LOS ALAMITOS, CA-A new outpatient facility under construction next to a hospital in Orange County, CA is not only kicking off a 10-year redevelopment plan, but will fill a strong need for new medical office space on the campus. The project is being developed by San Diego-based Pacific Medical Buildings, a longtime medical office building developer on the West Coast and, in more recent years, nationally.

Construction on the $37 million, 70,000-square-foot outpatient facility is underway at Los Alamitos Medical Center, which is at the corner of Katella Avenue and Cherry Street. Slated for completion in summer 2014, the future healthcare real estate, known as the Los Alamitos Medical and Wellness Center, will house an urgent care center, a wide mix of medical specialists as well as primary care physicians. It is designed to achieve Leadership in Environmental and Energy Design certification from the US Green Building Council.

“The current medical office buildings on the campus, which have a total of about 150,000 square feet of space, are fully occupied,” says Barry Weinbaum, VP of business development at PMB, which will own the MOB in a partnership with physician-tenants who choose to get involved. “There's a definite need for space as the campus grows.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.