PMB, Sutter Health Break Ground on Sacramento-Area MOB
The four-story building will be located on the Sutter Roseville Medical Center Campus in Roseville, Calif.
Health-care real estate developer PMB is expanding its partnership with Sutter Health and beginning construction of a four-story, 100,000-square-foot medical office building on the Sutter Roseville Medical Center campus in Roseville, Calif. The building is slated to open in the summer of 2024.
Located at 7 Medical Plaza Drive, the building will house the Graduate Medical Education program, which will provide training and education for future physicians to support Sutter Health’s system. The remainder of the space will be occupied by Sutter Valley Medical Foundation and provide cardiovascular, bariatric, dermatology, MOHS, rheumatology and endocrinology services.
Sutter Health serves more than 100 northern California cities and towns. The Sutter Medical Network includes many of California’s top-performing, highest quality physician organizations. Sutter-affiliated hospitals are regional leaders in cardiac care, women’s and children’s services, cancer care, orthopedics and advanced patient safety technology.
In addition to PMB, the project team includes Sacramento, Calif.,-based companies Dreyfuss & Blackford as architect and Westfork Construction as general contractor. Ventas REIT is the equity partner in the project. Siemens and First Horizon Bank are the construction lenders. Details on the financing were not disclosed.
Recent PMD developments
In October, PMB, in partnership with Providence St. Joseph Hospital, topped out the Helen Caloggero Women’s & Family Center in Orange, Calif. The company broke ground on the 137,000-square-foot medical office building in 2021 and completion is expected later this year. The four-story medical facility will house a mother and baby assessment center, maternal diabetes and wellness, pelvic health and rehabilitation and provide imaging, urology, orthopedics and ophthalmology services.
A month earlier, PMB and Montgomery Street Partners announced plans for the $280 million Coal Creek Innovation Park, the first speculative purpose-built life science project in Boulder County, Colo. The companies expect to break ground this year on the 365,000-square-foot project in Superior, Colo., and complete development in the third quarter of 2024. It will include office and lab space, ground-floor retail and structured parking.