NEWNAN, Ga., and CHICAGO, March 3, 2021 – Remedy Medical Properties, the nation’s largest private owner of healthcare properties, announced today the completion of the five-story, 113,000-square-foot Piedmont Medical Plaza II. The new medical office building (MOB) is on the Piedmont Newnan Hospital campus in Coweta County, a growing region of southwest Atlanta.

The new outpatient care facility, the second MOB on the Newnan campus, will enable Piedmont Healthcare to provide an even wider range of services there, keeping patients close to home for care.

“Remedy is very excited about our continued collaboration with Piedmont Healthcare. This beautiful new MOB will allow Piedmont to continue expanding their healthcare delivery model to this growing and vibrant region,” says Peter Westmeyer, CEO of the Chicago-based firm. “The spirit of cooperation and flexibility of all project members throughout the construction process, in the face of the pandemic and other assorted challenges, has made all the difference in bringing this important new project to the community, both on time and on budget.”

“The collaboration with Remedy and our development team made this entire process, from planning and design to completion, go smoothly despite challenges we faced during an unprecedented healthcare pandemic,” says Mike Robertson, CEO of Piedmont Newnan Hospital. “This beautiful new medical office space enables us to efficiently and cost-effectively deliver a wide variety of healthcare services close to home for our patients in Coweta and surrounding communities – all within walking distance of Piedmont Newnan Hospital.”

After breaking ground on the MOB in September 2019, the facility construction was completed in December 2020 and a phased move-in of Piedmont services was completed at the end of January 2021.

The new MOB will serve as a conveniently located, one-stop healthcare destination for patients in the growing southwestern Atlanta suburbs. The Newnan service area has a sizable population of more than 212,000, which is projected to grow significantly by 6.2 percent during the next five years. 

Located at 795 Poplar Road, the highly visible MOB is in close proximity to the Interstate 85 interchange at Poplar Road, which opened in March 2019, and offers an abundance of nearby parking for patients, physicians and staff. The facility will deliver a full complement of healthcare services by Piedmont Healthcare, including cardiology, cardiovascular imaging, cardiac and pulmonary rehab, general surgery, neurology, orthopedics, physical therapy and occupational therapy.

David Martin, Executive Vice President of Development at Remedy, says, “Piedmont Medical Plaza II was delivered despite some considerable challenges thanks to the adaptability and collaborative spirit of the entire development team.”

That team included local development consultant Carter (carterusa.com), which assisted in site selection, local permitting and construction oversight; general contractor Batson-Cook (batson-cook.com), which kept construction on schedule despite unusually heavy rains and other severe weather, and deployed highly effective pandemic protocols to ensure workplace safety without delaying the project; and architect Earl Swenson Associates Inc. (esarch.com), which designed a functional and beautiful core and shell building, greeting campus visitors at its new northern gateway.

In addition to providing strategic planning, development and leasing services, Remedy owns and will manage the facility.

Some space remains available in the new Piedmont Medical Plaza II. For leasing information, independent physician practices and other providers offering complementary services are invited to contact Remedy’s First Brian Burks, Executive Vice President, Leasing, at 770-891-2082 or BBurks@RemedyMed.com.

CHICAGO and MOUNT PLEASANT, S.C., Oct. 29, 2020 – A medical office building (MOB) developed by Remedy Medical Properties has been named a finalist in the 2020 HREI Insights Awards, an annual, national awards program that recognizes excellence in healthcare real estate development and executive leadership.

Peter Westmeyer, CEO of Chicago-based Remedy, announced today that The Southeastern Spine Institute – Tenet Healthcare (SSI), a three-story, 71,000-square-foot ambulatory care and surgery center in Mount Pleasant, S.C., has been selected as a finalist in the “Best New Development,  MOBs and Other Outpatient Facilities, 50,000 to 99,999 square feet” category.

“Our team is very proud to receive such esteemed recognition from HREI™ magazine for this outstanding healthcare real estate development,” Mr. Westmeyer says. “The Southeastern Spine Institute – Tenet Healthcare project came to fruition because of a unique, proactive and creative approach between the health system, physicians and real estate partner and their desire to achieve alignment. It is very gratifying to have that collaborative effort honored by such a prestigious national awards program.”

