Seavest, Trammell Crow Complete Medical Pavilion
Health care Pavilion II at Countrywide Harbor, a 97,000-square-foot health care place of work building in Oxon Hill, Md., is now open.
Owned by Seavest Healthcare Attributes and created by Trammell Crow Co., the facility is located in just the 300-acre Countrywide Harbor, a combined-use, learn-planned neighborhood designed on the banks of the Potomac River in Prince George’s County.
With the completion of Medical Pavilion II, Seavest now owns a lot more than 350,000 square toes of Class A medical places of work in the Washington, D.C., location. At the conclude of 2021, the overall health-care true estate investor partnered with Nuveen Real Estate for the $1 billion recapitalization of a portion of its nationwide portfolio.
According to CommercialEdge info, there ended up almost 840,000 square ft of health-related workplace place under construction in the Washington, D.C.—Suburban Maryland submarket as of March. Of the full, some 627,000 square ft are slated for completion by the close of the 12 months.
Health-related offices at Nationwide Harbor
Health-related Pavilion II is located following to the National Harbor’s only other medical workplace constructing, the 95,000-sq.-foot Professional medical Pavilion I, also owned by Seavest. The facility opened in January 2019, remaining practically 90 % leased to a combine of tenants that involves the University of Maryland Health-related Process, according to a launch.
Trammell Crow broke floor on Medical Pavilion II in 2020, financing the building with a $25.4 million personal loan from Santander Financial institution, CommercialEdge data demonstrates. Positioned on almost 1 acre at 201 Countrywide Harbor Blvd., the 5-tale creating will dwelling a broad array of specialties, such as oncology, cardiology and women’s care. Cushman & Wakefield’s Matt Sullivan, Lindsey Groom, Kirsten Ryan and Jack Seher tackle leasing pursuits at the home.
Adventist Healthcare is the building’s anchor tenant, with strategies to set up an on-web page ambulatory surgical treatment center and other outpatient solutions at the residence by mid-2023. The health-care service provider has also been anchoring Health care Pavilion I due to the fact 2020, owning proven a 73,000-square-foot footprint in just National Harbor.
Found some 10 miles from downtown Washington, the property is just south of the Interstate 295/495 Capital Beltway Outer Loop interchange. The speedy spot has more than 1 million square ft of retail, eating and enjoyment area, as effectively as various inns and more than 10,000 on-web-site parking spaces.
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