Business Specialties Development
May 15, 2009
Duke Realty Corp. has commenced the development of the new Baylor Cancer Center, a 460,000-square foot, $154 million outpatient cancer treatment center at Baylor University Medical Center in Dallas. The project will be owned by a newly created joint venture between Duke and Northwestern Mutual. Savills L.L.C. represented Duke in the formation of the Baylor Cancer Center joint venture. BremnerDuke Healthcare Real Estate, a division of Duke, will manage the asset following completion. When completed, the Baylor Cancer Center is expected to receive LEED silver certification. The project is 93 percent pre-leased to Baylor Health Care System, and US Oncology Inc.
Duke Realty Corp. has commenced the development of the new Baylor Cancer Center, a 460,000-square foot, $154 million outpatient cancer treatment center at Baylor University Medical Center in Dallas. The project will be owned by a newly created joint venture between Duke and Northwestern Mutual. Savills L.L.C. represented Duke in the formation of the Baylor Cancer Center joint venture. BremnerDuke Healthcare Real Estate, a division of Duke, will manage the asset following completion. When completed, the Baylor Cancer Center is expected to receive LEED silver certification. The project is 93 percent pre-leased to Baylor Health Care System, and US Oncology Inc.
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