for information.

About Seavest Healthcare Properties LLC

Seavest Healthcare Properties LLC is a sector-focused real estate investment management firm that acquires properties, joint ventures with established developers to build new properties, and asset manages medical office buildings, outpatient facilities and similar healthcare real estate assets. A pioneer in this sector, Seavest made its first healthcare real estate investment in the mid-1980s. Today, the firm has a significant portfolio of medical office and outpatient properties aligned with leading health systems across the Country. For more information, please visit www.SeavestHCP.com or call (914) 683-8474.

About KIRCO Health Partners

KIRCO Health Partners is a third generation, family-owned commercial real estate organization headquartered in Troy, Mich. The firm is a healthcare real estate development and investment company within the KIRCO family of companies focused on helping hospitals and health systems leverage real estate strategies to grow market share, build their brand, broaden their continuum of care for patients, and support physician alignment efforts. With offices in Ohio and North Carolina and with projects and properties across the country, KIRCO Health Partners provides unique healthcare real estate solutions across a variety of uses and locations. For more information, please visit www.KIRCO.com or call 248.680.7180.

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