GERMANTOWN, MD—NexCore Group has broken ground on a four-story 79,491 square foot medical office building located at the new Holy Cross Health hospital campus.
The medical office building on the campus is one of three outpatient care centers that NexCore is currently developing for CHE Trinity Health in different parts of the country, according to Jarrod Daddis, executive managing director of Development at NexCore Group. Medical office buildings in general tend to perform well in the state because of the dearth of supply; this building, however, is particularly well positioned.
Holy Cross is the first new hospital in Montgomery County in 35 years, scheduled to open next month. The buiding is also located within the Hercules Pinkney Life Sciences Park on the Montgomery College campus, and according to Daddis, it will incorporate LEED Silver building standards.
The office building will be connected to the new 93-bed hospital and a 696-space parking garage. It will include high efficiency air handling units, a lighting control system, and a green roof.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
