SILVER SPRING, Md., and WHITE PLAINS, N.Y., Dec. 16,2020 – Leading healthcare real estate publication, Healthcare Real Estate Insights (HREI), announced that the Medical Pavilion at White Oak has won the 2020 HREI Insights Award for the “Best New Medical Office Buildings and Other Outpatient Facilities (100,000 square feet or more)” category.
The unique partnership between Seavest Healthcare Properties LLC, Trammell Crow Company and Adventist HealthCare has brought this major new medical pavilion and cancer center to an emerging healthcare and life sciences hub near Washington, D.C.
The new 169,000-square-foot Medical Pavilion at White Oak is part of the new Adventist HealthCare White Oak Medical Center in Silver Spring, Maryland. The Pavilion offers multiple, convenient connections to the new 180-room hospital that opened this summer. The hospital and outpatient medical pavilion bring an interconnected and collaborative world-class medical complex to the emerging White Oak Science Gateway and thriving White Oak mixed-use development.
The seven-story medical pavilion, which is located at 11886 Healing Way, is anchored by Adventist HealthCare and hospital-affiliated oncology practices. The facility houses both medical and radiological oncology services in a highly advanced cancer treatment setting. The building is also home to a wide range of other medical specialists.
Trammell Crow Company is the developer of the building and has been involved in a multi-year journey with the hospital as the project took shape.
“The HREI Award judges praised Trammell Crow and Seavest for “impressive coordination with timelines to align with the hospital opening,” said Murray Wolf from HREI.
Trammell Crow and Seavest also received two NAIOP DC|MD awards for their work at White Oak: “Best Suburban Office” and “Best Real Estate Transaction Tenant Lease over 25,001 Square Feet.”
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,700 buildings valued at nearly $65 billion and over 590 million square feet. As of September 30, 2020, TCC had $14.8 billion of projects in process and $5.9 billion in its pipeline. It employs more than 550 professionals in the United States and the United Kingdom.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 18 major cities throughout the United States and London. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2019 revenue). For more information visit TrammellCrow.com.
About Adventist HealthCare
Adventist HealthCare, based in Montgomery County, is a faith-based, not-for-profit organization of dedicated professionals who work together each day to provide excellent wellness, disease management and healthcare services to the community. AHC’s integrated healthcare delivery network includes three nationally accredited, acute-care and specialty hospitals, outpatient centers, home health agencies and physician practices serving the greater Washington, D.C., metropolitan area. AHC’s hospitals are accredited by The Joint Commission for their commitment to providing high-quality care to patients and achieving performance standards. For more information visit AdvenistHealthCare.com.
About Healthcare Real Estate Insights
Launched in 2003, HREI was the first and remains the only national magazine entirely dedicated to covering healthcare real estate development, financing and investment. This monthly, national, business-to-business magazine offers sophisticated players the most comprehensive coverage in the industry available anywhere. Introduced in 2008, the HREI Resource Guide was the first and is still the only annual directory of healthcare real estate services. And HREI’s companion website, HREInsights.com, has been totally redesigned and vastly expanded with more than 16 years of content and more than 8,200 original and contributed articles, news releases, listings and other content, serving as the hub for healthcare real estate news and information. For more information visit HREInsights.com.
Media Contact: Anna Marx, Rethink Capital Partners, Media@rethink-capital.com or 914.597.7696
