{"id":1004638973,"date":"2023-01-12T07:38:56","date_gmt":"2023-01-12T15:38:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004638973"},"modified":"2023-01-13T06:16:06","modified_gmt":"2023-01-13T14:16:06","slug":"2-mob-developments-underway-near-jackson-miss","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/2-mob-developments-underway-near-jackson-miss\/","title":{"rendered":"Catalyst Healthcare, National Real Estate Advisors Launch 2 MOBs"},"content":{"rendered":"

Two medical office projects, totaling 184,000 square feet, are underway outside Jackson, Miss. Catalyst Healthcare Real Estate<\/strong>, in partnership with National Real Estate Advisors<\/strong>, recently broke ground on an 85,000-square-foot medical facility in Ridgeland, Miss., while Boldt Healthcare Real Estate Development<\/strong> is continuing the construction of a 99,000-square-foot medical office building in Madison, Miss.<\/p>\n

CommercialEdge data shows that the two projects are the only medical office<\/a> developments under construction in Jackson. The metro area’s inventory comprises 174 facilities totaling more than 3 million square feet.<\/p>\n

Catalyst’s expanding portfolio<\/h2>\n
\"\"<\/a>

Ridgeland medical office building. Image courtesy of Catalyst Healthcare Real Estate and National Real Estate Advisors<\/p><\/div>\n

Slated for completion in the third quarter of this year, the three-story Ridgeland facility will offer a wide range of medical services, including oncology, cardiology and imaging.<\/p>\n

The medical office building is taking shape on the southwest corner of West Frontage Road and Colony Park Boulevard, adjacent to The Township at Colony Park mixed-use community. The location is approximately 13 miles from downtown Jackson.<\/p>\n

According to CommercialEdge data, Catalyst owns 13 medical office buildings, having a particularly strong market presence in the South and on the East Coast.<\/p>\n

Last year, after having formed a $1.5 billion partnership with National Real Estate Advisors, the company purchased two portfolios,<\/a> which included health-care assets, for $420 million. The properties are located in several states across the U.S., including Florida, Georgia, Texas and Connecticut.<\/p>\n

The newest addition to a growing campus<\/h2>\n
\"\"<\/a>

Madison medical office building. Image courtesy of Newmark<\/p><\/div>\n

Boldt Healthcare Real Estate Development, in partnership with Baptist Memorial Health Care, broke ground on the Madison facility last year in November, according to Baptist Leader<\/em>, with completion expected in the first quarter of 2024.<\/p>\n

The joint venture recently received a $30 million construction loan for the project from a regional bank, a deal arranged by Newmark<\/strong>. The brokerage team included Senior Managing Directors Jay Miele and John Nero, Executive Managing Director Ben Appel and Senior Managing Director Michael Greely, alongside Associates Adam Goss and Ron Ott.<\/p>\n

Representing the newest addition to Baptist\u2019s Madison Campus, the four-story medical facility will come online at the intersection of Highway 463 and Highland Colony Parkway, with access to Interstate 55. Downtown Jackson is less than 15 miles away.<\/p>\n

In fact, the campus is slated for more expansion. Last February, Baptist Memorial Health Care announced plans to build a new on-site inpatient rehabilitation facility, in partnership with Kindred Rehabilitation Services, a business unit of LifePoint Health. The two-story building would comprise more than 56,000 square feet.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The facilities are the only medical office projects under way in this market.<\/p>\n","protected":false},"author":2829,"featured_media":1004638976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21754,21742],"tags":[32769,45191,33606,50999],"class_list":["post-1004638973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-medical-office","category-latest","tag-baptist-health-system","tag-catalyst-healthcare-real-estate","tag-national-real-estate-advisors","tag-newmark"],"acf":[],"yoast_head":"\nCatalyst Healthcare, National Real Estate Advisors Launch 2 MOBs - CPE<\/title>\n<meta name=\"description\" content=\"Two medical office projects, totaling 184,000 square feet, are underway in Ridgeland, Miss. and Madison, Miss.\" \/>\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\/2-mob-developments-underway-near-jackson-miss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Catalyst Healthcare, National Real Estate Advisors Launch 2 MOBs\" \/>\n<meta property=\"og:description\" content=\"Two medical office projects, totaling 184,000 square feet, are underway in Ridgeland, Miss. and Madison, Miss.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/2-mob-developments-underway-near-jackson-miss\/\" \/>\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=\"2023-01-12T15:38:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-13T14:16:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/BaptistCircleMOB-scaled-1-e1673440166507.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"909\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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\\\/2-mob-developments-underway-near-jackson-miss\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/2-mob-developments-underway-near-jackson-miss\\\/\"},\"author\":{\"name\":\"Madalina Pojoga\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7ced0369df035c845a1e5d647c62dd7a\"},\"headline\":\"Catalyst Healthcare, National Real Estate Advisors Launch 2 MOBs\",\"datePublished\":\"2023-01-12T15:38:56+00:00\",\"dateModified\":\"2023-01-13T14:16:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/2-mob-developments-underway-near-jackson-miss\\\/\"},\"wordCount\":436,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/2-mob-developments-underway-near-jackson-miss\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/01\\\/BaptistCircleMOB-scaled-1-e1673440166507.jpg\",\"keywords\":[\"Baptist Health System\",\"Catalyst Healthcare Real Estate\",\"National Real Estate Advisors\",\"Newmark\"],\"articleSection\":[\"Development\",\"Medical Office\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/2-mob-developments-underway-near-jackson-miss\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/2-mob-developments-underway-near-jackson-miss\\\/\",\"name\":\"Catalyst Healthcare, National Real Estate Advisors Launch 2 MOBs - 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