Maryland Medical Office to Deliver in 2009
March 20, 2008
Maryland Medical Office To Deliver in 2009
By Erika Morphy Email this story | Printer-friendly | Reprints
Lauth medical building
CUMBERLAND, MD-Lauth and Western Maryland Health System plan to begin construction this spring on a new medical office building that will be integrated with the Western Maryland Health System’s new regional medical center currently under construction here. The five-story building will connect to the new medical center on the second floor. The two firms expect the 120,000-sf office building to open in conjunction with the medical center in the fall of 2009.
The facility is partly preleased to Western Maryland, which will be using 30,000-sf of space to deliver outpatient services, specifically outpatient dialysis, behavioral health, pharmacy, and pain management services. The remaining space will be leased to local physician practices that wish to be located on the hospital campus, as medical office space.
The Cumberland building is the latest in a string of medical office developments for Lauth, the 13th largest healthcare developer in the nation according to industry statistics. Last fall the Indianapolis-based company opened the Exempla Lutheran Medical Center Southwest outside of Denver, Colorado. It also broke ground on Riverview Point, a six-building office park near Phoenix, and a healthcare facility for PinnacleHealth in Mechanicsburg, PA.
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Lauth currently has nearly two-dozen other healthcare facilities under construction or development nationwide. But while demand for these facilities remains steady, Andy Lawler, VP of Healthcare at Lauth tells GlobeSt.com that the credit crunch has had an affect on development, albeit not as hard as it has in other sectors. “Projects are moving slower and lenders are asking for higher pre-leasing.”
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