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Birmingham, AL 35242

The Sanders Trust Completes Construction on $8.7M Medical Office Building

Thursday | June 19th, 2014

BIRMINGHAM, Ala. – The Sanders Trust (TST) announced today that it has completed construction on a new $8.7M medical office building (MOB) located on the campus of Lake Granbury Medical Center, a Community Health Systems affiliated hospital, located just outside of Ft. Worth, Texas.

TST, one of the nation’s leading healthcare real estate development companies, will own and provide ongoing property management services for the building. Work on the 41,000-square-foot MOB took less than a year to complete (August, 2013- June, 2014). The new facility will contain key Lake Granbury Medical Center (“LGMC”) departments such as orthopedics, cardiology and sports medicine. There are also plans for additional physician services within the building.

“The medical office building is conveniently connected to each of the main hospital’s three levels, providing easy access for all doctors, patients, staff and visitors,” said Darrell Simpson, Senior Vice President of Development for The Sanders Trust. “The building was designed to facilitate efficient and excellent care for patients and we are thrilled with the results.” To celebrate the building’s opening, a ribbon cutting ceremony will be hosted Thursday, June 19.

Dallas, Texas-based SKILES GROUP served as general contractor for the project. Ascension Group Architects of Arlington, Texas administered design services, and Cadence Bank in Birmingham, Alabama provided financing.

ABOUT THE LAKE GRANBURY MEDICAL CENTER: Community Health Systems’ Lake Granbury Medical Center is an 83-bed hospital, committed to delivering quality healthcare with dignity, respect, and concern for its patients. The hospital offers a range of comprehensive services; including inpatient, outpatient, emergency care, and an accredited sleep lab, and more. The medical staff comprises 116 physicians representing 24 specialties and is committed to serving the healthcare needs of the citizens in Granbury and the surrounding areas.

The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals and specialty hospitals nationwide. Headquartered in Birmingham, Alabama, The Sanders Trust has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired properties in 30 states.
The Sanders Trust
1000 Urban Center Drive | Suite 675
Birmingham, Alabama 35242
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Phone: 800-565-2585
Fax: 205-298-0810
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