News Release: Ryan Companies US, Inc. and Park Nicollet Break Ground on New Medical Office Building in Maple Grove

Ryan Companies - Maple Grove MOBMinneapolis, Minnesota (July 6, 2016) —Ryan Companies US, Inc. and Park Nicollet broke ground on a new 26,000-square-foot Medical Office Building (MOB) at The Grove Village Shopping Center in Maple Grove, MN. Located at the corner of Maple Grove Parkway and Grove Circle North, the one-story building will be home to Park Nicollet Physical Therapy and HealthPartners Physicians Neck & Back Center. Park Nicollet will lease the entire building; Physicians Neck & Back Center will sublease space from Park Nicollet. The project is on target to open to patients in December 2016.

“We are delighted to further expand the care offered to Maple Grove and the surrounding communities,” said Duane Spiegle, Vice President of Real Estate for Park Nicollet. “This location will bring several new services to the area, and offer increased convenience and more options for patients.”

The Grove is a Ryan-developed, master-planned retail center which serves the expanding population of the Twin Cities’ northwest suburbs. The 200-acre development features a retail component anchored by a 400,000-square-foot power center including Target and Home Depot.

“It’s our privilege to work with the Park Nicollet team and we are thrilled to be collaborating on another project to further support their mission,” said Erwin Effler III, Vice President of Healthcare Development. “This project demonstrates Park Nicollet’s continued commitment to further extend their reach in the community in order to better serve their patients and provide care closer to home.”

Ryan is providing development, construction, capital markets, civil engineering and property management services. St. Paul-based BWBR Architects are providing architecture services for the building.

About Ryan Companies US, Inc.

Ryan Companies US, Inc. is a 3rd generation, family-owned national developer, designer, capital partner, builder, real estate manager, and building services provider specializing in fully integrated solutions for over 75 years. Key market sectors include: healthcare, senior living, industrial, and corporate build-to-suit; and product experience includes work on office, retail, mixed-use, hospitality, multi-family housing, distribution center, public sector, and mission critical facilities. Ryan serves customers throughout the United States with offices in the North, Midwest, Great Lakes, SouthEast, SouthCentral, SouthWest, and West regions. Ryan was named the 2007 National Developer of the Year by NAIOP, the Commercial Real Estate Development Association. For more information, visit www.ryancompanies.com.

About Park Nicollet Health Services

Park Nicollet Health Services is part of HealthPartners, the largest consumer-governed, non-profit health care organization in the nation with a mission to improve health and well-being in partnership with members, patients and the community. Park Nicollet is an integrated care system that includes Park Nicollet Methodist Hospital, Park Nicollet Clinic, Park Nicollet Foundation and HealthPartners Institute. For more information, visit www.parknicollet.com.

About Physicians Neck & Back Center

Founded in 1990, Physicians Neck & Back Center (PNBC) is a non-surgical physician guided back and neck strengthening program. They help patients with chronic spine pain resume activity. PNBC has six locations across the Twin Cities and has helped more than 140,000 patients. For more information, visit www.resumeactivity.com.

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