The building is still under construction, and is about 75% complete. It faced litigation from a neighboring owner, which tied up the property. During that time, interest rates climbed 525 basis points.
The building was sold by a court appointed receiver, and the new owner plans to complete the facility and lease it to medical tenants.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.