{"id":1004075628,"date":"2013-06-05T13:32:43","date_gmt":"2013-06-05T21:32:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=136945"},"modified":"2022-12-07T22:27:12","modified_gmt":"2022-12-08T06:27:12","slug":"8-4k-sf-medical-office-center-nears-completion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/8-4k-sf-medical-office-center-nears-completion\/","title":{"rendered":"8.4K SF Medical Office Center Nears Completion"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">The 8,470-square-foot phase one of a new medical complex is nearing completion. Mark Edwards, the leasing agent of the project and president of Edwards Commercial Realty, said the project should be completed by the end of June.<\/p>\n<p style=\"text-align: justify\">\u201cThis serves an underserved area,\u201d Edwards said. \u201cUrology was underserved. A medical complex creates flexibility and versatility for Corrales, Rio Rancho, Albuquerque\u2019s west side and even north Albuquerque. We want this to be a one-stop medical clinic development.\u201d<\/p>\n<p style=\"text-align: justify\">Named Pinnacle Point, the medical office center is located at 4410 Irving Blvd, near Eagle Ranch NW. Other neighboring centers are the Presbyterian Rust Medical Center and Lovelace Westside Hospital. It\u2019s designed to total approximately 16,000 square feet on 1.7 acres with a calculated cost of $1.3 million. Phase two consists of a development of about 7,300 square feet.<\/p>\n<p style=\"text-align: justify\">The anchor tenant, Albuquerque Urology Associates, will occupy 5,290 square feet. The remaining 3,167 square feet are divided into two offices and will be available for lease for other medical practices. Leasing discussions with medical labs, dentists, ophthalmologists and dermatologists have been initiated, reported Edwards. \u201cWe are focused on leasing units or structuring leases with purchase options that could be exercised as early as mid-2016,\u201d he said.<\/p>\n<p style=\"text-align: justify\">The office space can be leased in an unfinished, heated shell form starting at $16 per square foot. For special improvements the rental rate can jump up to $21 per square foot, but tenants also have the option to hire contractors to build out the interior. The option to lease the space through loans is also available. Suits range from 1,368 to 7,228 square feet.<\/p>\n<p style=\"text-align: justify\">The architect is Tijeras-based AKT Architects and the general contractor is local Richardson &amp; Richardson.<\/p>\n<p style=\"text-align: justify\"><em>Photo credits <a href=\"https:\/\/www.cabq.gov\/\">www.cabq.gov\/<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new medical complex is nearing completion on an 8,470-square-foot phase one. Mark Edwards, the leasing agent of the project and president of Edwards Commercial Realty, said the end date for it should be the end of June. Phase two consists of a development of about 7,300 square feet.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1577,21784,21782,21742,21747],"tags":[],"class_list":["post-1004075628","post","type-post","status-publish","format-standard","hentry","category-albuquerque","category-brokerage","category-development","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>8.4K SF Medical Office Center Nears Completion - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/8-4k-sf-medical-office-center-nears-completion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"8.4K SF Medical Office Center Nears Completion\" \/>\n<meta property=\"og:description\" content=\"A new medical complex is nearing completion on an 8,470-square-foot phase one. Mark Edwards, the leasing agent of the project and president of Edwards Commercial Realty, said the end date for it should be the end of June. 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