Bremner & Wiley to Develop $19.5 Million Adena Health Pavilion
Released: 4/11/2005
The Bremner/Duke joint venture recently broke ground on the development of a new, 75,000 square foot, three-story, outpatient care facility. The building will be located on the campus of Adena Regional Medical Center in Chillicothe, OH.
“We were pleased to have been chosen to assist Adena in its expansion of services as it continues to provide quality healthcare throughout the community. Through our joint venture with Duke Realty, we are providing Adena with a seamless and integrated development, construction, and ownership model,” said Chuck Vogt, Bremner’s Senior Vice President and Chief Strategy Officer.
The $19.5 million project consists of 75,000 square feet on three floors and includes an outpatient surgery center with three operating rooms, seven post-anesthesia recovery beds and 28 rooms for patient intake and discharge. The pavilion also features a four-suite endoscopy and bronchoscopy unit, six-bed sleep studies center, imaging services, laboratory services and pain management services.
Site preparation work for the Adena Health Pavilion is to begin the week of April 11, with project completion in March of 2006. The project developer is Bremner & Wiley, the general contractor is Duke Construction, and the project architect is Ellerbe-Becket. The hospital will lease the building from owner Bremner/Duke.
Bremner & Wiley Inc. is one of the nation’s leading developers and managers of healthcare facilities for hospital systems. Focused on a comprehensive and compliance-driven approach, Bremner & Wiley has developed over $500 million in healthcare facilities, and currently manages over 3,000,000 square feet of healthcare facilities.
Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States. The Company, which controls 4,600 acres of undeveloped land that can support approximately 69 million square feet of future development, also provides nationwide real estate solutions through its national development and construction division.
In 2004, Bremner created a joint venture arrangement with Duke Realty Corporation. The joint venture (Bremner/Duke) does not replace Bremner, it supplements Bremner’s regional infrastructure and provides a $1 Billion capital source with no financing contingencies, along with Duke’s local construction presence in Bremner’s target markets.
The Bremner/Duke joint venture developed through the practical realization that many hospital systems desired the knowledge and experience of Bremner’s comprehensive healthcare development expertise and compliance-driven/hospital grade facility management and maintenance coupled with Duke Construction’s strong local market presence, high-quality construction, close relationships with local sub-contractors, and cost efficiencies gained through the buying power of Duke’s annual construction volumes of over $800,000,000.
Contact: Cynthia A. McClelland | Email