Excelsior Advisory assisted in site acquisition for a new 384,000 SF outpatient ambulatory surgery center facility. The project entailed evaluation of multiple sites, site assemblage strategy and entitlements including four separate purchase agreements. Starting over 10 years ago, the project was faced with multiple leadership changes, resulting in various shifts of area focus. With the final decision of a downtown location, the project was purchased the same price negotiated seven years prior.
The 384,000 SF building consolidates 26 primary and specialty clinics previously spread across nine buildings. The clinic and specialty center include six floors of clinics and services with two levels of underground pay parking available for patients and visitors. Further, it stands beside Minnesota’s first Level 1 Trauma Center, Minnesota’s largest emergency department and busiest trauma center.