Lillibridge breaks ground for Healthplex at Florida Hospital
GOOD WORKING RELATIONSHIP BETWEEN TWO COMPANIES CONTINUES WITH UPCOMING DEVELOPMENT PROJECT IN KISSIMMEE, FLA.
CHICAGO and KISSIMMEE, Fla., Sept. 26, 2007 – Expanded medical services will be available to residents of Kissimmee in a new medical office building (MOB) adjacent to Florida Hospital Kissimmee, scheduled to open in the fall of 2008. Chicago-based Lillibridge, one of the nation’s largest private healthcare real estate firms, held a ground breaking ceremony for The HealthPlex at Florida Hospital, a three-story, 85,000 square foot building at 2450 North Orange Blossom Trail in Kissimmee.
“We’re excited to start the construction on this new medical office and outpatient services facility that will greatly enhance the healthcare in this community,” says Bill Haupt, CEO of Florida Hospital Kissimmee. “We selected Lillibridge as our developer for their experience and excellent reputation in healthcare real estate.”
More medical office space was needed on the Kissimmee campus to satisfy increasing healthcare demands in this growing area of the state. Major tenants in the building include an ambulatory surgery center, outpatient imaging center, pulmonary, orthopedic and OB-GYN groups. The building will feature a two-story atrium at the main entrance, two covered walkways to the hospital and surface parking. The outpatient imaging center will have a separate entrance, allowing direct access for patients.
Lillibridge has partnered with Florida Hospital many times in the past, including a development project in Celebration, Fla. The two companies are also working on many other MOB projects, including those in East Orlando and Sebring.
“It’s great to do business with an industry leader like Florida Hospital and we’re glad that they are happy with the projects we’ve collaborated on during the past three years,” says Lillibridge Chairman and Chief Executive Officer Todd Lillibridge. “It is our goal to continue our excellent working relationship.”
Florida Hospital Kissimmee is a full-service community hospital. To better serve the rapidly growing population, Florida Hospital Kissimmee recently performed a multi-million dollar upgrade to the surgical and ICU departments as well as renovating patient rooms. By the end of 2007, the number of beds in the hospital will increase from 83 to 100. Once The HealthPlex at Florida Hospital is completed, there are plans to build a new patient tower that mirrors the look of the new MOB.
The HealthPlex at Florida Hospital is approximately 80 percent leased. Physicians on the Florida Hospital medical staff are encouraged to contact Kerry McCormick at Lillibridge 972-248-9100, extension 4351, or kerry.mccormick@lillibridge.com for information on leasing opportunities.
ABOUT FLORIDA HOSPITAL
Florida Hospital as a system is Central Florida’s healthcare leader, and one of the leading hospital systems in the nation. Recognized for nine consecutive years as one of “America’s Best Hospitals” according to U.S. News and World Report, Florida Hospital welcomed Florida Hospital Kissimmee to be a part of the seven-campus Central Florida system in 1993. Florida Hospital is operated by the Adventist Health System and serves as a major tertiary referral hospital for Central Florida and much of the Southeast, Caribbean and South America. The Adventist Health System operates 36 hospitals in 10 states, making it the largest not-for-profit Protestant healthcare system in the United States.
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 http://www.lillibridge.com/ or call (312) 408-1370.
FACT SHEET
The HealthPlex at Florida Hospital Kissimmee
Location: 2450 North Orange Blossom Trail, Kissimmee, Fla.
Size: Three stories, 85,091 gross square feet
Construction Start: November 2007
Projected Finish Date: Fall 2008
Client: Adventist Health System / Florida Hospital
Developer: Lillibridge, Chicago
Owner: SP II Kissimmee, LLC, a subsidiary of Seavest Inc., N.Y., in an LLC partnership with the physician tenants
Architect: Rogers, Lovelock and Fritz (RLF) Winter Park, Fla.
Construction Manager: Lillibridge, Chicago
Property Manager: Lillibridge, Chicago