Suburban Plaza I is a Class A physician office building located in the center of a thriving metropolitan Louisville medical community. This eight-floor physician
office building was constructed in 1971 and completely
renovated in 2002. It offers more than 95,000 square feet of
space. The recently
renovated lobby has three traction elevators with separate
entrances to surface level parking. There is a lower-level tunnel that connects Suburban I to the hospital cafeteria.
Description:
Eight-floor, 95,300-square-foot medical office building
Location:
Norton Suburban Medical Campus
Dutchmans Lane, Louisville, Kentucky
Acquired From:
Norton Healthcare
Purchased:
2001 (constructed 1971)
Renovated:
2002
Benefits to Hospital:
+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 of the building to Faulkner provided an improvement in services and lower operating expenses to the tenants.
+Faulkner leasing efforts became a source of recruitment for hospital.