SSI, the largest medical practice in South Carolina specializing in spinal and orthopedic care, initially approached Remedy in 2018. The practice needed a new facility to both consolidate and expand its ambulatory surgery, imaging and diagnostic services in the Mount Pleasant submarket of Charleston. SSI had outgrown two original custom-built Class A medical facilities it owned.

Remedy not only developed the new facility and assisted with the transfer of its Certificate of Need (CON) from one of the prior locations, but it was also able to provide an ideal solution via an inventive sale-leaseback transaction that allowed SSI to vacate those existing buildings upon completion of the new MOB. In addition, Remedy was able to secure a new tenant for one of the former buildings, as well as facilitate a collaborative and strategic location for the new MOB at Tenet East Cooper Medical Center’s hospital campus. Aligned in the new location are SSI, its surgical partner USPI and the hospital, with each entity able to design and execute its own leases within the new building.

When SSI opened its doors at 1625 Hospital Drive in February 2020, patients were able to experience a dynamic facility that combines the expertise of three leading healthcare providers with modern office space, procedure rooms, an MRI and imaging room, a physical therapy suite, a sterile processing center, and an ambulatory surgery center. Along with all of the other benefits realized during the two-year development process, SSI now also enjoys 30 percent more space than it had before to grow its thriving practice. 

Speaking of Remedy’s pivotal role in the SSI-Tenet Healthcare success story, Mr. Westmeyer notes the importance of viewing the project in terms of the physician alignment trends of today.

“After years of consolidation and acquisition of private practices, the availability of remaining independent practices is dwindling in many markets,” Mr. Westmeyer notes. “When the well runs dry, health systems and physicians must diversify and move beyond the traditional approach to acquisition and recruitment, being especially careful to avoid the stumbling blocks inherent in the real estate intricacies of the deal. Remedy strives every day to use innovation, expertise and flexibility to overcome such obstacles, and the SSI-Tenet development embodies the successful execution of that strategy to achieve an excellent outcome.”

LEESBURG, Va., and CHICAGO, July 28, 2021 – Remedy Medical Properties, the nation’s largest private owner of healthcare real estate, announced today the acquisition of the four-story, 95,243 square foot Cornwall Medical Pavilion. The medical office building (MOB) is located in the affluent suburban community of Leesburg, 33 miles northwest of Washington, D.C. 

“We are delighted to add this outstanding facility to the Remedy Medical Properties portfolio, as it represents an opportunity to acquire an asset that meets many of the key criteria we seek,” says Joe Magliochetti, Chief Investment Officer for the Chicago-based firm. 

Located at 244-D Cornwall Street in Leesburg in the demographically attractive Loudoun County submarket, “Cornwall Medical Pavilion is the only Class A, multi-tenant medical building on the Inova Loudoun Hospital – Cornwall Campus,” Mr. Magliochetti notes. “We were attracted to the growth and stability of greater Washington D.C., especially Leesburg as the growing, vibrant seat of Loudoun County.”

Inova Loudoun Hospital – which is connected to the MOB – offers an emergency department, an imaging center, inpatient and outpatient behavior health services, and a 100-bed not-for-profit skilled nursing facility. 

“Remedy already enjoys a fruitful relationship with Inova, the dominant provider and market leader in Northern Virginia,” Mr. Magliochetti says. “That fact, combined with an existing base of outstanding tenants and providers, presents an excellent opportunity for us to enhance the MOB’s performance through Remedy’s full-service platform of market research, financing, asset management, leasing and property management.” 

Cornwall Medical Pavilion houses 15 tenants and serves as a key outpatient location for assorted regional physician specialty practices. It is anchored by Loudoun Medical Group, one of the largest independent medical groups in the Washington area. Other tenants include Privia Medical Group, DaVita and independent physician practices affiliated with Inova. 

The MOB has the use of 655 parking spaces shared with the rest of the Inova campus. 

