Mercy Buys Land for $75M Hospital, Office

MONCLOVA TOWNSHIP, OH-Mercy Health Partners Northern Region, a division of Catholic Healthcare Partners, has bought 28.5 acres of land here, with plans to build a $73 million hospital and medical office facility. The company paid $3.3 million for the property at 6650 Maumee Western Rd.

The township Board of Trustees recently approved the plans by the hospital to build the project. Sam Zyndorf, managing partner with the Toledo office of Signature Associates, represented the healthcare company in the land purchase. Zyndorf tells GlobeSt.com that the medical office building, being developed in a venture with the doctors that plan to occupy it, will be about 100,000 sf. The 34-bed hospital will be up to the same amount of space, making it a roughly 200,000-sf project, he says.

“This is really the growth corridor of the Toledo area,” Zyndorf says. “And with the aging population getting bigger, medical office is growing as a sector.”

The company reportedly expects to start construction by August. The hospital will include a pharmacy, a small emergency room, radiology services and a staff of about 150 people. The company nixed plans for a helipad, and agreed that the property would be a for-profit business, allowing full taxes to be paid to the joint-economic development zone, that includes the township, Maumee and Toledo.

Another hospital group, St. Luke’s, has a hospital two miles from the site, and had reportedly lobbied against the construction, citing competition. Company officials from both St. Luke’s and Mercy Health did not return calls for comment. Zyndorf was assisted on the land sale by his brother, Mark Zyndorf, also with Signature.