Healthcare Real Estate Portfolio

Learn how Stirling Properties is adapting to a changing environment and meeting the demand for healthcare real estate services.

The healthcare delivery system is rapidly evolving—speed, convenience, and cost efficiency are driving the evolution. It’s about getting the product to the consumer in the shortest amount of time possible, while increasing patient entry portals into each respective healthcare system. At Stirling Properties, we understand this changing environment. As the demand for new medical services increases, so are our service lines to meet those local needs. With more than 40 years of experience, our translatable skillset adds value for our healthcare clients in all aspects of commercial real estate services.

  • Development & Redevelopment
  • Site Selection
  • Master Planning
  • Entitlements
  • Financing
  • Design & Construction Management
  • Brokerage & Lease Negotiation
  • Asset & Property Management

Stirling Properties has a deep, diverse understanding of retail, office, mixed-use, and hospitality components of a project that is important to serving patients, their families, and visitors. Our approach to each healthcare project is that it takes a collaborative effort to make a successful venture. In addition to the Stirling Properties team, we engage all necessary resources from the healthcare provider, including consultants, and contractors. Visit our services page to learn more about our comprehensive list of services and projects.

Contact us to learn more about Stirling Properties Healthcare Real Estate Services

View our featured healthcare real estate projects or download the Stirling Properties Healthcare Real Estate Brochure.

Redevelopment

Post Acute Care Hospital Lacombe, LouisianaProject:
Post-Acute Care Hospital
(Former Louisiana Heart Hospital)

Location:
Lacombe, Louisiana

Tenants:
St. Tammany Parish Hospital, Slidell Memorial Hospital, and Ochsner Clinic Foundation

Acquisition Cost:
$23 Million

Site Size:
25 Acres

Building Size:
205,000 SF

Reopening Date:
2018

Project Description:
This asset was acquired out of bankruptcy and leased to a major regional healthcare provider to bring it back into commerce. The facility will be redeveloped and repurposed as a Post-Acute Care Hospital offering a variety of services including long-term acute care, skilled nursing, and inpatient & outpatient rehabilitation in one central, easily-accessible location.

Development

Ochsner Medical Office Building Baton Rouge, LouisianaProject:
Medical Office Building & Ambulatory Surgery Center

Location:
Baton Rouge, Louisiana

Project Cost:
$105 Million

Site Size:
25 Acres

Building Size:
215,000 SF

Completion Date:
2019

Project Description:
This is a brand new medical facility at The Grove in Baton Rouge, Louisiana, near the Mall of Louisiana fronting Interstate 10. The project includes a fivestory medical office building and an ambulatory surgery center among other uses. Stirling Properties was responsible for site selection, due diligence, state and local permitting coordination, and construction of $17 million of on-site and offsite infrastructure improvements.

Repurposing

Ochsner-LSU Health System of North LouisianaProject:
Bossier Multi-Specialty Clinic

Location:
Bossier City, Louisiana

Tenant:
Ochsner-LSU Health System of North Louisiana

Estimated Project Cost:
$9.3 Million

Site Size:
2.7 Acres

Building Size:
25,080 SF

Scheduled Completion Date:
August 2021

Project Description:
Stirling Properties was retained to be the Owner/Developer of a mixed-use medical facility in Bossier City. The project involves the conversion of a 25,000 square foot retail building into a high-tech healthcare clinic specializing in: Neurosurgery, Neurology, Orthopedics, Primary Care, Family & Sports Medicine, and Rehab.

New Construction

Ochsner Freestanding Emergency Department & Imaging Services Center LaPlace, LouisianaProject:
Freestanding Emergency Department & Imaging Services Center

Location:
LaPlace, Louisiana

Tenant:
Ochsner Medical Complex - River Parishes

Total Project Cost:
$12 Million

Site Size:
3.5 Acres

Building Size:
19,463 SF

Completion Date:
2017

Project Description:
Stirling Properties was the Owner/Developer of this hybrid healthcare facility in LaPlace, Louisiana. This development involved the ground-up construction of an innovative microhospital concept, combining an emergency department (open 24 hours) and imaging center under one roof. The project had aspects of a design-build development and now proudly stands as a beacon along the main commercial corridor of St. John the Baptist Parish.

Project Management

Ochsner Kidney CareProject:
Four Dialysis Clinics

Location:
Greator New Orleans Area, Louisiana

Client:
Ochsner Kidney Care

Estimated Project Cost:
$11-12 Million

Average Building Size:
± 7,000 SF

Scheduled Completion Date:
March 2021

Project Description:
Stirling Properties was retained to be the Developer of four 11,000 SF new construction, build-to-suit dialysis facility along with three separate ~6,000 SF renovation sites for dialysis clinics throughout the New Orleans metropolitan region.

 

Facilities Management

Ochsner-LSU Health System of North LouisianaProject:
Margaret Place

Location:
Shreveport, Louisiana

Client:
Ochsner-LSU Health System of North Louisiana

Uses:
Neurosurgery / Neurology
Pediatric Specialty Clinic
OBGYN Clinic
OLHS Training Rooms
(more to come)

Building Size:
730,000 SF

Management Start Date:
October 2018

Project Description:
Stirling has provided various facets of Property and Project Management services in the repurposing and retrofitting of this long-neglected asset, to the delight of the local community.

Acquisition and Financing

Ochsner Rehabilitation HospitalProject:
Ochsner Rehabilitation Hospital

Location:
Jefferson, Louisiana

Tenants:
Ochsner Clinic Foundation, Select Medical, LHC (Lafayette Health Care) Group 

Acquisition Cost:
$59.8 Million

Site Size:
3.4 Acres

Building Size:
129,875 SF

Opening Date:
2018

Project Description:
Stirling Properties partnered with Ochsner to acquire a newly built rehabilitation hospital on Jefferson Highway. This new addition to Ochsner's Main Campus West is a five-story facility comprised of three high-demand healthcare components: Long Term Acute Care, Inpatient Rehabilitation, and a Skilled Nursing Facility.

Site Selection and Strategic Planning

St. Tammany Parish Hospital Covington ClinicProject:
Covington Clinic

Location:
Covington, Louisiana

Client:
St. Tammany Parish Hospital

Uses:
Express Care
Pediatrics
Pediatric Rehabilitation

Building Size:
50,000 SF

Closing Date:
October 2019

Project Description:
Stirling Properties served in an advisory and assistance role to St. Tammany Parish Hospital in the acquisition of a 50,000 square foot facility in Covington, Louisiana which
is currently being used for Express Care, Pediatrics, and Pediatric Rehabilitation, among other things.