Percival Health Advisors, an independent healthcare strategy advisory group within Remedy, “was instrumental in helping us to identify areas where Leesburg and Loudoun County were in need of fortification of some critical healthcare specialty services,” he notes. “Their analysis revealed an unmistakable opportunity and made the case for us to acquire and improve the performance of this great facility, bolster the tenant mix, and ultimately healthcare access and options for the citizens of this community.” 

Remedy’s acquisition of Cornwall Medical Pavilion closed May 5. JLL Capital Markets Group’s Brannan Knott acted as the seller’s advisor. 

Some space remains available in Cornwall Medical Pavilion. For leasing information, independent physician practices and other providers offering complementary services are invited to contact Remedy’s Daniel McGivney, Senior Vice President, Leasing, at dmcgivney@remedymed.com.

The new company boasts healthcare industry expertise, national reach, entrepreneurial flexibility, and industry-leading real estate services.

CHICAGO, Oct. 1, 2020 – The MBRE Healthcare team separated from MB Real Estate Services, Inc. today to launch a newly formed independent company, Remedy Medical Properties, Inc. Headquartered in Chicago, Remedy is the nation’s largest private owner and service provider for healthcare real estate. The new name and website, remedymed.com, reflect the company’s exclusive focus on healthcare real estate and its commitment to providing comprehensive real estate solutions to the healthcare industry.

“We are pleased to reintroduce ourselves as Remedy, which better reflects our service mission to offer solutions to health systems and physician groups,” said Peter Westmeyer, CEO of Remedy. “We have grown strategically in recent years and now want to further emphasize the innovative flexibility and healthcare industry expertise we offer. But the day-to-day experience with the new company will be the same—the same people, the same services, and the same attention to detail that our clients, tenants, and partners have come to expect.”

Through its long-standing partnership with Kayne Anderson Real Estate, Remedy has expanded its national reach, now owning and managing 20.5 million square feet of healthcare facilities and operating 22 offices across 40 states. 

“Our growth is a reflection of the way we do business,” said Krysta Bavlsik, COO/CFO of Remedy. “Clients and tenants value our rapid response time, ease of doing business, presence in local markets, and healthcare industry knowledge. In response, we’ve opened 22 offices across the country over the last 10 years to expand our hands-on approach to asset management, property management, and leasing.”

In recent years, the company has also expanded its development platform, creating a diversely skilled and highly respected development team with experience delivering 6 million square feet of medical office buildings, ambulatory surgery centers, specialty care centers, urgent/emergency care centers, rehabilitation hospitals, and more. 

Remedy has also brought the strategic innovation and advisory firm Percival Health Advisors in-house. Percival now works with Remedy’s various teams as well as independently to advise health systems and physician groups on identifying strategic partnerships and growth opportunities, optimizing delivery networks, and improving community/population health with its combination of proprietary methodologies and rigorous analytics. 

“Working seamlessly across the lines of acquisition, development, leasing, management and strategy consulting, Remedy now serves as a uniquely flexible, one-stop resource for healthcare real estate solutions that reduce costs, improve care and satisfaction, and enable successful expansion,” Westmeyer said.

On October 1, 2020, the entire dedicated MBRE Healthcare team separated from MB Real Estate into a newly formed company, not a part of MB Real Estate, known as Remedy Medical Properties.

New 65,000 square foot outpatient facility will complement the adjacent Grandview Hospital, creating southern Colorado’s first full-service health campus concentrating on sports medicine and orthopedic care.

COLORADO SPRINGS, CO, and CHICAGO, Aug. 28, 2019 MBRE Healthcare, one of the nation’s largest private owners of healthcare properties, broke ground Aug. 21 for Grandview Medical Center, a 65,000 square foot medical office building (MOB) on the UCHealth medical campus in northern Colorado Springs.

Slated to open in late 2020, the new, three-story sports medicine and orthopedic-focused MOB at 5818 N. Nevada Ave. will be a critical part of the full-service health campus it will share with Grandview Hospital.

