Construction starts on Florida Hospital Medical Pavilion
LILLIBRIDGE IS CHOSEN BY FLORIDA HOSPITAL HEARTLAND DIVISION TO
DEVELOP AND MANAGE NEW MOB IN SEBRING, FLA.
CHICAGO and SEBRING, Fla., Aug. 15, 2007 – The residents of Sebring, Fla., will soon have expanded medical services in a new medical office building (MOB) that will be adjacent to Florida Hospital.
Lillibridge is developing the two-story, 40,517 square foot building which will be the first MOB on the Sebring campus. The Florida Hospital Medical Pavilion will be located at 4020 Sun ‘n Lake Blvd., and is scheduled for occupancy in spring 2008.
“Lillibridge has been great to work with on the Florida Hospital Medical Pavilion,” says John Negley, Assistant VP - Community Relations at Florida Hospital Heartland Division. “They are experts in the business of developing medical office buildings, which is why we have such a good working relationship.”
Lillibridge was awarded the project because of the health system’s satisfaction with the jobs that they have done previously, including Celebration, a Disney master-planned development project. The two companies are also working on many other MOB projects, including East Orlando and Kissimmee, Fla., and have several others under development.
Florida Hospital needed more medical office space on the hospital campus to satisfy increasing healthcare demands in this fast-growing area of the state. Included in the building will be an ambulatory surgery center which is a joint venture between physicians and the hospital, and a large OB-GYN practice. The design of the MOB complements the existing structures on the Sebring campus, including the hospital’s recently expanded south wing.
“We’ve had a good relationship with Florida Hospital for many years, and we’re currently working with them on quite a few projects at their other campuses,” says Kerry McCormick, VP of Development at Lillibridge. “We were excited to be named as both the developer and the property manager of the Florida Hospital Medical Pavilion.”
ABOUT FLORIDA HOSPITAL HEARTLAND
Florida Hospital Heartland Division (FHHD) strives to meet or exceed both the service standards of the health care industry and the expectations of the patients it serves. FHHD has served the people of Central Florida for over 50 years, providing health care to all who need it without regard to race, religion, status or ability to pay. For more information, go to www.fhhd.org or call 863-314-4466.
ABOUT LILLIBRIDGE
Lillibridge offers a full complement of real estate services and capital, exclusively to hospitals and healthcare systems. The company’s services include buying and developing medical office and outpatient / ambulatory care facilities, program management for building or renovating inpatient and acute care hospitals, asset and property management services, and advisory services for strategic, financial and operational real estate issues. Lillibridge's national scope encompasses more than 250 hospitals and healthcare systems across more than 40 states, including 6,000 physicians and hospital tenants, and approximately 10 million square feet of medical property. Headquartered in Chicago, Lillibridge has multiple regional offices and more than 200 dedicated employees. For more information, please visit us online at www.lillibridge.com or call (312) 408-1370.
FACT SHEET
Florida Hospital Medical Pavilion
Location: 4020 Sun ‘n Lake Blvd., Sebring, Fla.
Size: Two stories, 40,517 gross square feet
Construction Start: May 2007
Projected Finish Date: Spring 2008
Client: Florida Hospital Heartland Division, Sebring, Fla.
Developer: Lillibridge, Chicago
Owner: SP II, LLC, a subsidiary of Seavest, Inc., N.Y.
Architect: Hunton Brady Architects, Orlando, Fla.
General Contractor: Stevens Construction Inc., Fort Meyers, Fla.
Construction Manager: Lillibridge, Chicago
Property Manager: Lillibridge, Chicago