{"id":1004677695,"date":"2023-08-28T06:07:17","date_gmt":"2023-08-28T14:07:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004677695"},"modified":"2023-08-29T23:34:18","modified_gmt":"2023-08-30T07:34:18","slug":"anchor-health-completes-cleveland-area-medical-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/anchor-health-completes-cleveland-area-medical-center\/","title":{"rendered":"Anchor Health Completes Cleveland-Area Medical Center"},"content":{"rendered":"
\"Western<\/a>

Western Reserve and Unity Clinic anchor Western Reserve Health Center. Image courtesy of Anchor Health Properties<\/em><\/p><\/div>\n

Anchor Health Properties<\/strong> has completed Western Reserve Health Center, a 53,000-square-foot medical office building in Hudson, Ohio.\u00a0The development team included DesignGroup<\/strong> as architect, construction company The Albert M. Higley Co.<\/strong> and engineering firm Thorson Baker + Associates<\/strong>.<\/p>\n

The Hudson Planning Commission approved the site plan for construction in September 2021 and the project was announced in early 2022. Anchor Health, in partnership with Western Reserve Hospital<\/strong> also applied for a 50 percent property tax exemption.<\/p>\n

Anchor Health obtained a $17.9 million construction loan from Synovus Bank<\/strong> in June 2022, with a maturity date set for 2025, CommercialEdge data shows. The medical office building’s development was valued at $20.2 million.<\/p>\n

\n

READ ALSO:<\/strong> In the Office Sector, MOBs Are a Star Attraction<\/a><\/p>\n

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The three-story building is on a 51-acre lot that allows for future expansion and features a community room and retail amenities with the possible addition of a caf\u00e9. The facility provides various services such as endocrinology, gastroenterology, medical weight loss, orthopedics, lab and imaging, rheumatology, ophthalmology, primary care, infusion and podiatry. Western Reserve Hospital and the independent physician network Unity Health Network are the property’s anchor tenants.<\/p>\n

The health center took shape at 231 Seasons Road, near U.S. Route 8, some 10 miles from Akron and 30 miles from downtown Cleveland. The facility is surrounded by a variety of medical providers, including Cleveland Clinic Stow-Falls Express and Outpatient Care, Unity Health Network, Summa Health Medical Group Stow-Kent Internal Medicine and Pioneer After Hours Clinic North, among others.<\/p>\n

Anchor’s growing portfolio<\/h2>\n

Anchor Health has been expanding its portfolio throughout the first half of 2023. The company made its entry in the Columbus market<\/a> with the acquisition of a 38,327-square-foot medical office building in Grove City, Ohio, and added a 34,681-square-foot medical office building<\/a> in Sebastian, Fla., to its list of assets.<\/p>\n

In July, the company grew its Georgia portfolio of nearly 1 million square feet with the purchase of Forsyth Physicians Center.<\/a> The 91,940-square-foot medical facility is some 40 miles northeast of Atlanta.<\/p>\n","protected":false},"excerpt":{"rendered":"

Western Reserve Hospital and Unity Health Network anchor the facility.<\/p>\n","protected":false},"author":2829,"featured_media":1004677696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21782,21754,13,21742],"tags":[36946,38911],"class_list":["post-1004677695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","category-development","category-medical-office","category-midwest","category-latest","tag-anchor-health-properties","tag-synovus-bank"],"acf":[],"yoast_head":"\nAnchor Health Completes Cleveland-Area Medical Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Anchor Health has completed Western Reserve Health Center, a 53,000-square-foot medical office building some 30 miles from Cleveland.\" \/>\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\/anchor-health-completes-cleveland-area-medical-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anchor Health Completes Cleveland-Area Medical Center\" \/>\n<meta property=\"og:description\" content=\"Anchor Health has completed Western Reserve Health Center, a 53,000-square-foot medical office building some 30 miles from Cleveland.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/anchor-health-completes-cleveland-area-medical-center\/\" \/>\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=\"2023-08-28T14:07:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-30T07:34:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Western-Reserve-Health-Center.-Image-courtesy-of-Anchor-Health-Properties-e1693210299754.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1146\" \/>\n\t<meta property=\"og:image:height\" content=\"860\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-completes-cleveland-area-medical-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-completes-cleveland-area-medical-center\/\",\"name\":\"Anchor Health Completes Cleveland-Area Medical Center - 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