Gray Street Medical Office Building is located in a thriving downtown medical community. This unique structure provides more than 124,000 square feet within six floors of medical office space plus five floors of a parking garage containing 733 spaces. A convenient covered pedway provides direct access to multiple buildings within the Norton Hospital system and other downtown medical addresses.
Description:
Six-floor, 124,300-square-foot medical office building situated above a 733-stall parking center.
Location:
Norton Downtown Medical Campus
Gray Street, Louisville, Kentucky
Acquired From:
Norton Healthcare
Purchased:
2003 (constructed 1990)
Renovated:
2004 (garage structure)
Benefits to Hospitial:
+Faulkner manages and leases the property more effectively than could be done in-house.
+Norton continued to maintain control without
the expense.
+Dedicating professional management and maintenance personnel to the building by Faulkner provided an improvement in services and lower operating expenses to the tenants.
+Faulkner leasing efforts became a source of recruitment for the hospital.
