News Release
The convenient, central location on Highway 610 is expected to benefit patients and tenants, including MNGI Digestive Health, which is occupying the entire second floor
An open house was held recently for the newly opened, 44,000-square-foot Maple Grove Specialty Center near Maple Grove Parkway in Maple Grove, Minn.
MAPLE GROVE and MINNEAPOLIS, Minn., May 24, 2023 – Minneapolis-based real estate developer Davis recently held an open house to celebrate the completion of the 44,000-square-foot, Class A Maple Grove Specialty Center in Maple Grove, Minn.
MNGI Digestive is the anchor tenant and occupies the entire 22,000-square-foot second floor of the building, according to
Mark Davis, Founder and Principal of the national healthcare real estate development, property management, brokerage and investment firm.
“We expect the new specialty center will really benefit MNGI, allowing it to better serve its growing patient base in the Northwest Twin Cities metro area,” Mr. Davis says.
“When we searched for a good location for MNGI, we found the ideal site in Maple Grove bordered by Highway 610 and Maple Grove Parkway. It’s a highly visible site that will be convenient for building tenants and their patients. It’s also near a large number of retail establishments and in a growing medical hub near the Maple Grove Hospital.”
Maple Grove Specialty Center will also be home to Minnesota Oncology, which leased the entire first floor of the building, which brings the building to 100% occupancy.
“The area also boasts excellent demographics,” he adds. “Within five miles of the facility, there was a 2020 estimated population of more than 94,000, and the average estimated household income was more than $131,000.”
The Maple Grove Specialty Center occupies 4.2 acres on the southern end of the 8.13-acre site. Future plans are for retail stores and offices to occupy the northern portion of the property. In addition to developing the specialty center, Davis owns the building and provides property management and leasing services to tenants.
The architect for the project was Minneapolis-based Synergy Architecture Studio, and the general contractor was Timco Construction Inc., which is headquartered in Plymouth, Minn.
About Davis
Davis, founded in 1986, is a national healthcare real estate firm that offers 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. The company has developed 36 Class A medical buildings totaling $444-plus million in development costs and completed 57 investment transactions totaling more than $726 million. For more information, please visit www.davishre.com.
– 30 –
News Media Contact:
Vickie Ridgley, 612-383-2717, vridgley@davishre.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
