Doug Meijer Medical Innovation Building
109 Michigan St. NW | Grand Rapids, MI 49503
Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction.
Harrison Street is a leading investment management firm exclusively focused on alternative real assets. Headquartered in Chicago with offices in London, New York, Tokyo, Toronto, San Francisco, and Washington D.C., the Firm has more than 250 employees and over $55 billion in assets under management.
The Property is a new Class A, seven-story medical office and biomedical building consisting of 205,534 square feet of NRA. The building features a synergistic medical tenant mix of 37% investment grade health systems and universities, BAMF Health providing advanced imaging technology and cancer treatments and a university-affiliated healthcare innovation space on the fourth floor. The Property also includes an on-site 598 space parking garage.
Located in downtown Grand Rapids along the “Medical Mile,” the Property is conveniently located adjacent to the MSU Medical School and just over a quarter of a mile west of the Corewell Health (formerly Spectrum Butterworth) Hospital.
For more information, or to learn more about Berkadia Medical and Life Sciences, please contact us.
SABRINA SOLOMIANY
Senior Managing Director
Medical & Life Sciences
404.536.5054
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MIKE CERNY
Vice President
Medical & Life Sciences
904.296.7565
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CHRISTOPHER MEYER
Analyst
Medical & Life Sciences
404.654.2341
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MORTGAGE BANKING
RICHARD LEVINE
Senior Managing Director
404.654.2590
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