July 24, 2014
Riverside, CA — CBRE announced today that they will be handling the exclusive listing for Riverside Community Hospital's ±60,000 rentable square foot medical office building located at 4510 Brockton Avenue in Riverside, also known as Riverbrock Medical Plaza. The new office building is part of the hospital's $315 million campus expansion project, which began in March of 2013. Construction on Riverbrock Medical Plaza began in early 2013 and was completed in the beginning of July 2014. The overall hospital expansion is expected to be completed in 2017.
CBRE's First Vice President John Oien, Associate Cynthia Hllywa, and Senior Vice President Bryan Lewitt have been selected to lease the property by Riverside Community Hospital.
"The $315 million expansion on the facility's campus was needed to improve access to healthcare for a growing population, "says Dan Bowers, Riverside Community Hospital COO. "The construction efforts are part of a continued investment by Riverside Community Hospital to meet the growing healthcare needs of Riverside and the surrounding areas."
"This medical office building will provide medical practices with state-of-the-art medical space in a market where little has been built for several years", says Mr. Oien, lead broker on the listing. "Many of the area's aging medical buildings do not have the infrastructure necessary for a modern medical practice."
The building has an on-site pharmacy, new 5-level parking garage with 1,060 additional parking spaces, front-door patient drop-off zone, large open floor plates for flexible space layout and abundant natural lighting.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
About Riverside Community Hospital
Founded in 1901, Riverside Community Hospital (RCH) is a 373 licensed bed, full-service acute care hospital in the heart of the Inland Empire. With over 500 physicians on staff, representing over 200 specialties and over 1,700 employees, Riverside Community Hospital is an Inland Empire leader in providing advanced, comprehensive health care to the Inland region. RCH houses the one of the largest Emergency Room and Trauma Center in the Inland Empire at 50 beds with an average wait time of only 22 minutes. RCH is one of Riverside County's only STEMI (heart attack) receiving centers and is a fully accredited Chest Pain Center. Centers of Excellence include the HeartCare Institute, offering invasive and non-invasive cardiac procedures, the Transplant Program and a Level II Neonatal Intensive Care Unit.
About HCA Far West Division
HCA's Far West Division is a network of 10 hospitals and six surgery centers located in the states of California and Nevada. From Nevada, Las Vegas Valley to the Silicon Valley, West Valley and South Bay Area in California, we are recognized for our quality awards and accreditations. Exclusive and specialty medical services provide a spectrum of primary, acute, tertiary and chronic care for patients. Our specialized care areas focus on advancing the science of medicine while providing high quality, new and life-saving technology, and safe patient care.