Erdman Breaks Ground on Medical Office Projects

JACKSON, TN-Erdman, the development subsidiary of Charlotte, NC-based Cogdell Spencer Inc., has broken ground on 115,000 square feet within two medical office projects in the Southeast. Both developments are located adjacent to hospitals and are being constructed in conjunction with healthcare clients in the regions, president and CEO Frank Spencer, tells GlobeSt.com.

A project in Jackson, TN includes a $21 million, class A medical office building attached by a pedestrian walkway to the Jackson-Madison County General Hospital. Bank Corp South is providing funding for the project, reports Spencer. Medical Center Physicians Tower, as the building has been dubbed, is a 106,772-square-foot, five-story facility with an eight-level parking deck. The 75% leased building will be anchored by a 67,000-square-foot ambulatory surgery center, neurosciences group and pharmacy, commissioned and leased by the hospital’s owner, West Tennessee Healthcare Inc. Rental rates at the new building are $24.40 per square foot full service, says Dev Gregg, senior VP of Erdman.