PMB’s 125,000-SF Clinic To Cost $53M

MISSION HILLS, CA-The non-profit Facey Medical Foundation, which manages the Facey Medical Group—a 140-physician, multi-specialty medical group—has selected San Diego-based Pacific Medical Buildings to develop the new three-story Facey Medical Group Clinic here, as GlobeSt.com previously reported. GlobeSt.com now learns that the total project cost including the land is $53 million, according to Barry Weinbaum, director of business development at PMB.

The medical practice, which got its start in a storefront in San Fernando, CA in 1923, will be moving into the new 125,000-square-foot clinic upon completion, which is expected by the second quarter of 2012. PMB plans to start construction by the first quarter of next year.