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As Seen In Columbus Business First | Mount Carmel East

Equity adding to bustling Mount Carmel East corridor with new medical office building

 

A new medical office building is coming to the flourishing East Broad Street corridor anchored by Mount Carmel East.

An affiliate of Equity LLC is constructing a two-story building at 6517 E. Broad St., next to LA Fitness within the Hilliard developer’s Eastglen Exchange medical and retail project.

OhioENT has been signed as a tenant in the Eastglen Exchange medical office building, and 15,000 square feet of a total 33,898 square feet remains available.

Equity Construction Solutions, an independent company spun off from Equity in 2015, expects to complete the build-out in summer 2018.

The stretch of East Broad Street has been active with development as Mount Carmel builds out a $310 million expansion to its flagship hospital. Developers say the increased activity is happening independent of the expanding hospital.

Equity has roots in that area building medical offices for doctors affiliated with Mount Carmel and urgent cares to take the burden off its emergency department.

Three years ago, Equity bought the last 8 undeveloped acres on the stretch and started the wellness-focused commercial campus centered on the LA Fitness health club.

The roughly $7 million medical office building is being organized under Eastglen Exchange LLC, of which Equity is a sponsor.

“(It) will most likely include other outside investors, possibly include building tenants at their option,” Equity said in an email.

Colliers International Group Inc. (NASDAQ:CIGI), the building’s leasing agent, is seeking proceduralists, specialists, primary care, internal medicine and dental professionals.

M&A Architects is the project’s design firm.