Grandview Medical Center will offer sports medicine-focused primary care, advanced orthopedics imaging, a physical therapy clinic, and a 7,500 square foot rehabilitation gym. In addition, the state-of-the-art treatment patients will receive will be bolstered by a strong research partnership with University of Colorado School of Medicine’s Department of Orthopedics.

“MBRE Healthcare is proud to help bring this incredible resource, one that provides such a critical service with sports medicine and orthopedic patients of all ages and stages in southern Colorado and the Pikes Peak region,” says President Peter Westmeyer. “It’s another example of the way MBRE Healthcare helps top providers like UCHealth to deliver outstanding healthcare services in quality settings.”

“The addition of the Grandview Medical Center will enable our patients to receive a coordinated, patient-centric experience at a single location that includes primary and specialty care, advanced imaging capabilities, and therapy services,” says Andrew Ritchie, chief administrative officer for Grandview Hospital.

“We are also opening an imaging center that will have the latest capabilities, including DEXA scans that measure bone health and bone density,” Mr. Ritchie continues. “The center also will have a weight-bearing CT machine, a relatively new technology that is important for diagnosing foot and ankle concerns.”

The 22-bed Grandview Hospital, which was also developed by MBRE Healthcare for UCHealth, was warmly welcomed by the community when it opened in late 2016 and patient volumes have far exceeded expectations. The hospital and the site of the future Grandview Medical Center offer convenient access to U.S. Interstate 25 and are in close proximity to the University of Colorado—Colorado Springs (UCCS) campus and University Village Shopping Center. Additionally, as the Grandview name implies, the campus affords beautiful views of majestic Pikes Peak.

Grandview Medical Center is being developed and will be owned by Chicago-based MBRE Healthcare, and will be leased and operated by UCHealth. The project development team also includes BSA LifeStructures architects, Drexel Barrell & Co. engineers, and Hensel Phelps general contractors.

On October 1, 2020, the entire dedicated MBRE Healthcare team separated from MB Real Estate into a newly formed company, not a part of MB Real Estate, known as Remedy Medical Properties.

High-touch medical real estate company expands its national infrastructure to better serve regional tenants and health systems.

CHICAGO and WASHINGTON,  D.C., Feb. 6, 2019 MBRE Healthcare, one of the largest private owners of healthcare properties in the country, announced today the opening of its eighth regional office in the greater Washington, D.C., area, located at 20955 Professional Plaza, Ashburn, VA 20147. The new regional office, with its dedicated team, will strengthen the company’s East Coast presence and provide tenants and healthcare providers in Virginia and Maryland with convenient access to MBRE Healthcare.

“We own and operate one of the largest medical property portfolios in the country, but size is not our top priority,” says President Peter Westmeyer. “First and foremost, we focus on delivering value to our tenants through entrepreneurial flexibility, cost-saving strategies, and high-touch service. As our portfolio continues to grow, it’s important that we expand our network of offices in strategic locations to maintain the exceptional level of service and value that healthcare providers have come to expect from us and that our brand is built upon.”

The new regional office will be housed in a recently acquired medical office park, which contains three Class A medical office buildings totaling 75,191 square feet. The medical office park is located at the center of Ashburn Farm, a planned mixed-use community in the most affluent county in the U.S., Loudoun County, Virginia. The tenant mix includes family practices, pediatricians, OB/GYN, radiology, orthopedists, dentists, and a daycare center. The medical office park is located three miles from growing Inova Loudoun Hospital and less than 10 miles from the new StoneSpring (HCA) Hospital.

Amanda Crabill, a veteran leasing and property management expert, will run the Washington, D.C. office. Before joining MBRE Healthcare this year, Amanda managed nearly 370,000 square feet of medical office buildings for Harrison Street Real Estate Capital and 1.2 million square feet for Velsor Management. Her deep knowledge of the market, dynamic personality, and popularity with tenants make Amanda a valuable addition to the MBRE Healthcare team.

On October 1, 2020, the entire dedicated MBRE Healthcare team separated from MB Real Estate into a newly formed company, not a part of MB Real Estate, known as Remedy Medical Properties.

Firm joins with Arbor Lodging and Metro Park to co-invest in a 40-story multi-use building that also houses hotels and parking in a busy medical and commercial area.

