PMB’s 125,000-SF Clinic To Cost $53M

By Natalie Dolce

Print Email Share Reprints News Tip? Get Alerts

Facey Medical Group Clinic

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.

PMB, a developer of outpatient healthcare facilities and hospital-based parking structures, identified and will acquire the 6.72-acre development site. The firm will also develop, finance and own the build-to-suit facility, which will be 100% leased by the foundation for use by the medical group.

The move will enable Facey to replace current facilities, consolidate local clinics, and accommodate new technologies and electronic medical records systems. “This new Mission Hills facility will further enhance the Facey clinic team of dedicated people in their efforts to improve the health of our loyal patients,” says Dr. Fredrick Russo, president of Facey Medical Group. “Many of those patients have seen our facilities evolve from the original building in the city of San Fernando in the 1950s.” The design of the new Facey Medical Group Clinic “will be a translation of historical mission architecture, blended with a modern, patient-centric approach,” says Mark Toothacre, president of PMB. “Familiar mission forms will represent tradition and welcome patients, while modern elements will reflect leading-edge healthcare.”
PMB plans to seek LEED Silver certification for the clinic from the US Green Building Council. If certified, the facility would be Los Angeles County’s first LEED Silver-certified medical office building of more than 100,000 square feet, according to a prepared statement.

Categories: West, Office, Development, Los Angeles