This two-phase project involved the acquisition of an existing 75,000 square foot medical office building and the development of a new 60,000 square foot MOB attached to the 150-bed Montgomery General Hospital. The existing building was renovated in 1999 and is 98% occupied. The new MOB was completed in 2000 and is approximately 100% leased. The buildings provide offices for over 120 physicians. Developed in partnership with Foulger Pratt Development and financing provided by SouthTrust Bank.

Approximate value: $25 million.