Construction Starting on $35 Million Medical Facility
Wednesday, March 27, 2019 10:10 am
LITTLE ROCK -- A $26 million construction loan from Arvest Bank was closed yesterday for the development of the "Premier Medical Plaza" to be located in the longtime vacant Kmart store located at 10901 Rodney Parham Road. The project is being developed by Premier Gastroenterology Associates (PGA) and Newmark Moses Tucker Partners (NMTP) of Little Rock. The architect for the project is WER Architects and the general contractor is Clark Contractors. A formal groundbreaking ceremony will take place at the property within the next three weeks. Construction will begin on Monday, March 18th. PGA is expected to occupy the building, which will include both clinical space and a surgery suite, during the 4th quarter of this year.
The facility's name will recognize its owner and principal occupant, Premier Gastroenterology Associates of Arkansas, who will occupy approximately 45,000 square feet of space in the building according to Bill Greene, Premier's CEO who also states that it's an ideal location for their physicians and the thousands of patients seen each month from the Greater Little Rock area and around the state.
Chris Moses, President & Chief Executive Officer of NMTP explained that the renovation will include a complete new look for the property both inside and out. The Kmart store will not be recognizable once the exterior improvements to the building are complete. In addition, the center will have a new parking lot with extensive landscaping, a new entry off both Rodney Parham and Shackleford Roads and signage. It will transform not only the largely vacant center but also the neighborhood around it. Upon completion in the 4th quarter of 2019, the Plaza will provide new medical, clinical and surgery facilities for several medical groups in 100,000 square feet of space. For additional Information please contact Chris Moses at email@example.com