{"id":1004573340,"date":"2022-03-25T12:00:00","date_gmt":"2022-03-25T20:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004573340"},"modified":"2022-12-09T02:51:29","modified_gmt":"2022-12-09T10:51:29","slug":"rendina-jv-breaks-ground-on-tennessee-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rendina-jv-breaks-ground-on-tennessee-mob\/","title":{"rendered":"Rendina JV Breaks Ground on Tennessee MOB"},"content":{"rendered":"<div id=\"attachment_1004573346\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Jackson-Clinic-Baptist-Campus-Rendering-Rendina-Healthcare-Real-Estate-e1648209257318.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004573346\" data-attachment-id=\"1004573346\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/rendina-jv-breaks-ground-on-tennessee-mob\/rendinahre-jacksonclinicbaptistcampus-rendering-master\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Jackson-Clinic-Baptist-Campus-Rendering-Rendina-Healthcare-Real-Estate-e1648209257318.jpg\" data-orig-size=\"1269,951\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Rendina Healthcare Real Estate&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Artist rendering of the future HOPD and MOB in Jackson, Tenn.&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;RendinaHRE-JacksonClinicBaptistCampus-RENDERING-MASTER&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Jackson Clinic &#8211; Baptist Campus. Rendering Rendina Healthcare Real Estate\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Jackson Clinic &#8211; Baptist Campus. Rendering Rendina Healthcare Real Estate&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Jackson-Clinic-Baptist-Campus-Rendering-Rendina-Healthcare-Real-Estate-e1648209257318.jpg?w=1024\" class=\"wp-image-1004573346 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Jackson-Clinic-Baptist-Campus-Rendering-Rendina-Healthcare-Real-Estate-e1648209257318.jpg?w=300\" alt=\"Artist rendering of the future HOPD and MOB in Jackson, Tenn.\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004573346\" class=\"wp-caption-text\">The Jackson Clinic &#8211; Baptist Campus. Rendering Rendina Healthcare Real Estate<\/p><\/div>\n<p>A joint venture including <strong>Rendina Healthcare Real Estate, The Jackson Clinic<\/strong> and<strong> Baptist Memorial Health Care <\/strong>has kicked off the construction of The Jackson Clinic &#8211; Baptist Campus, a 134,966-square-foot medical complex in Jackson, Tenn.<\/p>\n<p>The outpatient campus and medical office building will take shape on a 59-acre site at the southwest corner of Passmore Lane and Highway 45 Bypass. The partnership expects to wrap up construction in the second quarter of 2023.<\/p>\n<hr>\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/how-the-maturing-medical-office-market-is-going-institutional\/\">Maturing Medical Office Market Turns Institutional&nbsp;<\/a><\/p>\n<hr>\n<p>In late 2021, the joint venture secured a $40.5 million loan originated by <strong>BMO Harris Bank<\/strong>, according to Madison County records. The construction loan is set to mature in February 2024, but also offers a 35-month extension option.<\/p>\n<h2>A closer look at the medical complex<\/h2>\n<p>The two-story development will include a next-generation outpatient surgery center occupied by Baptist Memorial Health Care. The outpatient center will encompass eight operating rooms as well as four procedure rooms. The Jackson Clinic will lease roughly 70,000 square feet of the space.<\/p>\n<p>Based on the project\u2019s website, The Jackson Clinic &#8211; Baptist Campus aims to attain accreditation from The American Association for Accreditation of Ambulatory Surgery Facilities, along with Medicare certification. The complex will provide medical services across a wide range of specialties including ear, nose and throat procedures and surgery, as well as ophthalmology and plastic surgery, among others.<\/p>\n<p>The development marks the second recent Tennessee project for Baptist Memorial Health Care and Rendina Healthcare Real Estate. Demand for medical services is driving development across the nation.<\/p>\n<p>Earlier in March, Stream Realty Partners announced it has teamed up with McCombs Properties to develop <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-jv-breaks-ground-on-san-antonio-mob\/\">OneFiftyOne Medical Office<\/a>, a facility totaling 60,000 square feet in San Antonio. In February, The Hearn Co. announced plans to redevelop a few floors at <a href=\"https:\/\/www.commercialsearch.com\/news\/hearn-to-convert-part-of-chicago-tower-to-mob\/\">875 N. Michigan Ave.<\/a> in downtown Chicago and convert them to medical office. Mag Mile Medical Pavilion will encompass roughly 130,000 square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BMO Harris Bank provided a $40.5 million loan for the project.<\/p>\n","protected":false},"author":1763,"featured_media":1004573346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21754,13,21742],"tags":[36551,35623],"class_list":["post-1004573340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-medical-office","category-midwest","category-latest","tag-bmo-harris-bank","tag-rendina-healthcare-real-estate"],"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>Rendina JV Breaks Ground on Tennessee MOB - CPE<\/title>\n<meta name=\"description\" content=\"Rendina Healthcare Real Estate, The Jackson Clinic and Baptist Memorial Health Care expect to deliver the facility in Jackson by mid-2023.\" \/>\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\/rendina-jv-breaks-ground-on-tennessee-mob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rendina JV Breaks Ground on Tennessee MOB\" \/>\n<meta property=\"og:description\" content=\"Rendina Healthcare Real Estate, The Jackson Clinic and Baptist Memorial Health Care expect to deliver the facility in Jackson by mid-2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rendina-jv-breaks-ground-on-tennessee-mob\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-25T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:51:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/03\/Jackson-Clinic-Baptist-Campus-Rendering-Rendina-Healthcare-Real-Estate-e1648209257318.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1269\" \/>\n\t<meta property=\"og:image:height\" content=\"951\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rendina-jv-breaks-ground-on-tennessee-mob\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rendina-jv-breaks-ground-on-tennessee-mob\\\/\"},\"author\":{\"name\":\"Agota Felhazi\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"headline\":\"Rendina JV Breaks Ground on Tennessee MOB\",\"datePublished\":\"2022-03-25T20:00:00+00:00\",\"dateModified\":\"2022-12-09T10:51:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rendina-jv-breaks-ground-on-tennessee-mob\\\/\"},\"wordCount\":336,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rendina-jv-breaks-ground-on-tennessee-mob\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/03\\\/Jackson-Clinic-Baptist-Campus-Rendering-Rendina-Healthcare-Real-Estate-e1648209257318.jpg\",\"keywords\":[\"BMO Harris Bank\",\"Rendina Healthcare Real Estate\"],\"articleSection\":[\"Development\",\"Medical Office\",\"Midwest\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rendina-jv-breaks-ground-on-tennessee-mob\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rendina-jv-breaks-ground-on-tennessee-mob\\\/\",\"name\":\"Rendina JV Breaks Ground on Tennessee MOB - 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