Lillibridge Selects Shannon-Waltchack for Birmingham MOBs
Experienced local healthcare real estate broker chosen to spearhead leasing for medical office buildings on the St. Vincent's East campus
Shannon|Waltchack has been chosen to lead outside leasing efforts for the MOBs at 46, 48 and 52 Medical Park Dr. E. on the St. Vincent's East medical campus. The owner and property manager of the MOBs is Lillibridge Healthcare Services Inc., a wholly-owned subsidiary of Ventas Inc. (NYSE: VTR).
"Shannon|Waltchack's team has extensive experience assisting medical tenants with their space needs," explains Chuck Fendrich, executive vice president, property management, for Chicago-based Lillibridge. "Our physician-tenants, their patients, St. Vincent's East and Lillibridge will all benefit from Shannon|Waltchack's consultative approach to matching the right medical practices with the right spaces."
"Lillibridge's on-campus MOBs are fabulous properties - comparable to anything in the Southeast," says Tim Blair, a principal with Shannon|Waltchack. "Local physicians have a great opportunity to enhance and grow their practices by locating in these premier properties."
The buildings, which total more than 400,000 square feet, are the:
- six-story, 205,000 square foot St. Vincent's East MOB 46
- four-story, 98,500 square foot St. Vincent's East MOB 48
- four-story, 98,200 square foot St. Vincent's East MOB 52
For more than 60 years St. Vincent's East hospital has provided healthcare services to Birmingham and surrounding communities. As one of five facilities comprising St. Vincent's Health System, St. Vincent's East is a member of Ascension Health, the nation's largest Catholic and largest not-for-profit healthcare system.
"With the many changes taking place in the healthcare industry today, maximizing efficiency is more important than ever," Mr. Fendrich notes. "Locating your medical practice on a thriving hospital campus provides fast and convenient access to referrals, patients, colleagues, inpatient and emergency services, and a range of other amenities. What better way for physicians to serve their patients while boosting their productivity and growing their practices?"
For information on leasing space in 46, 48 or 52 Medical Park Dr. E., please contact Tim Blair of Shannon|Waltchack at 205-914-2332 or tb@shanwalt.com, or Dena Flippen of Lillibridge at 205-836-6550 or dena.flippen@lillibridge.com.
About Shannon|Waltchack
Shannon|Waltchack is a full-service Birmingham real estate firm dealing in all aspects of commercial real estate. By utilizing the fundamental principals in real estate and innovative strategies, Shannon|Waltchack has positioned itself to serve its clients in a variety of real estate needs through brokerage, property management, and investment advisory services. For more information, please go to www.shanwalt.com.About Lillibridge
Lillibridge has been a leader in the healthcare real estate industry for nearly three decades. Our company develops, funds, acquires and manages healthcare facilities and provides advisory services to the nation's leading hospitals and health systems.Lillibridge is a subsidiary of Ventas Inc., an S&P 500 company and a leading healthcare real estate investment trust. Ventas's diverse portfolio of over 600 assets in 44 states (including the District of Columbia) and two Canadian provinces consists of seniors housing communities, skilled nursing facilities, hospitals, medical office buildings and other properties. More information about Ventas and Lillibridge can be found at www.ventasreit.com and www.lillibridge.com.