PMB Opens Orange County MOB
PMB, in partnership with Providence St. Joseph Hospital, has opened Helen Caloggero Women’s and Family Center, a 137,000-square-foot medical office building in Orange, Calif. The development team included Boulder Associates as project architect and Snyder Langston as general contractor.
Harrison Street served as capital partner in this development and Siemens also provided financing. In addition, PMB obtained a $77.6 million construction loan from Capital One in August 2021, according to CommercialEdge, two months prior before the groundbreaking ceremony in October. The developer topped out the facility a year later.
Demand for outpatient clinics is still high due to asset specificity, despite current economic challenges. Development might be affected by financing difficulties, but the volume of projects in the sector is still getting higher.
A focus on women’s health services
The four-story medical facility provides such services as Providence Medical Foundation obstetrics and gynecology, a maternity wellness center, maternal mental health, pelvic health and rehab. PMB Real Estate Services handles property management.
Helen Caloggero Women’s and Family Center also features the federally qualified health clinic La Amistad, which provides OB-GYN and pediatric services for underserved members of the community. Coastal Vision and Blue Bowel also offer services at the clinic.
The medical office building came online on 1.2 acres at 363 S. Main St., on the Providence St. Joseph Hospital campus. The property has access to Interstate 5, while downtown Los Angeles is 30 miles northwest. Other health-care facilities in the surrounding area include UCI Medical Center and Betavia Woods Medical Center, among others.
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