FOR IMMEDIATE RELEASE
The addition of a second outpatient building on the Grandview Medical Center campus is in response to the campus’ growing demand for additional modern, efficient medical office space
Seavest Healthcare Properties and Daniel Corporation started construction on Grandview Medical Plaza II, a 144,000 square foot Class A medical office building in Birmingham, Ala.
BIRMINGHAM, Ala., and WHITE PLAINS, N.Y., Oct. 30, 2020 – Daniel Corporation on behalf of Seavest Healthcare Properties has started construction of a second major medical office building (MOB) on the Grandview Medical Center campus in Birmingham.
Grandview Medical Plaza II, a four-story, 144,000 square foot, Class A outpatient facility, will be built adjacent to the eight-story, 208,000 square foot Grandview Medical Plaza I. The first MOB is also owned by Seavest, a White Plains, N.Y.-based real estate investment management firm fully focused on medical real estate, and was developed by Daniel, a leading real estate developer headquartered in Birmingham.
Like its predecessor, Grandview Medical Plaza II will be located on Grandview Parkway, within the 103-acre Cahaba Center at Grandview along U.S. Highway 280 and on the campus of Grandview Medical Center. The two MOBs will give Seavest a total of more than 350,000 square feet of state-of-the-art ambulatory facilities in Birmingham.
“Seavest looks forward to bringing another quality medical office building to the Grandview Medical Center campus,” says Seavest Senior Managing Director and Chief Investment Officer John Winer. “The success of Grandview Medical Center and our existing MOB, Grandview Medical Plaza I, have created a need for more medical office space on the campus.”
The 372-bed, 1 million square foot Grandview Medical Center, which opened in 2015, has grown rapidly. Thanks to the area’s strong demographics, as well as its modern, state-of-the-art facilities and quality care, the campus has proven to be a magnet for both physicians and patients.
Grandview Medical Center has signed a long-term lease anchoring Grandview Medical Plaza II.
“With the hospital’s commitment, we look forward to delivering another outstanding facility that will be a valuable community asset,” Mr. Winer adds.
“Our culture of patient experience and clinical excellence has helped Grandview Medical Center become a tertiary medical destination for Birmingham and the region and this significant investment will support further growth,” said Drew Mason, hospital CEO. “Grandview is a trusted source for quality care and we’re committed to providing our patients with an outstanding experience and access to comprehensive services.”
“We are delighted to partner with Seavest once again to bring another great medical building to this successful healthcare destination,” says Pat Henry, President of Daniel Corporation. “This building will offer convenience, accessibility and a wide range of healthcare services to support Grandview Medical Center’s growth. We are looking forward to building another great healthcare project on this growing, dynamic campus.”
Grandview Medical Plaza II’s will be connected to Grandview Medical Plaza I through a pedestrian bridge, giving the MOB direct access to the hospital.
Construction on Grandview Medical Plaza II is expected to last 15 months, with an opening scheduled for early 2022. Other key members of the project team include the general contractor, Brasfield & Gorrie, along with ESa Architecture and Schoel Engineering.
As with Grandview Medical Plaza I, Daniel Corporation will handle leasing and property management. For leasing information on Grandview Medical Plaza II, please contact Jim Adams of Daniel Realty Services at (205) 443-4522 or jadams@danielcorp.com.
About Daniel Corporation
Founded in 1964, Daniel Corporation (www.danielcorp.com) is an innovative, full-service real estate organization engaged in development, investment and management with a diverse portfolio of office, multifamily, hospitality, residential, urban mixed-use, and retail properties. Headquartered in Birmingham, Alabama, with a regional office in Atlanta, Georgia, the firm currently focuses on markets in the Sunbelt Region. Daniel’s broad range of real estate experience and fiduciary tradition enables the company to respond with the flexibility and timeliness demanded by the real estate industry.
About Seavest Healthcare Properties LLC
Seavest Healthcare Properties LLC is a real estate investment management firm focused on the medical office and outpatient facility sector. The firm acquires existing 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 buildings and outpatient facilities located throughout the United States. For more information, please visit SeavestHCP.com.
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Media Contact: Erin Molloy, Seavest Healthcare Properties, EMolloy@Seavestinc.com, (914) 269-0921
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