- Beaver Dam Medical Office Building
- Pronger Smith Medical Care
- Prospect Medical Commons
- River Woods Medical Office Building
- St. Joseph’s Hospital Medical Office Building
- St. Luke’s Physicians Office Building
- Valley West Medical Office Building
- Vista Medical Office Building
- Waukesha Memorial Professional Bldg
Vista Medical Office Building
Vista Health System, a Community Health Systems’ affiliate, engaged Irgens to develop and own a medical office building on its outpatient campus located in the heart of growth in Lake County, Illinois. Irgens’ professionals interviewed dozens of physicians and determined the need for a 45,000 square foot facility to be built adjacent to Vista’s surgery center and emergency department. Once Irgens completed its original market analysis, Vista’s objectives for the project were clear: increase utilization of its surgery center, deploy its expanding cancertreatment service line and enhance their position to develop a proposed hospital on its campus.
Irgens called upon its expertise in physician recruitment and leasing to bring top-tier practitioners to the project while achieving the health system’s vision of establishing the facility as a regional cancer center. As developer and owner, Irgens fully capitalized the project using its ready sources of debt and equity. This allowed Vista to preserve its capital for core initiatives while maintaining strategic control of the use of the new asset.
With successful pre-leasing of multiple physician groups in place, Irgens delivered the new facility under budget and ahead of schedule, enabling Vista and its physician partners to begin treating patients in a timely manner. The Vista Health System Medical Office Building opened on time and was awarded the prestigious Green Globes award for its commitment to environmental sustainability With an eye toward continued expansion, Vista now enjoys the benefits of a new, Class A medical office building which creates a new front door and strengthens the profile of the health system and its services in this expanding market. Irgens continues to provide energy-efficient and environmentally sustainable property management services.
Barbara J. Martin | Vista Health System