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North Oak Medical Park consists of a 175,000 square foot multi-phase, three building medical office park located on 12.33 acres in Kansas City, Missouri. The first phase of the project, a 61,000 square foot building was completed in April 1995. The second phase of the project, a 25,000 square foot building was completed in February 1999. Phase III consisting of 36,000 square feet of medical office suites which was completed in April 2004. Planning for Phase IV is in progress. Principals of BC Development are investors in Phase II & III of the park. Gashland Clinic, the majority owner of the park, selected BC Development as the development agent. BC Development was responsible for site selection and negotiating the terms of the land acquisition. BC Development also served as the project manager and leasing agent and was responsible for all aspects of the bidding, construction management, leasing, financing, and property management for the assets. The park was awarded the Key Stone Recognition award by the Clay County Economic Development Council for its commitment to the business expansion base for Clay County.
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North
Oak Medical Park
Project Location:
Kansas City, MO
Ownership Structure:
Limited Partnership: North Oak Medical Park, L.P.
General Partner: Corporation
Limited Partners: Physicians associated with Gashland
Clinic
Development Agent:
BC Development Co.
Development Managers:
Rick Baier
Size:
219,000 square feet
Cost:
$16,000,000
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