The facility is partly preleased to Western Maryland, which will be using 30,000-sf of space to deliver outpatient services, specifically outpatient dialysis, behavioral health, pharmacy, and pain management services. The remaining space will be leased to local physician practices that wish to be located on the hospital campus, as medical office space.
The Cumberland building is the latest in a string of medical office developments for Lauth, the 13th largest healthcare developer in the nation according to industry statistics. Last fall the Indianapolis-based company opened the Exempla Lutheran Medical Center Southwest outside of Denver, Colorado. It also broke ground on Riverview Point, a six-building office park near Phoenix, and a healthcare facility for PinnacleHealth in Mechanicsburg, PA.
Lauth currently has nearly two-dozen other healthcare facilities under construction or development nationwide. But while demand for these facilities remains steady, Andy Lawler, VP of Healthcare at Lauth tells GlobeSt.com that the credit crunch has had an affect on development, albeit not as hard as it has in other sectors. "Projects are moving slower and lenders are asking for higher pre-leasing."
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