CHICAGO, Oct. 17, 2018 MBRE Healthcare, a full-service healthcare real estate company, today announced that it has co-invested in the acquisition of 93,000 square feet of medical office space, a 352-room dual-branded hotel, and a 225-stall parking garage at 150 and 160 E. Huron Street in the Streeterville neighborhood of Chicago’s Near North Side.

The building is strategically located across the street from Northwestern Memorial Hospital, Lurie Children’s Hospital, and the Rehabilitation Institute of Chicago, and is just one block from the famed Magnificent Mile commercial district.

Chicago-based MBRE Healthcare teamed with Arbor Lodging Partners and Metro Park Inc. for the acquisition, utilizing a unique co-investment structure. The 40-story, Class A building consists of three property types that are vertically subdivided into medical office space (floors 7-13), two sister hotels (floors 14-40), and a valet parking garage (floors 2-6).

“We’re excited to own and manage this well-located, urban property with phenomenal healthcare tenants, including Northwestern Memorial Hospital, University of Chicago Medicine, and the Eating Recovery Center,” says Peter Westmeyer, President of MBRE Healthcare. “The closing of this deal adds to an already robust year of growth for our company across the country.”

Northwestern Memorial Hospital’s Osher Center for Integrative Medicine is one of the leading facilities of its kind in the nation. Among the services offered there are integrative medicine, and primary care, nutritional counseling, behavioral medicine, and chronic pain treatment.

University of Chicago Medicine offers such specialties as primary care, a women’s health clinic, internal medicine, cardiology, dermatology, endocrinology, pulmonary medicine, gastroenterology, sleep medicine, and rheumatology.

The Eating Recovery Center is a licensed behavioral hospital with Joint Commission accreditation. The center was founded by a team of experts using evidence-based findings and innovation to treat eating disorders. The Eating Recovery Center operates 25 treatment centers across seven states, and is the only fully integrated national healthcare group exclusively dedicated to the treatment of eating disorders and related conditions at all levels of severity and stages. The center offers inpatient, residential, partial hospitalization, and outpatient programs.

The medical office space in the East Huron Street building is 99 percent leased and is expected to continue to experience high demand, as the average occupancy rate for medical space within a five-mile radius is 97 percent. In addition, the adjacent Northwestern University Medical Campus receives more than 2.5 million outpatient visits annually and was recently named by U.S. News & World Report as the best hospital in Illinois for the seventh consecutive year. Another boost to the building is its location near the Magnificent Mile, which averages more than 50,000 pedestrians a day and has more than 450 retail stores and 275 restaurants.

Other components of the property include the 127-room Homewood Suites Chicago Downtown/Magnificent Mile and 225-room Hampton Inn Chicago Downtown/Magnificent Mile. Chicago-based Arbor Lodging plans a $7 million renovation to the rooms, common areas, and more. Metro Park, also based in Chicago, owns and operates several other local parking facilities.

“We couldn’t be happier about our continued investment in the Chicago area, and collaborating with our partners, Arbor Lodging and Metro Park, on this outstanding property,” Mr. Westmeyer says.

On October 1, 2020, the entire dedicated MBRE Healthcare team separated from MB Real Estate into a newly formed company, not a part of MB Real Estate, known as Remedy Medical Properties.

The 10 on- and off-campus outpatient OrthoCarolina facilities offer service lines including orthopedic surgery, general imaging, orthopedic care, urgent care, and physical therapy.

NORTH CAROLINA and CHICAGO, Feb. 12, 2020 MBRE Healthcare, one of the nation’s largest private owners of healthcare properties, recently announced the $103.5 million acquisition of 10 on- and off-campus OrthoCarolina MOBs. The portfolio, totaling 218,213 square feet, consists of a core compilation of outpatient orthopedic-centered MOBs and surgery centers in the MSAs of Charlotte and Winston-Salem, NC.

Chicago-based MBRE Healthcare partnered in the acquisition with longstanding partner Kayne Anderson Capital Advisors.

