TRAMMELL CROW TO DEVELOP MOB FOR NEW MEDICAL CAMPUS

PLAINSBORO, N.J. — Trammell Crow Co. has been selected to develop a new medical office building on the campus of the $442 million University Medical Center of Princeton at Plainsboro, a new hospital located in Plainsboro. Medical Arts Pavilion will be a five-story, 146,971-square-foot building that will directly connect to the new hospital, which is also currently under construction. Princeton HealthCare System, which will occupy the new hospital, will be the primary tenant for the new office building as well. The healthcare provider will house an ambulatory surgery center, diagnostic radiology services, a sleep center and other medical services in the building. The remainder of the space will be leased as physician's offices. Groundbreaking for the project will take place in October, with completion expected in May 2012. The project's owner is Partners Health Trust, a joint venture between Trammell Crow and a public pension fund advised by Kennedy Associates.