LYNCHBURG, Va.—Remedy Medical Properties and its partner Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, broke ground on March 20 for the Centra Langhorne Medical Center, a new 130,000-square-foot medical office building (MOB) near Centra Lynchburg General Hospital.

Slated to open in late 2025, the new five-story MOB at 2125 Langhorne Road will be 100% occupied at opening. The facility will offer a wide range of outpatient services.

“Remedy is very pleased to partner with Centra on this wonderful multispecialty center that will provide the residents of Lynchburg increased access to quality healthcare,” said Remedy founder Peter Westmeyer. “It’s a great example of how we assist innovative health providers like Centra to anticipate and satisfy the needs of both patients and practitioners in convenient, high-quality settings.”

Prominently located on the corner of Langhorne and Tate Springs Road, the site provides room for future horizontal expansion. The roundabout entrance will connect the campus to the neighboring multifamily development, and a wellness trail will link the property to Lynchburg’s popular Blackwater Creek Trail system.

“The design of the building draws inspiration from Lynchburg’s rich history, incorporating building materials originating from the region, to create a holistic set of spaces to address the care, development, and well-being of the local community,” says Diane Ludwig, Centra chief communications officer. “When completed, this modern facility will enable us to efficiently and effectively deliver a wide variety of healthcare services close to home.”

The project development team also includes Haskell Architecture and Engineering Inc., civil engineer Hurt & Proffitt, Inc., structural engineer O’Donnell & Naccarato, Inc. and contractor Robins and Morton.

As part of the development agreement, Remedy and Kayne Anderson also acquired Centra’s Danville Medical Center. The two-story, 47,900-square-foot MOB located at 414 Park Avenue in Danville, Virginia, was completed in 2016 and is 100% long-term leased by Centra. The facility offers primary care, urgent care and cardiology.

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CHICAGO—Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate announced the acquisition of the 93,386-square-foot, LEED Gold-certified RUSH Oak Brook Medical Center in the Chicago suburb of Oak Brook.

The three-story medical office building and ambulatory surgery center (ASC), located at 1211 York Road, sits on 3.516 acres and is 99% long-term leased by RUSH University System for Health, one of the top health systems in the U.S., and Midwest Orthopaedics at RUSH, a division of OrthoMidwest and the top-ranked orthopedic and spine practice in Illinois.

Completed in 2018, RUSH Oak Brook is an orthopedic center of excellence, and also serves as an outpatient healthcare hub for more than 20 other clinical specialties in Chicago’s affluent western suburbs. Services include physical therapy and rehabilitation; neurosurgery; ear, nose and throat; OB/GYN; dermatology; pain management; gastroenterology; and primary care, among others.

The building features a high-volume, Certificate of Need (CON) protected, multi-specialty surgery center featuring six operating rooms, two procedure rooms and 28 patient bays. The facility also boasts more than 65 exam rooms, outpatient surgical suites, an advanced imaging center, and in-house lab services.

The facility was built to suit in 2018, and features a modern metal and glass curtain wall design, with a covered patient drop-off area and attractive landscaping. Interior details include a two-story atrium main lobby with a dark wood feature wall, ornamental LED lighting and a seating lounge. Architect CannonDesign utilized a “universal grid” modular design strategy to maximize the medical offices for adaptability and long-term value. An attached parking structure offers 492 free valet or self-park spaces and offers direct building access on each floor.

“As a Chicago-based company, we are thrilled to acquire this trophy building in our home market,” says Joe Magliochetti, chief investment officer for Remedy. “The RUSH Oak Brook Medical Center increases our portfolio in the Chicago market to 2.55 million square feet. In addition, Remedy has an existing relationship with OrthoMidwest, and this was a great opportunity to expand our relationship with one of the best orthopedic groups in the country, as well as one of the leading academic medical centers in RUSH.”

“RUSH developed this state-of-the-art property to be their multi-specialty hub in Chicago’s west suburbs, as its two acute care hospitals are located further east in Chicago and Oak Park. Surgery center procedure volumes at Oak Brook have outpaced RUSH’s original expectations, and outpatient orthopedic surgical volume is expected to increase sharply over the next decade,” says Antonio Minchella, senior managing director, medical office, for Kayne Anderson Real Estate. “The Certificate of Need creates a high barrier to entry for competitors and further ensures the long-term profitability of this facility.”

RUSH Oak Brook is ideally located, with convenient access to several of Chicagoland’s primary thoroughfares, including the Tri-State Tollway, I-88, Illinois Route 83 and Roosevelt Road. Approximately 6 million people live within a 30-minute drive, and the average household income within a 1-mile radius of the facility is $187,151, which is 1.5 times the national average. The surrounding community boasts a wealth of amenities, including the Oakbrook Center mall, numerous restaurants and five golf courses. The facility is within 10 miles of eight major hospitals, including Elmhurst Memorial Hospital, Loyola University Medical Center and Advocate Good Samaritan Hospital.

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