“This very attractive portfolio checks all the boxes for us, with a nationally recognized anchor tenant in a desirable service line, with close proximity to hospitals, located in robust, dynamic markets,” says Peter Westmeyer, President and Managing Principal, MBRE Healthcare. “This acquisition also presented a great opportunity for us to take advantage of attractive lease terms, and continue a highly desirable physician joint venture relationship.”

The addresses and square footage of the 10 assets in the portfolio are:

710 Park Center Drive, Matthews, NC            39,803 SF
354 Copperfield Boulevard, Concord, NC         29,268 SF
9848 North Tryon Street,  Charlotte, NC        24,335 SF
703 Comfort Lane, Monroe, NC                   13,316 SF
1205 Mann Drive, Matthews, NC                  10,128 SF
124 Welton Way, Mooresville, NC                8,771 SF
170 Kimel Park Drive, Winston-Salem, NC        37,013 SF
180 Kimel Park Drive, Winston-Salem, NC        33,500 SF
101 Delta Park Drive, Shelby, NC               13,051 SF
1604 Medical Drive, Laurinburg, NC             9,028 SF

All 10 facilities are 100 percent leased to OrthoCarolina, the third-largest orthopedic provider in the country (by physician count), with a weighted remaining lease term of 13 years. Each facility is conveniently located within 2.2 miles of the nearest hospital.

The facilities offer a variety of orthopedic-related services, including orthopedic surgery, general imaging, orthopedic care, urgent care, and physical therapy. Three of the buildings feature ambulatory surgery centers, with two operating rooms each. Sixty percent of the properties are in the fast-growing Charlotte MSA, the 23rd largest MSA in the country, with two properties (31 percent) located in Winston-Salem and one each in Laurinburg and Shelby, NC. 

On October 1, 2020, the entire dedicated MBRE Healthcare team separated from MB Real Estate into a newly formed company, not a part of MB Real Estate, known as Remedy Medical Properties.

New five-level, 113,000 square foot outpatient facility in Newnan will support Piedmont Newnan Hospital in bringing a full complement of healthcare services to the growing southwestern Metro Atlanta region.

NEWNAN, GA, and CHICAGO, Oct. 16, 2019 MBRE Healthcare, one of the nation’s largest private owners of healthcare properties, broke ground Sept. 16 for a new 113,000 square foot medical office building (MOB) on the Piedmont Newnan Hospital campus.

Slated to open in late 2020, the new, five-level MOB at 795 Poplar Road will be a critical part of the full-service health campus it will share with the hospital.

The MOB will bring a full complement of Piedmont Healthcare and independent physician services to the southwest Atlanta Metro suburbs, including cardiology, cardiopulmonary rehab, general surgery, neurology, ophthalmology, orthopedics, physical therapy, and occupational therapy. The MOB will also house administrative, human resources, and classroom space for Piedmont Healthcare.

“MBRE Healthcare is very pleased to partner with Piedmont Healthcare on this wonderful healthcare asset that will bring a variety of needed services to this growing region,” says MBRE Healthcare President Peter Westmeyer. “It’s another example of how we assist foresighted providers like Piedmont Healthcare to anticipate and satisfy the needs of both patients and practitioners in convenient, quality settings by maximizing the opportunities physically, strategically, and financially.”

“The second MOB at Newnan will be a welcome addition to Piedmont Healthcare patients in the greater southwest Atlanta area, including people living south of Newnan more particularly as result of the recent interstate exchange opening at Poplar Road” says Jack Tillman, Vice President and Chief of Real Estate, Piedmont Healthcare. “When completed, this modern facility will enable us and our Piedmont Clinic members to efficiently and cost-effectively deliver a wide variety of healthcare services close to home for our Newnan-area patients, consolidating and expanding on our cardiovascular programs on the campus of Piedmont Newnan Hospital.”

The hospital and the site of the future MOB are highly visible from and offer convenient access to U.S. Interstate 85 and Poplar Road, with an abundance of parking in close proximity to the building.

The project development team also includes Earl Swensson Associates Inc. (ESa) architects and Batson-Cook Construction.