This project was a new 135,000 square foot on-campus medical office building. Healthcare Development Partners was quantitatively selected as the full-service developer and provided all development activities – including financing, construction management, and leasing.
Rush understood the importance of a strong marketing and leasing program. HDP has successfully constructed and leased over 3,000,000 square feet of physician office space. This experience was crucial for Rush, and they needed a proven partner that could meet project deliverable. This was an off-balance sheet financed transaction and Rush-Presbyterian-St. Luke’s Medical Center entered a master lease for the building. HDP handled all subleases between Rush and the physician tenants.
The development rejuvenated the hospital and the increase in primary care and sub-specialists allowed the hospital to increase its inpatient volume by 10% and operating margin by 25% within one year.
HDP completed the project two months ahead of schedule.
1620 W Harrison St, Chicago, IL 60612
Ambulatory Surgery Center, Full Diagnostic Imaging, CATH Lab, Medical Office, Dialysis