Remedy Medical Properties provides complete solution with acquisition and expansion of Urology Nevada MOB
RENO, Nev., and CHICAGO, Dec. 19, 2022 – A joint venture (JV) partnership of Urology Nevada, the largest, most comprehensive urology practice in Northern Nevada, and Chicago-based developer Remedy Medical Properties recently completed an 8,255-square-foot expansion to the healthcare provider’s surgery center/medical office building (MOB) in Reno.
“This project was a strategic alignment of our acquisition and development teams that enabled us to acquire the property as well as expand it at the same time,” says Joe Magliochetti, Chief Investment Officer for Remedy. “We worked well together across multiple teams, allowing us to successfully deliver the project on the client’s timeline.”
Previously, officials at Urology Nevada determined that they needed to expand their facilities to address the population growth and increased need for additional healthcare services in the Reno-Tahoe region. They decided to combine two of their three Reno medical offices into one 21,576-square-foot regional care center. The new facility, located at 5560 Kietzke Lane, was completed in spring 2018. This latest addition brings the overall building size to 29,830 square feet.
Stephen Gabelich, CEO of Urology Nevada, says, “This expansion will enable Urology Nevada to offer additional surgical capabilities and treatments. It also will serve as a one-stop-shopping urology center, providing all surgeries and procedures in one convenient location.”
The facility includes two operating rooms, four procedure rooms and 12 pre-op/recovery rooms offering treatments and procedures that will include cryotherapy, microwave therapies, laser therapies, as well as shock wave and laser treatments for kidney stone disease.
In addition to Remedy, the other experienced members of the project team were general contractor Miles Construction, which is headquartered in Carson City, Nev., and the Boulder, Colo., office of architect Boulder Associates.
About Urology Nevada
Urology Nevada is the largest, most comprehensive urology practice in Northern Nevada. The board-certified doctors of Urology Nevada diagnose and treat the full range of urologic conditions for men, women, teens and children. The highly skilled team provides an extensive range of treatments and services within our state-of-the-art facility located in Reno, Nev. Services ranging from chronic care management to advanced cancer treatment are all part of our commitment to the communities we serve. For more information, please visit https://urologynevada.com.
About Remedy Medical Properties
Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with over 33 million square feet and 25 offices spanning 44 states. Remedy offers healthcare providers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy to healthcare providers. Our willingness to commit capital, share more risk, and offer greater foresight results in greater resilience, profitability, and peace of mind for our clients.